Total construction starts fell 14% in November to a seasonally adjusted annual rate of $867.8 billion, according to Dodge Construction Network. Nonbuilding and nonresidential building starts bore the brunt of the decline, falling 30% and 21%, respectively, after seeing sharp increases in October as three large projects broke ground. Residential starts gained a modest 3%. Without October’s large projects, total construction starts in November would have…
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Construction Starts Rise; Highways Lower
Highway And Bridge Starts Were Both 7% Lower For The Month And For The 12 Months Ending In October 2021. By Mark S. Kuhar Total construction starts rose 16% in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts…
Read MoreTotal Construction Starts Decline in August
Highway Starts were Lower for the Month, But Up for the Year. By Mark S. Kuhar Total construction starts fell 9% in August to a seasonally adjusted annual rate of $782.8 billion, according to Dodge Data & Analytics. All three sectors lost ground during the month: nonbuilding starts were down 2%, residential starts were 9% lower, and nonresidential building starts…
Read MoreTotal Construction Starts Decline in August
Total construction starts fell 9% in August to a seasonally adjusted annual rate of $782.8 billion, according to Dodge Data & Analytics. All three sectors lost ground during the month: nonbuilding starts were down 2%, residential starts were 9% lower, and nonresidential building starts fell 13%.
Read MoreMid-Year Data Indicates a Strong Recovery
The Construction Industry Is Trending Upwards With An Economic Forecast That Looks Optimistic. By Mark S. Kuhar The construction sector faces unique challenges as recession turns to recovery, according to Dodge Data and Analytics’ Mid-Year Report. Economic growth is surging thanks to the growing number of vaccinated Americans and substantial federal stimulus. This surge will continue into 2022 as consumers…
Read MoreTotal Construction Starts Lower in July; Highways Up
Total construction starts fell 3% in July to a seasonally adjusted annual rate of $854.8 billion, according to Dodge Data & Analytics. There were few bright spots during the month, with all three sectors (residential, nonresidential building and nonbuilding) moving lower in July.
Read MoreTotal Construction Starts Slip in June; Highways Down
Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month. Single-family housing starts are feeling the detrimental effects of rising materials prices. Large projects that broke ground in May were absent in June for nonresidential building and…
Read MoreTotal Construction Falls in May as Housing Stumbles
Single-Family Construction Feeling Brunt Of Higher Material Prices; Highways Surge Higher. By Mark S. Kuhar Total construction starts dropped 1% in May to a seasonally adjusted annual rate of $902.8 billion, according to Dodge Data & Analytics. The brunt of the decline was borne by residential starts, while nonresidential and nonbuilding starts continued their recovery from the COVID-19 pandemic. “The…
Read MoreTotal Construction Falls in May as Housing Stumbles
Total construction starts dropped 1% in May to a seasonally adjusted annual rate of $902.8 billion, according to Dodge Data & Analytics. The brunt of the decline was borne by residential starts, while nonresidential and nonbuilding starts continued their recovery from the COVID-19 pandemic.
Read MoreConstruction Starts Slip in April as Housing Cools
Gains In Nonresidential; Pullback In Single-Family; Highways Inch Higher. By Mark S. Kuhar
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