Total construction starts increased 19% in March to a seasonally adjusted annual rate of $1.09 trillion, according to Dodge Construction Network. During the month, nonresidential starts rose 33%, nonbuilding starts increased 17%, and residential starts moved 5% higher.
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FIRST LOOK – April 2023
TOP NEWS Barry K. Wendt AwardThe National Stone, Sand & Gravel Association (NSSGA) presented its 2023 Barry K. Wendt Commitment Award to Charlie Luck of Luck Companies. “Throughout the industry, Charlie Luck is widely known for encouraging the advancement and bettering the aggregates industry,” said NSSGA President and CEO Michael Johnson. “His industry expertise and drive to help individuals succeed…
Read MoreTotal Construction Moves Higher in February; Highways Down
Total construction starts rose 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. During the month, residential and nonresidential building starts rose 11% and 9%, respectively, and nonbuilding starts declined by 5%.
Read MoreDodge Momentum Index Gets a Boost in February
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, advanced 1.9% in February to 203.0 (2000=100) from the revised January reading of 199.3. In February, the commercial component of the DMI rose 1.4%, and the institutional component increased 2.9%.
Read MoreTotal Construction Starts Fall in January; Highways Up.
Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%. Highway and bridge starts rose 1%. Comparatively, total construction was 14% lower in January 2023 than in January 2022. Nonresidential building…
Read MoreDodge Momentum Index Dips in January
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
Read MoreFirst Look – February 2023
TOP NEWS Lehigh Hanson Becomes Heidelberg MaterialsLehigh Hanson Inc. announced it has now changed its brand to Heidelberg Materials effective immediately. Previously announced in September of last year, this new brand identity goes into effect for the company’s corporate office and its core brands of Lehigh Cement and Hanson Aggregates. BURNCO Rock Products Closes Action Ready Mix DealBURNCO Rock Products…
Read More2023 Outlook/Forecast
Aggregates Industry Positioned For Economic Growth, Market Expansion. By Mark S. Kuhar and Josephine Patterson The Dodge Construction Network held its 2023 Dodge Construction Outlook, 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…
Read MoreDodge Momentum Index Rises for Third Consecutive Month
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%.
Read MoreOctober 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…
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