Construction Forecasts

News & Analysis

Materials Market Reports Improved in March

05/11/2011 by Jim Haughey, RCD Chief Economist

Materials market reports improved in March offsetting the February declines. But adjusting for the current high inflation in the construction materials market results in a small 1st quarter drop in real sales and a cutback in real production to avoid accumulating unwanted inventory. Inflation adjusted inventory fell marginally but manufacturers’ 1.37 inventory/sales ratio remains stubbornly above the target level of about 1.20-1.30. There will be no significant gain in materials production until materials sales post several strong months of inflation adjusted sales gains. Production gains will begin by midyear and progressively strengthen.

Construction Materials

  Percent Change in…
  1 month 3 months 12 months 3 years
Production 2.2 0.1 5.0 -1.9
Prices 1.6 3.3 5.7 10.4
Orders 1.8 -0.5 -0.5 -10.1
Shipments 1.8 2.9 1.6 -9.7
Unfilled Orders 0.7 5.1 12.1 9.1
Inventory 0.7 2.6 4.9 -9.4
Inv/Sales Ratio -1.0 -0.3 3.3 0.4

Sources: US Dept. of Labor, US Dept. of Commerce, Federal Reserve Board


Email

RSS Feed

» return to previous page
10301

Member Comments

Post Your Own Comments 
» Not a member? Register now to become one. Otherwise, login to post your comments on this article.

click here to update your log-in and member information

click here to maintain your company profile & view metrics

Join accessArchitecture Now!
accessArchitecture members get free pre-design leads in exchange for providing project information
Keep Up To Date with eNewsletters
Keep up to date with our variety of complimentary weekly and monthly eNewsletters covering the construction industry.