Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential buildings and infrastructure starts performed strongly during the month, countering a decline in residential starts. During the month, nonresidential buildings rose 25% and infrastructure starts increased by 19%. Residential starts fell 8% during the month. On a…
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Dodge Momentum Index Up 7.9% in July
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%. “While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building across many…
Read MoreDodge Momentum Index Up by Double Digits
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%. “Data centers continued to dominate planning projects in June – fueling another strong month for commercial planning,” stated Sarah Martin, associate…
Read MoreFirst Look – July 2024
TOP NEWS TACA ConventionThe Texas Aggregates & Concrete Association (TACA) welcomed more than 600 attendees to its 70th Annual Meeting, June 12-14, at the JW Marriott San Antonio Hill Country Resort & Spa. The theme this year was “Preserving a Strong Foundation” – to support an enduring commitment to the environment, as well as fostering a workforce that will carry…
Read MoreConstruction Starts Rise 10% in May
Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. Nonbuilding starts gained an impressive 49% during the month, driven by the start of an offshore wind project and an LNG facility, while residential starts lost 7% and nonresidential building starts were down 2%. On a year-to-date basis through…
Read MoreDodge Momentum Index Rises in April
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.7% in May to 179.0 (2000=100) from the revised April reading of 174.3. Over the month, commercial planning progressed 5.5% and institutional planning slowed by 3.4%. “Owners and developers are gaining confidence in 2025 market conditions, alongside more stable and predictable interest rates – spurring stronger commercial activity over…
Read MoreFirst Look – June 2024
TOP NEWS Summit MaterialsSummit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million…
Read MoreConstruction Starts Gain 6% in April; Highways Up
Total construction starts rose 6% in April to a seasonally adjusted annual rate of $1.13 trillion, according to Dodge Construction Network. Nonresidential building starts gained 17%, nonbuilding starts were 4% higher, while residential starts slipped 1%. On a year-to-date basis through April total construction starts were up 13% from the first four months of 2023. Residential starts were up 22%,…
Read MoreDodge Momentum Index Rises 6.1% in April
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. “The Dodge Momentum Index (DMI) saw positive progress in April, alongside a deluge of data center projects that entered the planning stage,” stated Sarah…
Read MoreConstruction Starts Dip 1% in March; Highways Up
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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