Construction spending during September 2021 was estimated at a seasonally adjusted annual rate of $1,573.6 billion, 0.5% (±1.0%) below the revised August estimate of $1,582.0 billion. The September figure is 7.8% (±1.5%) above the September 2020 estimate of $1,459.3 billion.
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Total Construction Starts Rebound in September
Total construction starts rose 10% in September to a seasonally adjusted annual rate of $889.7 billion, according to Dodge Construction Network. All three sectors improved: nonresidential building starts rose 15%, residential starts moved 9% higher, and nonbuilding starts increased by 6%.
Read MoreGreat Lakes Limestone Trade Up 10.4% in September
Shipments of limestone on the Great Lakes totaled 3.7 million tons in September, an increase of 10.4% compared to a year ago. Limestone cargos were above the month’s five-year average by 5.2%.
Read MoreDodge Momentum Index Gains in September
The Dodge Momentum Index gained 11% in September to 164.9 (2000=100) from the revised August reading of 148.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The commercial planning component increased by 13% in September, while the…
Read MoreConstruction Spending Flat in August; Highways Up
The U.S. Census Bureau announced that construction spending during August 2021 was estimated at a seasonally adjusted annual rate of $1,584.1 billion, virtually unchanged from (±1.0%) the revised July estimate of $1,584.0 billion. The August figure is 8.9% (±1.5%) above the August 2020 estimate of $1,455.0 billion. During the first eight months of this year, construction spending amounted to $1,034.5 billion, 7.0%…
Read MoreTotal Housing Starts Rise in August
Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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 MoreSt. Lawrence Seaway Cargo Volumes Rise
Demand for construction and manufacturing materials both domestically and internationally continued on the Great Lakes-St. Lawrence Seaway through August as shipments of iron ore, steel, cement and stone surged through the region.
Read MoreDodge Momentum Index Drops in August
The Dodge Momentum Index dropped 3% in August to 148.7 (2000=100) from the revised July reading of 154.0. 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 MoreNew Single-Family Home Sales Rise
As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly constructed single-family homes, according to estimates from the Census Bureau and the Department of Housing and Urban Development.
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