Executive Trends
Favorable macroeconomic environment led to increased residential construction activity and home sales.
30-Year mortgage rates and 10-Year treasury yields have increased 51 and 59 BPS year-over-year.
The Fed’s raising of rates has yet to have a material impact on construction demand as expectations of economic growth outweighed increased borrowing costs.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Residential Construction
30-Year Mortgage Rates
NAHB Indices
Housing Starts & Building Permits
New and Existing Home Sales & Months Supply
Sector Roundup
Building Materials
Roads, Highways, and Bridges
Non-Residential Construction