Mid-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…

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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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Total 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…

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New Home Sales Pause Following Strong Summer Surge

Sales of newly built, single-family homes in September fell 3.5% to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly decline, the September rate is 32.1% higher than the September 2019 pace, and on a year-to-date basis, new home sales…

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