Finishing activity contracted again in October, closing at 44.4, exactly the same as September.
The slowed contraction seen in August appears to have been a blip as finishing activity contracted faster again in September to another two points.
Finishing activity reports a degree of redemption in August, ending the month up 1.4 points compared to July.
Finishing activity remained in contraction for July, reporting a 2-point drop for the second month in a row.
Finishing activity ended June in contraction, similar to the rest of the second quarter 2023.
Finishing Activity: The May Index reports continued contraction, closing at 48.9, about the same as April’s 49.
Finishing Activity: The April Index signaled contraction, closing at 49.0 compared to March’s 50.3.
Finishing Activity: March saw the index revert to flat, closing at 50.3 compared to February’s 51.3.
The improved start to 2023 carried into February which closed at 51.3 compared to January’s index of 49.6.
Finishing Activity: January started the year on a relatively positive note with an index of 49.6 compared to ending 2022 with a December index of 46.3.
Finishing activity was down 1.4 points vs. November.
Finishing activity has not contracted since July 2020.
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