The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%. “One of the key construction storylines for 2022 was the return of enthusiasm and optimism in prospects for nonresidential…
Read MoreTag: construction sector
2023 Outlook/Forecast
Aggregates Industry Positioned For Economic Growth, Market Expansion. By Mark S. Kuhar and Josephine Patterson The Dodge Construction Network held its 2023 Dodge Construction Outlook, a mainstay in the construction industry for more than 80 years. The forecast predicts that total U.S. construction starts will be unchanged in 2023 at $1.08 trillion. When adjusted for inflation total construction starts will…
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 MoreGoing Global
Aug. 24, 2016 – According to the latest market report published by Persistence Market Research, the global construction aggregates market is anticipated to witness a year-over-year growth of 6.3 percent in 2016. Increasing activities in infrastructure and renovation sectors are among the key drivers propelling the demand for construction aggregates globally. In addition, the macroeconomic factors such as open-ended industrialization…
Read More