Summary
This document is an Economic Report published in April 2026, providing insights into various economic indicators and trends affecting the construction industry. It outlines the current state of the Gross Domestic Product (GDP), noting a modest growth estimate of 1.3% for Q1, influenced by external factors such as the Iran war and an oil crisis. The report details housing permits and starts, highlighting a 7.2% increase in housing starts compared to December of the previous year, driven primarily by multi-family housing. Additionally, it discusses raw material prices and availability, emphasizing supply chain disruptions and inflationary pressures. The labor situation is also addressed, with rising employment costs and a significant labor shortage despite millions seeking work. Manufacturing activity is reported to be stable, with most nations in the expansion category. The report concludes with an analysis of risks, particularly regarding oil prices and geopolitical tensions, which could further impact economic stability.
