Construction Starts Gain 6% in April; Highways Up

Total construction starts rose 6% in April to a seasonally adjusted annual rate of $1.13 trillion, according to Dodge Construction Network. Nonresidential building starts gained 17%, nonbuilding starts were 4% higher, while residential starts slipped 1%.  On a year-to-date basis through April total construction starts were up 13% from the first four months of 2023. Residential starts were up 22%,…

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Construction Starts Dip 1% in March; Highways Up

Total construction starts fell 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. Nonresidential building starts fell 9%, while nonbuilding starts improved by 7%, and residential starts moved 1% higher.  Highway and bridge starts rose 15%. On a year-to-date basis through March total construction starts were up 13% from the first three…

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Construction Starts Hit 10-Month Low

Total construction starts fell 15% in November, dropping to a seasonally adjusted annual rate of $927 billion, according to Dodge Construction Network. Nonresidential building starts fell 29% during the month, residential starts lost 6%, and nonbuilding starts dropped 2%. Highway and bridge starts were down 8%. Year-to-date through November 2023, total construction starts lagged by 4% compared to the previous…

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Construction Starts Drop in September, Fewer Megaprojects Move Forward

Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…

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Construction Starts Drop 6% as Fewer Megaprojects Move Forward

Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential starts lost 4%, residential starts declined 6%, and nonbuilding starts fell 9%. Highway and bridge starts fell 15%. Year-to-date through September 2023, total construction starts were 3% below that of 2022. Residential and nonresidential starts were down 17%…

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Construction Starts Increase in August; Highways Surge

Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…

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Total Construction Starts Dip in June

Total construction starts fell 9% in June to a seasonally adjusted annual rate of $1 trillion, according to Dodge Construction Network. Nonresidential starts led the downturn, falling 14%. Nonbuilding starts fell 9%, and residential starts lost 4%. Highway and bridge starts also gained 19%.  Year-to-date through June 2023, total construction starts were 5% below that of 2022. While residential and…

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Total Construction Starts Slip in April; Highways Rise Higher

Total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building starts gained 12%.  On a year-to-date basis through April, total construction starts were 7%…

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Total Construction Starts Fall in January; Highways Up.

Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%. Highway and bridge starts rose 1%.  Comparatively, total construction was 14% lower in January 2023 than in January 2022. Nonresidential building…

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Total Construction Starts Fall in November

Total construction starts fell 18% in November to a seasonally adjusted annual rate of $926.3 billion, according to Dodge Construction Network. During the month, nonresidential building starts lost 25%, nonbuilding shed 21%, and residential starts dropped 5%. Highway and bridge starts fell 32%. Year-to-date, total construction starts were 14% higher in the first 11 months of 2022 compared to the…

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