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Building Solutions Construction Data and Trends Vol 58, May 12, 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

CIRT Sentiment Index was 62.4 in Q2 2017, down slightly from 62.7 in Q1

Engineering & Construction Cost Index for April 2017 up to 57.0, above neutral

Construction Update

Construction Update

U.S. Construction Put-in-Place up 3.6% annually to $1.22T in March 2017

Dodge Momentum Index (DMI) dropped 5.1% to 133.8 in April 2017

Economic Update

Economic Update

Unemployment dipped to 4.4% with 211K jobs added in April 2017

Advanced estimate of real GDP for Q1 2017 was 0.7%; after 2.1% growth in Q4

 

Key Takeaways

  • The Construction Industry Round Table (CIRT) Sentiment Index for Q2 2017 was 62.4, and was down slightly from the 2-year high score of 62.7 in Q1 2017
  • In April 2017, the current pricing component score of the Engineering & Construction Cost Index (ECCI) gained momentum up to 57, indicating that construction costs, particularly in materials / equipment are on the rise
  • Construction Put-in-Place was $1.22T in March 2017, 3.6% above year ago activity
  • The Dodge Momentum Index (DMI) dropped 5.1% in April 2017 to 133.8. The decrease in the index was attributed to a 12% drop in institutional project planning
  • In April 2017, the unemployment rate fell to 4.4% with 211K non-farm jobs added
  • The advanced estimate of real GDP growth for Q1 2017 was 0.7%, following 2.1% growth in the last quarter of 2016

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