Dodge Momentum Index Rises in March

The Dodge Momentum Index moved 1.7% higher in March to 151.4 (2000=100) from the revised February reading of 148.8. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. 

Read More

Construction Spending Down In February; Highways Decline

The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion. 

Read More

February Construction Starts Down; Highways Up

Total construction starts fell 2% in February to a seasonally adjusted annual rate of $797.3 billion. Nonbuilding construction starts posted a solid gain after rebounding from a weak January, however, residential and nonresidential building starts declined, leading to a pullback in overall activity. The Dodge Index fell 2% in February, to 169 (2000=100) from January’s 171.

Read More

Rogers Group Purchases Reed Contracting

Rogers Group Inc. (RGI) has purchased a quarry, sand plant, five asphalt plants and all construction assets of Huntsville, Ala.-based Reed Contracting Services. Since its inception in 1987, Reed has grown to be the leading provider of mass excavating, grading, underground utilities, asphalt paving and trucking services in Huntsville. 

Read More

Dodge Momentum Index Posts Strong Gain in February

The Dodge Momentum Index rose 7.1% in February to 149.0 (2000=100) from the revised January reading of 139.1. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The institutional component of the Momentum Index jumped 26.3% during…

Read More

Construction Starts Drop to Begin 2021

Total construction starts dropped 4% in January to a seasonally adjusted annual rate of $794.3 billion. Nonresidential building starts were flat in January, while nonbuilding starts dropped 10% and residential starts were 4% lower. From a regional perspective, starts were lower in three of the five regions – the Midwest, South Atlantic, and South Central. Starts rose, however, in the Northeast and West.

Read More

Vulcan’s Hill Sees Market Strength

Feb. 16, 2021 – Vulcan Materials, as part of its fourth-quarter and full-year 2020 report, looked into the crystal ball to see what is in store for the company in today’s aggregates market. Regarding the company’s outlook, Chairman and Chief Executive Officer Tom Hill stated, “We are encouraged by the continued strength in residential construction activity, particularly single-family housing. Our expectation is also…

Read More
1 2 3 46