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 MoreTag: Dodge Construction Network
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 MoreDodge 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 MoreConstruction 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 MoreDodge 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 MoreDodge Construction Network Forecasts Steady Growth
A Dodge Construction Network forecast projects a steady environment despite higher interest rates, rising prices and shortages of key labor. The OUTLOOK event hosted by Chief Economist Richard Branch gave insight into the current and future trends in construction.
Read MoreDodge Momentum Index Falls
The Dodge Momentum Index (DMI) ticked down by 1.2% in August to 171.9 from the revised July figure of 174.0.
Read MoreConstruction 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 MoreTotal 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 MoreTotal 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