Executive Trends
Favorable macroeconomic environment leads to increased residential construction activity and new home sales in the midst of existing home inventory shortages.
30-year mortgage rates and 10-year Treasury yields increased 24 and 36 BPS year-over-year.
The Fed’s raising of rates has caused a negative shift in investor sentiment to homebuilders in particular in the face of continued growth and a favorable macroeconomic environment.
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