The value of commercial and multifamily starts in the top 20 metropolitan areas of the United States gained 12% during the first six months of 2021 relative to the first half of 2020, according to Dodge Data & Analytics.
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Total 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 MoreU.S. Great Lakes-Seaway Shipping Bounces Back
U.S. Great Lakes ports and the St. Lawrence Seaway are reporting a surge in cargo shipments to feed domestic construction and manufacturing activity and global export demand, according to the latest June figures.
Read MoreDodge Momentum Index Falls in May
Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. 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…
Read MoreConstruction Spending Down in May; Highways Up
The U.S. Census Bureau reported that construction spending during May 2021 was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3% (±1.0%) below the revised April estimate of $1,549.5 billion.
Read MoreNew Study Touts Impact of Infrastructure, Education, Child-Care
President Biden and a bipartisan group of senators agreed to a compromise deal on a partial infrastructure deal, and a new study from the Levy Economics Institute of Bard College projects a significant increase in the growth rate in 2021 as a result. Infrastructure, education and families proposals, if enacted, will have positive macroeconomic benefits.
Read MoreU.S. Mines Produced an Estimated $82.3 Billion in Minerals During 2020
U.S. mines produced approximately $82.3 billion in minerals in 2020 – about $1.5 billion lower than the 2019 revised total of $83.7 billion, according to the U.S. Geological Survey.
Read MoreSingle-Family Starts Steady in May
Overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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 MoreU.S. Great Lakes-Seaway Ports See Sharp Increases
U.S. Great Lakes ports and the St. Lawrence Seaway reported sharp increases in cargo volumes of construction materials, steel and iron ore in May to supply renewed manufacturing and building activity in the region.
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