Quikrete Industry Dashboard
The latest version of the Quikrete Industry Dashboard shows all three residential construction/sales charts in retreat mode.
Compared to April, total housing starts were down 30%; single family starts were down 25%; and existing home sales declined 17.8% (all based on a seasonally adjusted annual rate).
Elsewhere on the Dashboard, gas prices increased for the second week in a row to a national average of $1.94 for a gallon of regular. That’s up from $1.80 a month ago.
The HBSDealer Stock Roundup shows big improvements from a month ago, and wild swings on an annual basis. On one end of the spectrum, BECN is down more than 39% compared to a year ago. On the other end, SHW is up more than 30%.
Coming up: The Conference Board will release its monthly Consumer Confidence Index on May 26.