The Dodge Momentum Index moved 5.3 percent higher in November to 159.7 (2000=100) from the revised October reading of 151.7. The Momentum Index 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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New Construction Starts Climb 21 Percent; Highways Soar
New construction starts in October climbed 21 percent to a seasonally adjusted annual rate of $864.0 billion, according to Dodge Data & Analytics. The substantial increase followed three straight months of decline, during which the pace of total construction starts fell 22 percent from the exceptionally strong volume reported back in June.
Read MoreDodge Releases 2019 Construction 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 MoreSeptember Construction Starts Settle Back 5 Percent
New construction starts in September fell 5 percent from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9 percent declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after reaching the current year’s high in June.
Read MoreAugust Construction Starts Fall 9 Percent
The value of new construction starts in August decreased 9 percent from the previous month to a seasonally adjusted annual rate of $741.9 billion, according to Dodge Data & Analytics. The August downturn for total construction starts matched the 9 percent decline reported for July, as activity in the latest two months pulled back after the sharp increases in May (up 14 percent)…
Read MoreNew Construction Starts in July Slide 9 Percent
At a seasonally adjusted annual rate of $817.4 billion, new construction starts in July fell 9 percent from the elevated pace reported in June, according to Dodge Data & Analytics. The latest month’s decline followed strong gains for total construction starts during the previous two months, with May up 14 percent and June up 11 percent.
Read MoreJune Construction Starts Jump 11 Percent
New construction starts in June climbed 11 percent to a seasonally adjusted annual rate of $896.3 billion, according to Dodge Data & Analytics. The increase marked the second double-digit gain in a row, following the 15 percent hike that was reported for May. Highway and bridge construction was up 25 percent.
Read MoreDodge Momentum Index Moves Higher in June
The Dodge Momentum Index grew 0.8 percent in June to 165.5 (2000=100) from the revised May reading of 164.2. The Momentum Index 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 MoreMay Construction Starts Climb; Highways Plummet
At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15 percent from April, according to Dodge Data & Analytics. The increase follows a 12 percent decline in April, and shows total construction activity reaching the highest level reported over the past eight months.
Read MoreDodge Momentum Index Inches Up in May
The Dodge Momentum Index achieved a small gain in May, moving 1.8 percent higher to 167.8 (2000=100) from the revised April reading of 164.9. The Momentum Index 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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