Total construction starts declined 5% from February to March to a seasonally adjusted annual rate of $746.9 billion, according to Dodge Data & Analytics. Volatility caused by the presence or absence of large projects in healthcare and the utility/gas plant category, however, skewed the analysis. In March, nonresidential building starts fell 9% from February (seasonally adjusted), while residential building dropped 11%. Nonbuilding construction starts, however, rose 14% during…
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Construction Starts Lower in January; Highways Up
Total construction starts slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according to Dodge Data & Analytics. All three major categories moved lower in January – residential building starts fell 8%, nonresidential building lost 6%, and nonbuilding starts moved 2% lower.
Read MoreOctober Construction Starts Fall 11%; Highways Up
New construction starts declined 11% in October to a seasonally adjusted annual rate of $696.3 billion, according to Dodge Data & Analytics. This is the third consecutive monthly drop in construction starts activity.
Read MoreJune Construction Starts Climb 9%
New construction starts in June advanced 9% from the previous month to a seasonally adjusted annual rate of $832.7 billion, according to Dodge Data & Analytics. The increase followed the 10% gain reported for May, as total construction starts continued to strengthen following April’s subdued performance.
Read MoreMay Construction Starts Advance 10%
At a seasonally adjusted annual rate of $757.0 billion, new construction starts in May climbed 10% from April, according to Dodge Data & Analytics. The increase continues the double-digit swings that were reported during the previous two months, when a 16% hike for total construction starts in March was followed by a 15% decline in April.
Read MoreJanuary Construction Starts Rise 2 Percent
The value of new construction starts in January advanced 2 percent compared to December, reaching a seasonally adjusted annual rate of $722.5 billion, according to Dodge Data & Analytics. The slight gain followed the loss of momentum that was reported towards the end of 2018, with total construction declines of 7 percent in November and 10 percent in December.
Read MoreNew Construction Starts
At a seasonally adjusted annual rate of $789.3 billion, new construction starts in November decreased 7 percent from October’s elevated amount, according to Dodge Data & Analytics. Most of the total construction decline in the latest month was the result of nonresidential building pulling back 15 percent after its 43 percent surge in October.
Read MoreNew Construction Starts in November Slip 7 Percent
At a seasonally adjusted annual rate of $789.3 billion, new construction starts in November decreased 7 percent from October’s elevated amount, according to Dodge Data & Analytics. Most of the total construction decline in the latest month was the result of nonresidential building pulling back 15 percent after its 43 percent surge in October.
Read MoreDodge Releases 2019 Construction Outlook
Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018.
Read MoreSeptember Construction Starts Settle Back 5 Percent
New construction starts in September fell 5 percent from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9 percent declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after reaching the current year’s high in June.
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