The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

Public works and housing retreat, while nonresidential building stabilizes.

However, on a year-to-date basis, sales are up 2.8% from this time in 2017.

Of the available secured financing options, HELOCs are the most commonly used. 

The June reading of 1.17 million is the number of housing units builders would begin if they kept this pace for the next 12 months. 

More than 70 million millennials are poised to dominate the home buying market in the months and years ahead.

The single-family market is expected to continue to make gains in the coming months.

An index number over 50 indicates that more builders view conditions as good than poor. 

Nonfarm payroll employment increased by 157,000, seasonally adjusted, in January and 2,016,000 (1.5%) since January 2012, the Bureau of Labor Statistics reported Feb. 1.