Construction Starts Drop 6% as Fewer Megaprojects Move Forward

Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…

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Total Construction Starts Slip in June

Higher Materials Prices Take A Toll, Highways Down. By Mark S. Kuhar 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…

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Granite Receives Two Public Works Project of the Year Awards

Aggregates producer and construction contractor Granite was selected as the recipient of two American Public Works Association’s (APWA) 2019 Public Works Project of the Year Awards for infrastructure projects publicly developed, owned and maintained, that promote excellence in construction management and administration. These awards recognize the alliance between the managing agency, the contractor, the consultant, and their cooperative achievements.

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Turning the Corner

April 18, 2019 – Maybe we have turned the corner in 2019. According to Dodge Data & Analytics, highway and bridge construction starts in March grew 4%, showing improvement after declines in January (down 5%) and February (down 6%). According to Robert A. Murray, the organization’s chief economist, the passage of federal appropriations for fiscal year 2019 in mid-February seems to be helping the public works sector. The…

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New Construction Starts Climb 21 Percent; Highways Soar

New construction starts in October climbed 21 percent to a seasonally adjusted annual rate of $864.0 billion, according to Dodge Data & Analytics. The substantial increase followed three straight months of decline, during which the pace of total construction starts fell 22 percent from the exceptionally strong volume reported back in June. 

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