The forecast is positive for 2022 and beyond as the economy is expected to stabilize, according to MDM's 2022 Industry Outlook.
Latest In Economic Trends
Census Bureau: Privately‐owned housing units authorized by building permits were 9.1% above the revised November rate.
An Associated Builders and Contractors analysis of Producer Price Index data shows prices increased over November.
The Producer Price Index for final demand increased 0.2% in December, the U.S. Bureau of Labor Statistics reported.
The seasonally adjusted Fastener Distributor Index of 56.2, was driven primarily by a lower employment index.
The industry added 22,000 net jobs in December, and the industry has recovered slightly more than 1 million of the jobs lost in 2020.
The deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the latest report.
Economic activity in the manufacturing sector grew in December, though the PMI dropped 2.4 points from November.
November 2021 construction spending was estimated at $1,625.9 billion, a 0.4% increase over the revised October estimate.
The international trade deficit was $97.8 billion in November, while exports were down $3.3 billion, according to a Census Bureau report.
Led by slower growth in production-related indicators, the Chicago Fed National Activity Index decreased to +0.37.
The Consumer Price Index has seen its largest 12-month increase in nearly four decades, according to recently released federal data.
Estimates of U.S. retail and food services sales for November were $639.8 billion, an 18.2% increase over the same period in 2020.
The U.S. Bureau of Labor Statistics says wholesale prices in November were up 9.6% from a year ago, the biggest 12-month jump since 2010.
The Census Bureau says seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion.
Sales of wholesale merchants in October were up 22.2% from last year, according to data released by the U.S. Census Bureau.
The November seasonally adjusted Fastener Distributor Index of 57.6 was driven primarily by ‘better seasonally adjusted selling momentum.’
The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to a new report.
The industry added 31,000 net jobs in November, according to an Associated Builders and Contractors analysis of U.S. labor data.
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
