New Construction Starts in September Slip 5 Percent

Decreased Activity Was Reported For Both Nonresidential Building And Housing; Highway And Bridge Construction Rose Slightly. The value of new construction starts in September dropped 5 percent from the previous month to a seasonally adjusted annual rate of $523.7 billion, according to Dodge Data & Analytics. Decreased activity was reported for both nonresidential building and housing, while the nonbuilding construction…

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New Construction Starts in October Climb 13 Percent

New construction starts in October advanced 13 percent to a seasonally adjusted annual rate of $591.1 billion, according to Dodge Data & Analytics. The increase follows the lackluster performance for construction starts during August and September, when activity fell to the lowest levels reported so far in 2015.

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New Construction Starts in September Slip 5 Percent

The value of new construction starts in September dropped 5 percent from the previous month to a seasonally adjusted annual rate of $523.7 billion, according to Dodge Data & Analytics. Decreased activity was reported for both nonresidential building and housing, while the nonbuilding construction sector managed a partial rebound after its August decline.

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Dodge Momentum Index Jumps in September

The Dodge Momentum Index moved 5.8 percent higher in September to 133.5 (2000=100) from its August reading of 126.2, according to Dodge Data & Analytics. The Momentum Index 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.

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Construction Starts Drop in August; Up Year-Over-Year

New construction starts in August dropped 11 percent to a seasonally adjusted annual rate of $554.5 billion, according to Dodge Data & Analytics. Declines were reported for each of construction’s three main sectors – nonresidential building and housing pulled back from their improved July pace, while nonbuilding construction continued to recede from the heightened performance witnessed earlier in 2015.

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Positive Signals for the Future

Shortly after I completed my August issue editorial, the Senate passed its version of the highway bill. As we wait for the House to finalize its version of the bill, then contemplate the mysteries of the universe while they try to reconcile the two bills, here are a few interesting construction-economy items.  

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First Look – September 2015

TOP NEWS Vulcan Reports Q2 Gains Vulcan Materials Co. announced results for the second quarter ending June 30, 2015. The company is reporting that total revenues increased $104 million, or 13 percent, to $895 million. Summit Materials Makes Acquisition Summit Materials Inc. has completed the acquisition of LeGrand Johnson Construction Co., a vertically integrated construction materials company. Martin Marietta Sales…

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