The Dodge Momentum Index lost 4.4 percent in February, falling to 146.9 (2000=100) from the revised January reading of 153.6. 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.
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January Construction Starts Rise 2 Percent
The value of new construction starts in January advanced 2 percent compared to December, reaching a seasonally adjusted annual rate of $722.5 billion, according to Dodge Data & Analytics. The slight gain followed the loss of momentum that was reported towards the end of 2018, with total construction declines of 7 percent in November and 10 percent in December.
Read MoreDodge Momentum Index Recovers in January
The Dodge Momentum Index rose 4.7percent in Januaryto 157.7 (2000=100) from the revised December reading of 150.6. 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 MoreConstruction Starts Flat for Full-Year 2018
For 2018 as a whole, total construction starts increased a slight 0.3 percent to $789.0 billion, according to Dodge Data & Analytics. This came after 7 percent gains in both 2016 and 2017, as well as 11 percent to 14 percent gains from 2012 through 2015.
Read MoreNew Construction Starts in December Decline 10 Percent
New construction starts in December fell 10 percent to a seasonally adjusted annual rate of $708.9 billion, continuing to retreat after November’s 7 percent slide, according to Dodge Data & Analytics.
Read MoreIndustry Economists Sound Off on Government Shutdown
As the government shutdown enters its second month, the question becomes, what impact will a long-term shutdown have on the construction and aggregates industries? Rock Products reached out to industry economists and analysts for an answer.
Read MoreDodge Momentum Index Lower in December; Up for Year
The Dodge Momentum Index fell 4.9 percent in December to 151.9 (2000=100) from the revised November reading of 159.7. 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 Outlook
Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018.
Read MoreNew Construction Starts
At a seasonally adjusted annual rate of $789.3 billion, new construction starts in November decreased 7 percent from October’s elevated amount, according to Dodge Data & Analytics. Most of the total construction decline in the latest month was the result of nonresidential building pulling back 15 percent after its 43 percent surge in October.
Read MoreNew Construction Starts in November Slip 7 Percent
At a seasonally adjusted annual rate of $789.3 billion, new construction starts in November decreased 7 percent from October’s elevated amount, according to Dodge Data & Analytics. Most of the total construction decline in the latest month was the result of nonresidential building pulling back 15 percent after its 43 percent surge in October.
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