Building permits were on the rise in quarter, which bodes well for the construction sector. Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent (±1.3 percent) above the revised June rate of 1,292,000 and is 4.2 percent (±1.7 percent) above the July 2017 rate of 1,258,000.

Industry Indicators

• US corporate profits, an indicator of corporate demand for construction services, rose 4.3% in the first quarter of 2018 compared to the same period in 2017.
• The value of US nonresidential construction spending, a demand indicator for builders, rose 2.9% year-to-date in June 2018 compared to the same period in 2017.
• US steel mill product prices, an indicator of commodity steel product costs used in construction, rose 12.4% in July 2018 compared to the same month in 2017.

Posted by Peter Heydenrych.

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The post M&A Quarterly News In The Engineering and Construction Industry Sector appeared first on CFA. The author is peterh.