The Dodge Momentum Index rose 2.8 percent in November compared to the previous month, 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.
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Looking into the Crystal Ball
As 2013 winds down, experts are starting to get a better idea of how 2014 is going to look. McGraw Hill Construction, part of McGraw Hill Financial, just released its 2014 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2014 will rise 9 percent to $555.3 billion,…
Read MoreSeptember Construction Climbs 13 Percent
By Mark S. Kuhar Nonresidential Building Bounced Back After Losing Momentum In August, But Bridge Work Took A Tumble.
Read MoreAugust Construction Rises 2 Percent
By Mark S. Kuhar Highway And Bridge Construction Had A Strong Month, Jumping 30 Percent.
Read MoreJuly Construction Recedes 2 Percent
By Mark S. Kuhar New Construction Starts In July Decreased 2 Percent, While Highway Construction Dropped 22 Percent. New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The nonbuilding construction sector, comprised of public works and electric utilities, pulled back in…
Read MoreNew Construction Starts to Climb 6 Percent in 2013
New construction starts are forecast to rise 6 percent this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction, a division of McGraw Hill Financial. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8 percent gain that took place in…
Read MoreJune Construction Settles Back One Percent
New Construction Starts In June Receded 1 Percent, But Highway Construction Took A Huge Leap Forward. By Mark S. Kuhar
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