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Category: Reports and Stats

March construction starts led by public works sector

New construction starts in March increased 5% to a seasonally adjusted annual rate of $743.7 billion, marking the third straight monthly gain, according to Dodge Data & Analytics. The total construction growth in March was led by the nonbuilding construction sector, and particularly by public works which featured the start of two large pipeline projects – the $4.2 billion Rover natural gas pipeline in Ohio and Michigan, and the $2.5 billion Mariner East 2 propane and natural gas liquids pipeline in Pennsylvania.

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Dodge Momentum Index springs forward in March

The Momentum Index has now risen for six consecutive months, with much of the gain being driven by institutional projects entering planning while commercial projects so far in 2017 have receded slightly. The institutional portion of the Momentum Index rose 3.7% in March, and is 23.0% higher than the end of 2016.

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February construction starts advance 2 percent

At a seasonally adjusted annual rate of $706.4 billion, new construction starts in February rose 2% from the previous month, according to Dodge Data & Analytics. This was the second straight monthly increase, following a 15% hike in January, as construction starts regained the upward track following four consecutive monthly declines to close out 2016.

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Dodge Momentum Index increases in February

February’s increase was due to a 4.4% jump in institutional planning, while commercial planning slipped slightly, falling 0.3% for the month. The Momentum Index has now increased for five consecutive months; however, the underlying components continue to be volatile on a month-to-month basis as large projects continue to sway the data.

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January construction starts jump 12 percent

The value of new construction starts in January climbed 12% 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 York NY as well as groundbreaking for several other large airport terminal projects.

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Dodge Momentum Index moves higher in January

The Dodge Momentum Index rose 3.9% in January to 142.6 (2000=100) from its revised December reading of 137.3. The move higher in January was due to a 12.1% increase in institutional planning outweighing a 1.0% decline in commercial planning intentions. Despite the decline in commercial planning in January, that portion of the Momentum Index remains near its eight-year high, and suggests that commercial building will see renewed strength in 2017.

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New construction starts in December slide

New construction starts in December slipped 5% 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 the same time, nonresidential building in December held steady with its November pace, and residential building was able to register moderate growth.

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Dodge Momentum Index jumps in December

The Dodge Momentum Index increased 2.9% 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.

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GRAMMY Museum® Mississippi features Tubelite curtainwall and entrances

The new 28,000-square-foot GRAMMY Museum® Mississippi opened in March 2016. The one-story museum’s façade and 30-foot-tall lobby features Tubelite Inc.’s curtainwall and entrance systems. Owned and operated by the Cleveland Music Foundation, the Museum is located in Cleveland, Mississippi near the campus of Delta State University, home of the Delta Music Institute, which features the most unique audio recording facilities in the South.

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Sizing up the global building-integrated photovoltaics market

According to a recent market study released by Technavio, the global building-integrated photovoltaics (BIPV) market is expected to grow at a CAGR of almost 10% during the forecast period. The report “Global Building-Integrated Photovoltaics Market 2017-2021” provides an in-depth analysis of the market in terms of revenue and emerging market trends, as well as up-to-date analyses and forecasts for various market segments and all geographical regions.

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Cradle to Cradle Certified products

The Cradle to Cradle program certifies products based on five quality categories—material health, material reutilization, renewable energy and carbon management, water stewardship, and social fairness. Click here to see a list of building supply & materials, as well as other products, that are Cradle to Cradle certified.

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