
Core Report | March 27, 2026
Various production issues combined with mill preparations for upcoming spring maintenance are keeping many mills behind schedule. These delays have helped to push domestic sheet lead times higher recently.

Various production issues combined with mill preparations for upcoming spring maintenance are keeping many mills behind schedule. These delays have helped to push domestic sheet lead times higher recently.

Uncertainty around affordability and increasing construction costs continue to weigh on homebuilder confidence. The March Housing Market Index came in at 38, up slightly from 37 the previous two months but still well below the key 50 level.

Economic activity in the manufacturing sector expanded in February, now up for the second consecutive month. The February ISM PMI came in at 52.4, a slight slowdown from the 52.6 reading in January.

Economic activity in the manufacturing sector expanded in February, now up for the second consecutive month. The February ISM PMI came in at 52.4, a slight slowdown from the 52.6 reading 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.