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The ABI dropped below 50 (neutral) in March 2019 to 47.8 points. Most of the regions and sectors also dropped below 50, with only the South region and the Mixed Practice sector staying above neutral.
In April 2019, the Housing Market Index (HMI) was at 63 with increased performance in the current and traffic components of the index.
In March 2019, housing permits reflected an annual rate of 1.27M, 7.8% down from their year-ago rate with decreases in both Single- and Multi-family permits.
Also, housing starts in March 2019 were 14.2% below their year-ago rate with 1.14M starts, with decreases in both Single- and Multi-Family starts.
The Dodge Momentum Index (DMI) reached 145.5 in March 2019, 0.5% above the revised February score of 144.8.
The Associated Builders and Contractors (ABC) reported an 8.2% increase from the previous month in their Construction Backlog Indicator (CBI) to 8.8 months of backlog in February 2019.
The Leading Indicator of Remodeling Activity (LIRA) projected annual spending for home improvements and repairs to grow 6.9% in Q2 2019, reaching $345B.