New construction starts in June advanced 9% from the previous month to a seasonally adjusted annual rate of $832.7 billion, according to Dodge Data & Analytics. The increase followed the 10% gain reported for May, as total construction starts continued to strengthen following April’s subdued performance.
Read MoreTag: Dodge Data
Dodge Momentum Index Increases in June
The Dodge Momentum Index moved 4.0% higher in June to 146.1 (2000=100) from the revised May reading of 140.5. 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. The June increase for…
Read MoreInside the Dodge Report
June 20, 2019 – Dodge Data and Analytics released its latest construction-starts report. Highway and bridge construction eased back 2% in May following 8% improvement over the previous two months. May is traditionally the start of warmer weather, so it is surprising to see a decline. However, weather conditions have been sketchy, to say the least. The top five states in…
Read MoreMay Construction Starts Advance 10%
At a seasonally adjusted annual rate of $757.0 billion, new construction starts in May climbed 10% from April, according to Dodge Data & Analytics. The increase continues the double-digit swings that were reported during the previous two months, when a 16% hike for total construction starts in March was followed by a 15% decline in April.
Read MoreDodge Momentum Index Falls in May
The Dodge Momentum Index fell 1.0% in May to 141.0 (2000=100) from the revised April reading of 142.4. 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 MoreConstruction Starts Fall Hard in April; Highways Up
The value of new construction starts in April fell 15% to a seasonally adjusted annual rate of $685.2 billion, pulling back following the 16% hike that was reported in March, according to Dodge Data & Analytics. Steep declines were registered by two of the three main construction sectors.
Read MoreDodge Momentum Index Flat in April
The Dodge Momentum Index fell 0.5% in April to 144.3 (2000=100) from the revised March reading of 145.1. 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. The retreat in April was…
Read MoreTurning the Corner
April 18, 2019 – Maybe we have turned the corner in 2019. According to Dodge Data & Analytics, highway and bridge construction starts in March grew 4%, showing improvement after declines in January (down 5%) and February (down 6%). According to Robert A. Murray, the organization’s chief economist, the passage of federal appropriations for fiscal year 2019 in mid-February seems to be helping the public works sector. The…
Read MoreMarch Construction Starts Surge 16%
New construction starts in March advanced 16% from the previous month to a seasonally adjusted annual rate of $809.2 billion, according to Dodge Data & Analytics. The substantial gain followed a lackluster performance during the first two months of 2019, as total construction starts in March were able to climb back to a level slightly above the average monthly pace during 2018.
Read MoreDodge Momentum Index Up Slightly
The Dodge Momentum Index increased 0.5 percent in March to 145.5 (2000=100) from the revised February reading of 144.8. 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 More