
Core Report | October 10, 2025
A leading indicator for future nonresidential construction spending continued to push higher in September. The September Dodge Momentum Index came in at 304.6, up from a downwardly revised 294.7 in August.
A leading indicator for future nonresidential construction spending continued to push higher in September. The September Dodge Momentum Index came in at 304.6, up from a downwardly revised 294.7 in August.
September light vehicle sales came in at a 16.4 million unit rate, up 3.8% from August and up 2.1% from the 15.8 million unit rate in September 2024. Light vehicle sales have now increased for the fourth consecutive month.
Coated sheet lead times pushed higher this week after holding steady through much of the summer. Average lead times now sit at 6.8 weeks, up from 6.3 weeks last week, reaching the highest level since April.
A key measure of non-residential building project planning increased sharply again in August after a very sharp increase in July. The August Dodge Momentum Index came in at 301.4, up 7.5% from 279.9 in July.
Q2 growth in the U.S. economy accelerated at a faster rate than initially calculated. The second estimate of Q2 GRP showed an annual increased of 3.3%, up from the initial calculation of 3.0% growth.
Q2 growth in the U.S. economy accelerated at a faster rate than initially calculated. The second estimate of Q2 GRP showed an annual increased of 3.3%, up from the initial calculation of 3.0% growth.
New housing starts increased sharply in July on the back of stronger apartment complex starts. New housing starts came in at a 1.428 million unit rate, up 5.2% from June and up 12.9% from the 1.265 million unit rate last July.
Business activity from the manufacturing sector in the New York region grew a faster rate than in July. August marked the second consecutive monthly increase in activity, the first occurrence since November/December. The two-month average increased to 8.7, the highest level since December.
New home sales increased slightly in June although at a slower rate than expected. June new home sales came in at a 627,000 unit annual rate, up 0.6% from May but down 6.6% from the 671,000 unit rate in June 2024.
A key leading indicator for the non-residential construction spending increased sharply in June. The June Dodge Momentum Index came in at 225.1, up nearly 7% from May and up over 12% from last June.