The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 0.7% in February to 225.6 (2000=100) from the revised January reading of 223.9. Over the month, commercial planning increased 3.3% while institutional planning fell 4.6%.
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Construction Starts Fall in January
Total construction starts fell 6% in January to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential building starts receded 18%, residential starts decreased 1%, while nonbuilding starts moved 4% higher.
Read MoreConstruction Starts Decrease 2%
Total construction starts decreased 2% in December to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 14% lower, while residential building starts grew 4%.
Read MoreDodge Momentum Index up 10.2%
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 10.2% in December to 212.0 (2000=100) from the revised November reading of 192.3. Over the month, commercial planning increased 14.2% while institutional planning improved 2.5%. “Commercial activity rebounded strongly in December, thanks to a re-acceleration in data center and warehouse planning activity,” stated Sarah Martin, associate director of forecasting…
Read MoreFIRST LOOK – JANUARY 2025
TOP NEWS Summit-Quikcrete MergerSummit Materials Inc. has entered into a definitive agreement to be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction combines Summit’s leading aggregates, cement and ready-mix concrete businesses with Quikrete’s leading concrete and cement-based products business to create a vertically integrated,…
Read MoreConstruction Starts Rise in November; Highways Down
Total construction starts increased 5% in November to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 2%, nonbuilding starts moved 16% higher, while residential building starts fell 1%.
Read MoreDodge Momentum Index Down in November
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 2.3% in November to 191.5 (2000=100) from the revised October reading of 196.0. Over the month, commercial planning fell 4.6% while institutional planning improved 2.5%. “Throughout 2024, we’ve seen robust growth in nonresidential planning activity – but labor shortages and high construction costs have prevented those projects from…
Read MoreConstruction Starts Rise in October
Total construction starts increased 4% in October to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 14%, nonbuilding starts moved 2% higher, while residential building starts fell 3%. On a year-to-date basis through October, total construction starts were up 3% from the first 10 months of 2023. Residential starts were up…
Read MoreDodge Momentum Index Drops in October
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 5.3% in October to 197.2 (2000=100) from the revised September reading of 208.2. Over the month, commercial planning fell 6.7%, and institutional planning declined 2.0%. “In addition to data center planning normalizing, a moderate pullback in the number of planning projects for several other nonresidential sectors also contributed…
Read MoreConstruction Starts Fall in September; Highways Up
Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding starts fell 11%, residential starts were down 1%, while nonresidential building starts were down 6% in September. On a year-to-date basis through September, total construction starts were up 2% from the first nine months of 2023. Residential starts…
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