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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Dodge Momentum Index Declines in July
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 0.9% in July to 193.4 (2000=100) from the revised June reading of 195.1. Over the month, the commercial component of the DMI remained relatively flat, ticking down 0.2%, while the institutional component fell 1.9%. The DMI is a monthly measure of the initial report for nonresidential building projects in…
Read MoreTotal 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…
Read MoreTotal 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%…
Read MoreDodge Momentum Index Slides 2% in May
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 2.0% in May to 180.5 (2000=100) from the revised April reading of 184.1. Over the month, the commercial component of the DMI fell 6.1%, while the institutional component improved 5.6%. “The DMI dipped in May amid sustained weakness in commercial planning activity,” stated Sarah Martin, associate director of forecasting…
Read MoreTotal Construction Starts Slip in April
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 stats gained 12%. On a year-to-date basis through April, total construction starts were 7%…
Read MoreTotal 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…
Read MoreTotal Construction Starts Increase in December
Total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion, according to Dodge Construction Network. During the month, nonresidential building starts increased 51%, nonbuilding starts increased 30%, and residential starts rose less than one percent. Across 2022, total construction starts were 15% higher than in 2021. Nonresidential building starts rose 38% over the year,…
Read MoreTotal 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…
Read MoreTotal Construction Starts Increase in October; Highway Starts Soar
Total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion, according to Dodge Construction Network. In October, nonresidential building starts gained 9%, and nonbuilding starts rose 26%; however, residential starts fell by 3%. Highway and bridge starts rose a startling 57%. Year-to-date, total construction was 16% higher in the first 10 months of 2022…
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