Total construction starts fell 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. Nonresidential building starts fell 9%, while nonbuilding starts improved by 7%, and residential starts moved 1% higher. Highway and bridge starts rose 15%. On a year-to-date basis through March total construction starts were up 13% from the first three…
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AGC of California’s Survey Unveils Industry Outlook for 2024
The Associated General Contractors of California (AGC of California) recently conducted a membership survey revealing feelings of optimism among contractors toward the future of the construction industry. A positive outlook is apparent as respondents anticipate favorable financial performance and recruitment opportunities for their companies in 2024. “The collective optimism of our members is the cornerstone driving the construction industry’s growth.…
Read MoreFormer Rogers Group Exec Joins Landmark Construction as COO
Landmark Construction Co., a prominent name in the civil construction industry, announced the appointment of Anthony M. Garcia as its new chief operating officer (COO). “Garcia brings an impressive background in the construction sector, marked by more than a decade of exemplary leadership and a profound commitment to operational excellence,” the company stated. For the past decade, Garcia has been…
Read MoreConstruction Starts Increase in August; Highways Surge
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…
Read MoreDodge Momentum Index Wraps up 2022 with December Growth
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 More2023 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…
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