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…
Read MoreTag: Dodge Construction Network
Dodge Momentum Index Falls in March
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.6% in March to 164.0 (2000=100) from the revised February reading of 179.5. Over the month, commercial planning fell 3.2% and institutional planning dropped 17.2%.
Read MoreFirst Look – April 2024
TOP NEWS Breedon GroupBreedon Group plc, a vertically integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Rogers GroupRogers Group Inc. (RGI)…
Read MoreDodge Momentum Index Dips in February
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 1.4% in February to 180.5 (2000=100) from the revised January reading of 183.0. Over the month, commercial planning fell 2.3% and institutional planning ticked up 0.1%. “Weaker office and healthcare planning constrained nonresidential planning in February,” stated Sarah Martin, associate director of forecasting for Dodge. “However, the Index remains…
Read MoreConstruction Starts Up Slightly in January
Total construction starts grew 1% in January to a seasonally adjusted annual rate of $1.16 trillion, according to Dodge Construction Network. Nonbuilding starts rose 9% during the month, while nonresidential building starts fell 2% and residential starts were flat. Highway and bridge starts improved 9%. For the 12 months ending January 2024, total construction starts were down 1% from the…
Read MoreDodge Momentum Index Remains Flat in January
The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), rose 0.1% in January to 184.1 (2000=100) from the revised December reading of 183.9. Over the month, commercial planning fell 1.0% and institutional planning improved 2.1%. “Divergent trends between commercial and institutional planning continued in January, nullifying any growth on the overall Momentum Index,” stated Sarah Martin, associate director…
Read MoreConstruction Starts Rocket in December
Total construction starts grew 20% in December to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. Nonresidential building starts rose 37% during the month, while residential starts gained 8% and nonbuilding starts improved by 13%.
Read MoreWelcome to 2024
Happy New Year, and welcome to 2024. I hope this is a banner year for all of us and we see much success up ahead in the aggregates industry. Public highway, pavement and street construction is expected to grow by double digits for the second consecutive year, increasing 16% to $126 billion in 2024 from $108.6 billion in 2023, according…
Read MoreFirst Look – January 2024
TOP NEWS Granite Granite Construction announced the acquisition of Lehman-Roberts Co. and Memphis Stone & Gravel Co., longstanding asphalt paving and asphalt and aggregates producers and suppliers. Silvi Materials Shipping sand products to Brooklyn, N.Y., and the five boroughs of Manhattan is a challenge. But Silvi Materials now has a new high-quality, cost-effective solution, launching barges from a new port located about…
Read MoreDodge Construction Network Outlook 2024 Report Predicts Growth
After a year in which the economy and starts slowed considerably, the coming year should provide a transition to stronger growth for construction, according to the Dodge Construction Network’s (DCN) Outlook 2024 economic report. In 2024, total construction starts are expected to gain 7% to $1.2 trillion after growth slowed to just 1% in 2023 (and was down 2% after…
Read More