The Dodge Momentum Index (DMI), issued by Dodge Construction Network (DCN), decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components both fell 1%. “While both portions of the Momentum Index saw slower momentum in planning, overall levels remain steady and will support construction spending in 2024 and…
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Construction Starts Drop, Highways Rise in October
Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively. Conversely, nonresidential building starts gained 8% during the month. Highway and bridge starts improved 6% in October. Year-to-date through October 2023, total construction starts were 4% below that of 2022.…
Read MoreConstruction Starts Drop in September, Fewer Megaprojects Move Forward
Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…
Read MoreConstruction Starts Drop 6% as Fewer Megaprojects Move Forward
Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…
Read MoreWhere Are We and Where Are We Headed?
Tracking aggregates production in the United States is no small feat, so kudos to U.S. Geological Survey Commodity Specialist Jason Willett, who diligently compiles that data quarterly for all of us to peruse. Data for the second quarter and first half of the year is now available. An estimated 662 million metric tons of total construction aggregates was produced and…
Read MoreDodge Momentum Index Rises 3% in September
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0. Over the month, the commercial component of the DMI fell 1%, while the institutional component increased 9%.
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 MoreFirst Look – September 2023
TOP NEWS The Rock Products Road Show The Rock Products Road Show – an “Economics + Equipment” informational session – rolled into Thompsonville, Mich., on July 21 for the Michigan Aggregates Association’s summer meeting, held at the Crystal Mountain Resort. The estimated U.S. output of construction sand and gravel produced and shipped for consumption in the first quarter of 2023 was…
Read MoreDodge Momentum Index Drops in August
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 6.5% in August to 178.0 (2000=100) from the revised July reading of 190.3. Over the month, the commercial component of the DMI fell 1.6%, while the institutional component fell 14.8%. “Overall activity remains above historical norms, but weaker market fundamentals continue to undermine planning growth,” said Sarah Martin, associate…
Read MoreTotal Construction Starts Show Double-Digit Gains in July
Total construction starts rose 17% in July to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonbuilding starts drove the increase, rising 38%, due to the start of a singular large LNG facility. Residential starts rose 20%, while nonresidential building starts lost 6%.
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