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 toward the end of 2018, with total construction declines of 7 percent in November and […]
During the first half of 2017, eight of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Analytics. At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the ten markets, […]
Most leading U.S. metropolitan areas for commercial and multifamily construction starts showed sizeable gains in 2016 compared to 2015, according to Dodge Data & Analytics. However, New York City, the top metropolitan market by dollar amount, retreated 15 percent to $29.8 billion following its 67-percent surge to $35.2 billion in 2015.
Three quarters of contractors and building owners have experienced a dispute or claim in the last three years, and 91 percent say increased collaboration can help mitigate future risk, according to a new report from Dodge Data & Analytics.
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, as nonresidential building in December held steady with its November pace, and residential building was […]
School construction will drive the institutional segment of the nonresidential building category in 2017, as projected by Dodge Data & Analytics in its 2017 Dodge Construction Outlook report.
The commercial building sector has been on a “roller coaster ride” over the past decade, according to Dodge Data & Analytics chief economist Robert Murray. Heading into 2017, that ride should continue its upward trajectory from the year before.
The Dodge Momentum Index fell 3.7 percent in November to 119.9 (2000=100) from its October reading of 124.5. 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.
The current construction expansion will continue through the coming year, according to projections by Dodge Data & Analytics. The company held its annual Dodge Outlook Conference in Washington, D.C., Friday, releasing its 2016 Outlook report as chief economist Robert Murray took the stage. Murray gave a presentation on the current state of the construction economy […]
The 2016 Dodge Construction Outlook Conference was held last Friday in Washington, D.C., and from the beginning, it was all about the economy. Beth Ann Bovino, U.S. chief economist at Standard & Poor’s (S&P), gave attendees an update on the U.S. financial recovery from the perspective of “what matters to the Fed?” “Optimism seems to be […]
