October Total Construction Starts Increase; Highway Starts Soar

Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%. Highway and bridge starts rose a startling 57%. Year-to-date, total construction was 16% higher in the first ten months of 2022…

Read More

Dodge Predicts Construction Starts to be Flat in 2023; Highways Up

Dodge Construction Network [www.construction.com] held its 2023 Dodge Construction Outlook on Nov. 15, 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 dip 3%. “As the clouds of uncertainty mount on the fate of the economy…

Read More

Dodge Momentum Index Spikes in September 

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 9.6% (2000=100) in October to 199.7 from the revised September reading of 182.2. During the month, the DMI continued its steady ascent, with the commercial component rising 13%, and the institutional component ticking up 2.9%. Commercial planning was bolstered by a solid increase in office and hotel projects. The…

Read More

Construction Starts Tumble in September; Up Year-to-Date

Total construction starts decreased 19% in September to a seasonally adjusted annual rate of $1.02 trillion, according to Dodge Construction Network. In September, nonresidential building starts dropped 23%, residential starts fell 11%, and nonbuilding starts declined by 25%. Highway and bridge starts dropped 31%. Year-to-date, total construction was 16% higher in the first nine months of 2022 compared to the…

Read More

Dodge Releases Third-Quarter Report

The Dodge Construction Network released its Quarterly Report for the third quarter of 2022. Informed by the latest data, insights and analytical commentary from the company’s economic and technological experts, the report highlights trends in the construction industry and provides analysis on what to expect on the road ahead.

Read More

Construction Starts, Highways Surge Higher in July

Total construction starts rose 48% in July to a seasonally adjusted annual rate of $1.36 trillion, according to Dodge Construction Network. This gain results from the start of three large manufacturing plants and two LNG export facilities. However, even without these projects, total construction starts would still have increased 7%. Nonresidential building starts rose 79% in July, and nonbuilding starts jumped 120%. Conversely, residential…

Read More

Total Construction Starts Slide 5% in June

Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential was 6% lower. On the contrary, nonbuilding starts gained 13% in June due to the start of several large solar projects. Highway and bridge starts declined 6%. Year-to-date, total…

Read More

Total Construction Starts Slide 5% in June

Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential was 6% lower. On the contrary, nonbuilding starts gained 13% in June due to the start of several large solar projects.

Read More
1 2 3