April 2018

Producer Price Index for Construction

The March Bureau of Labor Statistics producer prices index, (PPI) excluding food and energy, the final demand goods PPI rose 0.4% for the third consecutive month. The PPI for all commodities was down 0.2% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 3.9%. Figure 1 [...]

Construction Put-in-Place, (CPIP)

Total U.S. construction spending continued to perform well in February, especially in the public sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that January’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1232.7 billion (B). On a 12MT basis, private expenditures advanced 5.5% y/y, while, State [...]

March 2018

Advanced Durable Goods Orders

The U.S. Census Bureau reported yesterday that; new orders for durable goods orders gained 3.1% month on month, (m/m) in February, good news after the disappointing 3.5% decline in January. The always volatile nondefense aircraft orders, adding 25.5% m/m. Orders in the important core capital goods segment rose 1.8% m/m, the largest increase since September. [...]

U.S. Housing Starts and Permits

According to the U.S. Census Bureau’s latest data, housing starts fell by 7.0% month on month, (m/m) in February to a seasonally adjusted annualized rate (SAAR) of 1,236,000 units. This figure was down 90,000 from January’s SAAR of 1,326,000 units. On a year on year, (y/y) basis, starts were exactly flat at 1,236,000. On a [...]

Architectural Billings Index

February’s ABI national overall score of 52.0 was down 2.7 points from January’s 54.7 but still well into the expansionary zone, (>50). U.S. architecture firms with emphasis on multifamily and/or institutional specialization reported exceptional strong billings. Regionally activity was especially strong in the West and Midwest. The new projects inquiry index came in at 62.4, [...]

Producer Price Index for Construction

The February Bureau of Labor Statistics producer prices index, (PPI) excluding food and energy, the final demand goods PPI rose 0.2% for the third consecutive month. The PPI for all commodities was up 0.8% month on month, (m/m). On a 12 month year on year, (y/y) comparison, the all commodities PPI rose 4.0%. Inflation beyond [...]

Dodge Momentum Index

The Dodge Momentum Index increased 0.5% to 142.6 in February from the revised January score. On a year on year, (y/y) comparison, the composite index was up 2.0%. The commercial sub-index posted a moderate decrease for the month, while the institutional index recorded a substantial increase for the month. The Dodge Momentum Index is a [...]

­­­Construction Put-in-Place, (CPIP):

Total U.S. construction spending continued to perform well in January, especially in the public sector. Census Bureau non-seasonally adjusted (NSA), constant dollar CPIP data showed that January’s twelve month total, (12MT) construction expenditures grew by 3.7% year on year (y/y), to $1232.7 billion (B). On a 12MT basis, private expenditures advanced 5.5% y/y, while, State [...]

February 2018

Architectural Billings Index

January 2018 got off to a strong start for architecture firms as the national ABI recorded its highest score since 2007. This score of 54.7 was up from December’s 52.8 and reflects an increase in design services provided by U.S. architecture firms. It also marks four consecutive months of readings of growth in design billings. [...]

U.S. Service Center Shipments

On a three month moving average, (3MMA) basis, total carbon steel shipments averaged 140.3, climbing 4.6% year on year, (y/y). Bar & shapes, plate and structural shipments led the advance, each recording double-digits percentage increases. Table 1 shows percentage change results for shipments, daily intake and inventory level. In all cases the percentage change references [...]