Total construction starts increased 4% in October to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge Construction Network. Nonresidential building starts grew 14%, nonbuilding starts moved 2% higher, while residential building starts fell 3%. On a year-to-date basis through October, total construction starts were up 3% from the first 10 months of 2023. Residential starts were up…
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Construction Starts Jump 10% in July
Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential buildings and infrastructure starts performed strongly during the month, countering a decline in residential starts. During the month, nonresidential buildings rose 25% and infrastructure starts increased by 19%. Residential starts fell 8% during the month. On a…
Read MoreConstruction Starts Fall 19% in June
Total construction starts lost 19% in June, falling to a seasonally adjusted annual rate of $1.0 trillion, according to Dodge Construction Network. Much of the decline was due to a stark decline in utility/gas starts following a strong May that saw several megaprojects get underway. Highway and bridge starts gained 5%. During the month, nonbuilding starts fell 46% (following a…
Read MoreConstruction Starts Rise 10% in May
Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. Nonbuilding starts gained an impressive 49% during the month, driven by the start of an offshore wind project and an LNG facility, while residential starts lost 7% and nonresidential building starts were down 2%. On a year-to-date basis through…
Read MoreConstruction Starts Up Slightly in January
Total construction starts grew 1% in January to a seasonally adjusted annual rate of $1.16 trillion, according to Dodge Construction Network. Nonbuilding starts rose 9% during the month, while nonresidential building starts fell 2% and residential starts were flat. Highway and bridge starts improved 9%. For the 12 months ending January 2024, total construction starts were down 1% from the…
Read MoreConstruction 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…
Read MoreConstruction Starts Drop, Highways Rise in October
Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively. Conversely, nonresidential building starts gained 8% during the month. Highway and bridge starts improved 6% in October. Year-to-date through October 2023, total construction starts were 4% below that of 2022.…
Read MoreConstruction 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%…
Read MoreConstruction 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%…
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%…
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