Executive Industry Trends
Favorable economic fundamentals entering 2020 have been overshadowed by the spread of COVID19. Precautionary actions taken to counteract the virus are expected to dramatically lower economic activity and demand.
Signs of economic fallout started to appear in late 1Q20 data but 2Q20 is expected to demonstrate a more comprehensive picture of the real time effects of the virus on economic activity.
Construction has been designated as an “essential” sector throughout most of the country, allowing construction companies to continue to work in the face of a multitude of disruptions.
A lower housing supply entering the pandemic, low mortgage rates, and government program support such as the CARES Act have helped support the housing market in the initial phase of the crisis.
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