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Building Solutions Construction Data and Trends Vol 54, March 17, 2017

Every two weeks, Oldcastle Building Solutions Business Intelligence prepares a report focused on understanding and analyzing construction market data and trends.

This in-depth report is developed primarily for internal distribution, but Oldcastle Building Solutions exists to inform construction professionals like you, so we're making this report available for anyone who's interested in reading it.

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What's New In This Report?

Construction Highlights

Highlights

Construction Backlog Indicator (CBI) decreased 4% to 8.3 months in Q4 2016

Dodge Momentum Index (DMI) increased 1.6% in February 2017 to 144

Construction Update

Construction Update

PPI Inputs to Construction, goods rose 1.0% in the month of January 2017

Engineering and Construction Cost Index for February 2017 down slightly to 55.2

Economic Update

Economic Update

Unemployment little change at 4.7% with 235k jobs added in February 2017

The Feds raised the federal reserve rate another 0.25% in March

 

Key Takeaways

  • The Associated Builders and Contractors (ABC) reported a 4% contraction from their previous quarter in their Construction Backlog Indicator (CBI), which was down to 8.3 months in Q4 2016
  • The Dodge Momentum Index (DMI) was up 1.6% in February 2016 to 144. Over the year, the index is up 22% signaling construction activity will see further growth
  • Construction Producer Price Indexes (PPIs), specifically "inputs to construction, goods" showed an increase of 1% in January 2017, and are up 3.8% over the year
  • The Engineering & Construction Cost Index (ECCI) score of 55.2 in February 2017 was down slightly from January's score, indicating that the rise in costs will continue
  • In February 2017, the unemployment rate was little changed at 4.7%, with 235K non-farm jobs added
  • Citing steady job growth and inflation nearing healthy rate, the Feds raised the federal rate another 0.25% in March

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