Total construction starts increased 4% in January to a seasonally adjusted annual rate of $923.4 billion, according to Dodge Construction Network. Regionally, total construction starts in January rose in the Northeast, South Central and West, but fell in the Midwest and South Atlantic. Compared to one year ago, total construction was 8% higher in January 2022 than in January 2021.…
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Total Construction Flat in December; Up for 2021
Total construction starts were flat in December with a seasonally adjusted annual rate of $879.3 billion, according to Dodge Construction Network. Residential construction starts gained 4% in December 2021, while nonresidential building starts improved by 3%. Nonbuilding starts, however, declined 12%. Across 2021, total construction starts rose by 12% compared to 2020. Residential starts moved 20% higher, and nonresidential buildings…
Read MoreTotal Construction Falls Sharply in November
Total construction starts fell 14% in November to a seasonally adjusted annual rate of $867.8 billion, according to Dodge Construction Network. Nonbuilding and nonresidential building starts bore the brunt of the decline, falling 30% and 21%, respectively, after seeing sharp increases in October as three large projects broke ground. Residential starts gained a modest 3%. Without October’s large projects, total…
Read MoreConstruction Starts Rise; Highways Lower
Highway And Bridge Starts Were Both 7% Lower For The Month And For The 12 Months Ending In October 2021. By Mark S. Kuhar Total construction starts rose 16% in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts…
Read MoreTotal Construction Starts Decline in August
Highway Starts were Lower for the Month, But Up for the Year. By Mark S. Kuhar 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…
Read MoreMid-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…
Read MoreTotal 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…
Read MoreTotal 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…
Read MoreConstruction Starts Slip in April as Housing Cools
Gains In Nonresidential; Pullback In Single-Family; Highways Inch Higher. By Mark S. Kuhar
Read MoreFebruary Construction Starts Down; Highways Up
Total Construction Starts Fell 2% In February But Highway And Bridge Starts Saw A Double-Digit Increase. By Mark S. Kuhar
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