Executive Summary
Favorable macroeconomic environment driving increased construction on all fronts – residential, nonresidential, public.
Tight labor market and increased fuel costs pressuring building companies’ margins.
U.S. tax overhaul already boosting nonresidential construction through 2Q18.
The Fed continues on its path of raising interest rates. However, the flattening yield curve has some concerned that short-term rates are rising too quickly.
IN THIS ISSUE
Construction Overview
GDP
Unemployment
Value Put-In-Place
10-Year Yield and Real Broad Dollar Index
Sector Focus
Building Materials
Government Consumption and Investment
Industrial Production Index and Commodity Input Price Index
Sector Roundup
Non-Residential Construction
Roads, Highways, and Bridges
Residential Construction