New construction starts in June advanced 6 percent to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects. Modest gains in June…
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Dodge Momentum Index Makes Third Straight Gain in June
The Dodge Momentum Index gained 3.3 percent in June to 128.7 (2000=100), its third consecutive increase following hesitation in February and March, according to McGraw Hill Construction, a division of McGraw Hill Financial.
Read MoreGreen Building a Key Trend in Economic Growth
By Mark S. Kuhar Residential construction is a key engine behind economic growth in the United States. According to McGraw Hill Construction’s Dodge Construction Market Forecast, single and multifamily housing projects account for about 45 percent of the value of all construction projects started in the United States in 2014. With that market forecast to grow rapidly in coming years,…
Read MoreMay Construction Retreats 5 Percent; Highways Up
Despite the Dip, Highways Category up 23 Percent; Bridges up 34 Percent. By Mark S. Kuhar
Read MoreMay Construction Retreats 5 Percent; Highways Up
At a seasonally adjusted annual rate of $513.4 billion, new construction starts in May dropped 5 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The reduced pace for total construction starts reflected a moderate loss of momentum for nonresidential building and housing, while the nonbuilding construction sector eased back slightly.
Read MoreApril Construction Advances 3 Percent
Highway Work Dropped 23 Percent while Bridge Construction Fell 43 Percent. By Mark S. Kuhar
Read MoreDodge Momentum Index Climbs Again in May
The Dodge Momentum Index gained 2.0 percent in May to 125.2, following April’s strong rebound. According to McGraw Hill Construction, a division of McGraw Hill Financial, 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.…
Read MoreApril Construction Advances 3 Percent
New construction starts in April rose 3 percent to a seasonally adjusted annual rate of $533.7 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The increase maintained the upward movement established in March, which followed sluggish activity at the outset of 2014.
Read MoreDodge Momentum Index Rebounds in April
The Dodge Momentum Index advanced 8.4 percent in April to 123.0 (2000=100), according to McGraw Hill Construction, a division of McGraw Hill Financial. 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.
Read MoreNew Construction Advances in March
Highway Construction In March Increases 26 Percent; Bridge Construction Climbs 45 Percent. By Mark S. Kuhar
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