
Core Report | February 27, 2026
Consumer confidence rebounded in February after a sharp drop in January. The February Consumer Confidence Index came in at 91.2, up from an upwardly revised 89.0 in January.

Consumer confidence rebounded in February after a sharp drop in January. The February Consumer Confidence Index came in at 91.2, up from an upwardly revised 89.0 in January.

After sliding throughout Q4, U.S. light vehicle assemblies rebounded slightly to start 2026. January light vehicle assemblies increased to a 9.601 million unit rate, up 1.2% from December and up a sharp 8.2% from the 8.871 million unit rate last January.

After slipping in September, seasonally adjusted construction spending regained its upward movement in October. October total construction spending came in at a $2.175 trillion rate, up 0.5% from September but down 1.0% compared to October 2024.

After slipping in September, seasonally adjusted construction spending regained its upward movement in October. October total construction spending came in at a $2.175 trillion rate, up 0.5% from September but down 1.0% compared to October 2024.

After slipping in September, seasonally adjusted construction spending regained its upward movement in October. October total construction spending came in at a $2.175 trillion rate, up 0.5% from September but down 1.0% compared to October 2024.

After slipping in September, seasonally adjusted construction spending regained its upward movement in October. October total construction spending came in at a $2.175 trillion rate, up 0.5% from September but down 1.0% compared to October 2024.

Sales of existing homes increased again in December, now up for the fourth consecutive month. Existing home sales came in at a 4.350 million unit rate, up 5.1% from November and were up 1.4% compared to the 4.290 million unit rate last December.

U.S. light vehicle sales saw a slight increase in December but were below year-ago levels for the third straight month. December light vehicle sales came in at a 15.9 million unit rate, up from the 15.8 million unit rate in November but down from the 16.9 million unit rate last December.

In the middle of the week, Nucor announced a minimum base price increase for galvanized steel products. The new minimum base price is now $1,050/ton ($52.50/cwt) for all producing mills, except CSI, where the minimum base price will be $1,100/ton ($55/cwt). Nucor cited modest inventory levels for galvanized steel products in the supply chain, increased production costs, as well as resilient demand – demand that is expected to strengthen with continued reshoring of manufacturing in 2026.