Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month. Highway and bridge starts were up slightly. Year-to-date, total construction was 6% higher in the first five months of 2022 compared…
Read MoreTag: Dodge Construction Network
Total Construction Starts Inch Higher in April; Highways Down
Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to the Dodge Construction Network. Nonresidential building and residential starts rose 6%, and residential starts increased by 4%, while nonbuilding starts fell 4%. Starts for highway and bridge projects fell 14%. Total construction was 6% higher in the first four months of 2022…
Read MoreDodge Momentum Index Jumps 7%
The Dodge Momentum Index jumped 7% in May to 176.2 (2000=100), up from the revised April reading of 165.2. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year. In May, the institutional component of the Momentum Index…
Read MoreFirst Look – June 2022
TOP NEWS Martin Marietta Hits Record RevenuesMartin Marietta Materials Inc. reported results for the first quarter ended March 31. The company is reporting record first-quarter consolidated revenues of $1.147.8 billion compared to $921.9 million in last year’s first quarter, a 24.5% increase. Vulcan Reports Strong QuarterVulcan Materials Co. announced results for the quarter ended March 31. Total revenues increased 44%…
Read MoreTotal Construction Starts Inch Higher in April; Highways Down
Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.
Read MoreDodge Momentum Index Higher in April
The Dodge Momentum Index (DMI) moved 6% higher in April to 164.8 (2000=100), up from the revised March reading of 155.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning shown to lead construction spending for nonresidential buildings by a full year. In April, the commercial component…
Read MoreTotal Construction Starts Decline in March
Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network. Nonresidential building starts lost 29%, in part due to the start of three large manufacturing facilities in the prior month. When those three large projects are removed, nonresidential starts in March would have risen 10%. Residential starts also fell…
Read MoreTotal Construction Starts Increase in February; Highways Flat
Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network. Nonresidential building starts swelled 32% due to the start of three large manufacturing facilities. By contrast, residential starts fell 3%, and nonbuilding starts fell by less than 1%. Without the three large manufacturing projects, total construction would have declined…
Read MoreTotal Construction Starts Increase in January
Total construction starts increased 4% in January to a seasonally adjusted annual rate of $923.4 billion, according to Dodge Construction Network. Regionally, total construction starts in January rose in the Northeast, South Central and West, but fell in the Midwest and South Atlantic. Compared to one year ago, total construction was 8% higher in January 2022 than in January 2021.…
Read MoreDodge Momentum Index Rises in February
The Dodge Momentum Index increased 4% in February to 158.2 (2000=100), from the revised January reading of 151.9. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In February, institutional planning rose 9%, and commercial planning moved 1%…
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