The value of new construction starts in January climbed 12 percent to a seasonally adjusted annual rate of $690.2 billion, according to Dodge Data & Analytics. After losing momentum during last year’s fourth quarter, nonresidential building strengthened in January, with much of the lift coming from the start of the $3.4 billion Central Terminal Building at LaGuardia Airport in New…
Read MoreTag: Nonresidential building
New Construction Starts in December Slide 5 Percent
Highways Also Down; Annual Construction Finishes Year Up 1 Percent to $676.5 Billion. By Mark S. Kuhar
Read MoreDodge Momentum Index Moves Higher
The Dodge Momentum Index rose 3.9 percent in January to 142.6 (2000=100) from its revised December reading of 137.3. 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 MoreConstruction Starts in 2016 Advance Only 1 Percent
For all of 2016, total construction starts advanced 1 percent to $676.5 billion, a considerably smaller gain than the 11 percent increase reported for 2015, according to Dodge Data & Analytics. If the volatile manufacturing plant and electric utility/gas plant categories are excluded, total construction starts in 2016 would be up 4 percent, depicting a more gradual deceleration relative to…
Read MoreNew Construction Starts in December Slide 5 Percent
New construction starts in December slipped 5 percent to a seasonally adjusted annual rate of $613.0 billion, according to Dodge Data & Analytics. The latest month’s decline for total construction was due to sharply reduced activity for the nonbuilding construction sector, reflecting further erosion by public works as well as a steep plunge by the electric utility/gas plant category. At…
Read MoreNew Construction Starts in November Slip 6 Percent
Nonbuilding Construction Descended 9 Percent; Highway And Bridge Construction Fell 16 Percent. By Mark S. Kuhar
Read MoreDodge Momentum Index at Eight-Year High
The Dodge Momentum Index increased 2.9 percent in December to 136.7 (2000=100) from its revised November reading of 132.8. 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 MoreNew Construction Starts in November Slip 6 Percent
At a seasonally adjusted annual rate of $638.3 billion, new construction starts in November retreated 6 percent from October, according to Dodge Data & Analytics. Each of the three major construction sectors experienced reduced activity in November.
Read MoreNew Construction Starts in 2017 Predicted to Increase 5 Percent
Dodge Data & Analytics released its 2017 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2017 will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in 2016.
Read MoreOctober Construction Starts Recede 4 Percent
Residential Building Shows Moderate Growth; Highways Down 4 Percent. By Mark S. Kuhar
Read More