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Construction Data and Trends Report for July 6, 2018

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 third estimate of real GDP growth for Q1 2018 was 2.0% and the real GDP for Q4 2017 was 2.9%, both above the previous year values.

The Construction Cost Index (CCI) and Building Cost Index (BCI) in July 2018 both showed increases in current pricing with an annual growth of 3.0% and 3.3%, respectively.

 

Construction Update

Construction Update

The annualized value of Construction Put-in-Place was $1.31T in May 2018, 4.5% above its year ago activity.

689K new Single Family homes were sold in May 2018, 14.1% above its the year-ago rate.

 

Economic Update

Economic Update

In June 2018, the unemployment rate increased to 4.0% after adding 213K jobs, with 13K added in the Construction Industry.

48 of 51 large MSAs (1M+ population) showed year-over-year unemployment rate decreases in May 2018 with Ames, IA showing the lowest unemployment of 1.5%.