New construction starts moved 5% lower in September to a seasonally adjusted annual rate of $774.1 billion, according to Dodge Data & Analytics. This marks the second consecutive monthly decline in construction starts.
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Dodge Momentum Index Posts Gain in September
The Dodge Momentum Index moved 4.1% higher in September to 143.6 (2000=100) from the revised August reading of 137.9. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreKey Economic Markers Released
Sept. 23, 2019 – Two key industry economic markers hit on the same day. USGS reported that an estimated 680 Mt of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2019, an increase of 3% compared with that of the second quarter of 2018. Production for consumption in the first six…
Read MoreAugust Construction Starts Decrease 6%
New construction starts dropped 6% over the month in August to a seasonally adjusted annual rate of $807.1 billion, according to Dodge Data & Analytics. August’s decline breaks a string of three consecutive month-to-month gains.
Read MoreDodge Momentum Index Moves Lower in August
The Dodge Momentum Index dropped 1.3% from July to August to 137.8 (2000=100) from the revised August reading of 139.6. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreHighway Work Bounces Back
Aug. 26, 2019 – You don’t expect highway and bridge construction to dip during the summer construction season, but that is exactly what happened in June. Fortunately, July was a different story. Highway and bridge construction in July improved 9%, rebounding after a 5% decline in June, according to Dodge Data & Analytics. Large highway and bridge projects entered as July construction starts were the $238 million project to repair the…
Read MoreConstruction Starts Increase; Highways Rise
At a seasonally adjusted annual rate of $849.6 billion, new construction starts in Julyadvanced 2% from the previous month, according to Dodge Data & Analytics. This marked the third consecutive monthly increase for total construction starts, following gains of 10% in May and 9% in June.
Read MoreCommercial and Multifamily Construction Starts Show Varied Pattern
During the first half of 2019, six of the top 10 U.S. metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered greater activity compared to a year ago, according to Dodge Data & Analytics.
Read MoreDodge Momentum Index Descends in July
The Dodge Momentum Index retreated 4.6% in July to 138.9 (2000=100), down from the revised June reading of 145.6. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Read MoreMurray Talks About Construction Market
July 25, 2019 – Dodge Data and Analytics released its report for June,and thus the first half of the year. “On balance, the pace of construction starts has been sluggish so far in 2019, as activity has been generally lower than the healthy amount reported during the first half of 2018,” stated Robert A. Murray, chief economist for Dodge Data & Analytics.…
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