The Dodge Momentum Index posted an 8.6% gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. The Index hit a 12-year high led by institutional planning.
Read MoreCategory: Industry Economics
Simonson Says Price Increases Continue
Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…
Read MoreConstruction Spending Ticks Upward
The U.S. Census Bureau announced that construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% (±0.8%) above the revised February estimate of $1,509.9 billion. The March figure is 5.3% (±1.0%) above the March 2020 estimate of $1,436.7 billion.
Read MoreNew Home Sales Jump in March
Low interest rates and strong consumer demand fueled a solid increase in new home sales in March, despite the ongoing building materials challenges impacting the industry, according to the National Association of Home Builders (NAHB).
Read MorePCA Releases Spring Market Outlook
The Portland Cement Association (PCA) Market Intelligence Group’s Senior Vice President and Chief Economist Ed Sullivan recently presented the association’s annual spring cement consumption forecast, predicting an increase in cement consumption for 2021 and 2022.
Read MoreDodge Momentum Index Rises in March
The Dodge Momentum Index moved 1.7% higher in March to 151.4 (2000=100) from the revised February reading of 148.8. The Momentum Index, issued by Dodge Data & Analytics, 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 MoreConstruction Spending Down In February; Highways Decline
The U.S. Census Bureau reported that construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% (±0.7%) below the revised January estimate of $1,529.0 billion. The February figure is 5.3% (±1.0%) above the February 2020 estimate of $1,441.1 billion.
Read MoreFebruary Construction Starts Down; Highways Up
Total construction starts fell 2% in February to a seasonally adjusted annual rate of $797.3 billion. Nonbuilding construction starts posted a solid gain after rebounding from a weak January, however, residential and nonresidential building starts declined, leading to a pullback in overall activity. The Dodge Index fell 2% in February, to 169 (2000=100) from January’s 171.
Read MoreDodge Momentum Index Posts Strong Gain in February
The Dodge Momentum Index rose 7.1% in February to 149.0 (2000=100) from the revised January reading of 139.1. The Momentum Index, issued by Dodge Data & Analytics, 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. The institutional component of the Momentum Index jumped 26.3% during…
Read MoreConstruction Spending Rises in January
The U.S. Census Bureau announced that construction spending during January 2021 was estimated at a seasonally adjusted annual rate of $1,521.5 billion, 1.7% (±0.7%) above the revised December estimate of $1,496.5 billion. The January figure is 5.8% (±1.0%) above the January 2020 estimate of $1,437.7 billion.
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