By Mark S. Kuhar Nonresidential Building Surged, Residential Building Resumed Its Upward Track.
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November Construction Retreats; Residential Still Up
At a seasonally adjusted annual rate of $524.8 billion, new construction starts in November fell 11 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed heightened activity in October, which showed the strongest pace for construction starts so far during 2013.
Read MoreDodge Momentum Index Rises in November
The Dodge Momentum Index rose 2.8 percent in November compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. 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 MoreLooking into the Crystal Ball
As 2013 winds down, experts are starting to get a better idea of how 2014 is going to look. McGraw Hill Construction, part of McGraw Hill Financial, just released its 2014 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2014 will rise 9 percent to $555.3 billion,…
Read MoreSeptember Construction Climbs 13 Percent
By Mark S. Kuhar Nonresidential Building Bounced Back After Losing Momentum In August, But Bridge Work Took A Tumble.
Read MoreJuly Construction Recedes 2 Percent
By Mark S. Kuhar New Construction Starts In July Decreased 2 Percent, While Highway Construction Dropped 22 Percent. New construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The nonbuilding construction sector, comprised of public works and electric utilities, pulled back in…
Read MoreNew Construction Starts to Climb 6 Percent in 2013
New construction starts are forecast to rise 6 percent this year to $506 billion, according to the Midyear Update to the 2013 Construction Outlook from McGraw Hill Construction, a division of McGraw Hill Financial. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8 percent gain that took place in…
Read MoreJune Construction Settles Back One Percent
New Construction Starts In June Receded 1 Percent, But Highway Construction Took A Huge Leap Forward. By Mark S. Kuhar
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