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Construction Data and Trends Report for April 19, 2019

Download the bimonthly Construction Data and Trends Report today; a one page update on key figures, drivers, and trends for U.S. construction. 

What's New In This Report?

 

Highlights

Highlights

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.

 

Construction Update

Construction Update

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.

 

Economic Update

Economic Update

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.