Every two weeks, we prepare a report focused on understanding market intelligence and analyzing construction industry data and trends.
This in-depth report is developed primarily for internal distribution, but because we want to keep construction professionals like you informed about the industry, we make this report available to anyone who's interested in reading it.
What's New In This Report?
Highlights
In August 2018, the unemployment rate stayed at 3.9% after adding 201K jobs, with 23K added in the Construction Industry.
The July 2018 Job Openings & Labor Turnover (JOLTS) report indicated that the construction segment had 273K unfilled job openings and made 17K hires.
Construction Update
The annualized value of Construction Put-in-Place was $1.32T in July 2018, 5.8% above its year ago activity.
The Dodge Momentum Index (DMI) reached 164.1 in August 2018, 2.9% below revised July score of 169 and 29.1% above its year-ago score.
Economic Update
In August 2018, construction final demand prices and construction industry goods saw a growth of 3.2% and 8.1%, respectively, from its year-ago value.
CPI-U, which measures inflation, increased by 0.2% in August 2018, after rising the same 0.2% in July 2018.
