Total construction starts fell 3% in July to a seasonally adjusted annual rate of $854.8 billion, according to Dodge Data & Analytics. There were few bright spots during the month, with all three sectors (residential, nonresidential building and nonbuildings) moving lower in July.
Read MoreTotal construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month. Single family housing starts are feeling the detrimental effects of rising materials prices. Large projects that broke ground in May were absent in June for nonresidential building and nonbuilding starts, resulting in declines.
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Following six months of consecutive gains, the Dodge Momentum Index fell to 165.8 (2000=100) in June, down 5% from the revised May reading of 175.1. The decline in June was the result of losses in both institutional planning, which fell 7%, and commercial planning, which lost 4%.
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The Fenestration and Glazing Industry Alliance (FGIA) has released new technical manual providing generic design considerations for cavity compensation for insulating glass (IG) units and determining conditions which impact the pressure in the IG unit cavity. IGMA TM 3200-21, “Design Considerations for IG Unit Cavity Pressure Compensation,” is FGIA’s newest technical manual.
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Total construction starts dropped 1% in May to a seasonally adjusted annual rate of $902.8 billion, according to Dodge Data & Analytics. The brunt of the decline was borne by residential starts, while nonresidential and nonbuilding starts continued their recovery from the COVID-19 pandemic.
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Total construction starts fell 2% in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Single family construction posted a sizeable decline following months of strong activity, while nonresidential building and nonbuilding starts both gained.
Read MoreThe American Concrete Institute has released the new ACI Reinforced Concrete Design Handbook as a three-volume handbook providing guidance to professionals engaged in the design of reinforced concrete structures. The ACI Reinforced Concrete Design Handbook is available in print, as a digital download, and as part of the new ACI 318 PLUS subscription.
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The Dodge Momentum Index posted an 8.6% gain in April. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than one percent.
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The Fenestration and Glazing Industry Alliance (FGIA) has released the FGIA 2020/2021 U.S. Industry Statistical Review and Forecast. This report delivers timely information on window, door and skylight market trends and product relationships.
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Total construction starts rose 2% in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics. A solid gain in nonresidential building starts fueled the March gain, while growth in residential starts was minuscule and nonbuilding starts fell outright.
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