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Tag: Construction starts

First half 2019 commercial and multifamily construction starts show mixed results by metropolitan areas

Last week, Dodge Data & Analytics released the First Half 2019 Commercial and Multifamily Construction Starts for the Top 20 metropolitan areas in the U.S. Within the top ten markets, six reported greater activity in 2019 and out of the top twenty markets, thirteen were able to register gains. At the national level, the volume of commercial and multifamily construction starts in 2019 was $101.4B, down 6% from last year’s $107.4 billion.

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June construction starts increase, while first six months down from a year ago

According to Dodge Data & Analytics, new construction starts in June advanced 9% from the previous month with increases in nonresidential building, office buildings, public buildings, healthcare facilities, and warehouses. However, through the first six months of 2019, total construction starts on an unadjusted basis were down 8% from the same period a year ago.

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Construction starts in February drop 3 percent

According to Dodge Data & Analytics, two of the three main construction sectors registered weaker activity in February – nonbuilding construction fell 8 percent, due to a pullback by its public works segment, while residential building slipped 3 percent. Meanwhile, nonresidential building in February was able to hold steady with its January pace.

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Dodge Momentum Index falters in February

In February, nine projects each with a value of $100 million or more entered planning. The leading commercial building projects were the $200 million Keurig/Dr. Pepper office project in Frisco TX and a $200 million mixed-use development in San Jose CA.

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2018 Commercial and multifamily construction starts showed mixed performance across top metros

Dodge Data & Analytics announced the leading U.S. metropolitan areas for commercial and multifamily construction starts registered a varied performance during 2018 compared to the previous year. Of the top ten markets, ranked by the dollar amount of construction starts, four reported greater activity in 2018 while six showed declines. At the national level, the volume of commercial and multifamily construction starts in 2018 was $212.4 billion, up 4%, which represented a moderate rebound after a 3% setback in 2017.

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October Construction Starts Rebound

New construction starts in October climbed 21% to a seasonally adjusted annual rate of $864.0 billion, according to Dodge Data & Analytics.  The substantial increase followed three straight months of decline, during which the pace of total construction starts fell 22% from the exceptionally strong volume reported back in June. 

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New Construction Starts Forecast to Hold Steady in 2019

Dodge Data & Analytics October 25, 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. 

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August Construction Starts Fall 9 Percent

The value of new construction starts in August decreased 9% from the previous month to a seasonally adjusted annual rate of $741.9 billion, according to Dodge Data & Analytics. By major sector, weaker activity was reported in August for nonresidential building, down 19%; and residential building, down 7%.  On the plus side, nonbuilding construction in August advanced 6%, reflecting a steady performance by public works as well as improvement for electric utilities following depressed activity earlier this year. 

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First Half 2018 Commercial and Multifamily Construction Starts Show Mixed Performance

During the first half of 2018, five of the top ten metropolitan markets for commercial and multifamily construction starts ranked by dollar volume showed increased activity compared to a year ago, according to Dodge Data & Analytics.  Of the top twenty markets, eleven were able to register gains.  At the national level, the volume of commercial and multifamily construction starts during the first half of 2018 was $101.4 billion, down 1% from last year’s first half, although still 2% above what was reported during the first half of 2016. 

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Dodge Momentum Index Moves Higher in June

In June, the commercial component of the Momentum Index moved 1.1% higher, while the institutional component eked out a 0.3% gain. June’s advance marks the fifth straight monthly increase for the Momentum Index, which is now nearing a ten-year high, and suggests that the moderate strengthening of construction activity currently underway will continue through the end of 2018.

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Architects design pavilion with red petal facade. Overlapping shingles are composed of Alucobond Spectra Red tiles featuring a Lumiflon FEVE fluoropolymer resin topcoat. Photo credit: Keith Panel Systems

Architects design pavilion with red petal facade. Overlapping shingles are composed of Alucobond Spectra Red tiles featuring a Lumiflon FEVE fluoropolymer resin topcoat. Photo credit: Keith Panel Systems

Guide to Green Building – Product of the Week

Solarban 90 Solar Control Low-E Glass Solarban 90 glass combines industry-leading solar control performance with a true neutral-reflective clear-glass aesthetic. United with clear glass in a standard 1-inch IGU, Solarban 90 glass has a solar heat gain coefficient of 0.23, visible light transmittance of 51 percent and an LSG ratio of 2.22. Solarban 90 glass facilitates the use of smaller HVAC systems to reduce initial capital expenditures and long-term cooling costs. It also enables architects to design buildings with larger expanses of glass to promote daylighting, diminish the need for artificial lighting and connect building occupants to the outdoors. Mountain views, energy efficiency highlight new Ent Center at UC Colorado Springs. Photography by Tom Kessler

Solarban 90 Solar Control Low-E Glass Solarban 90 glass combines industry-leading solar control performance with a true neutral-reflective clear-glass aesthetic. United with clear glass in a standard 1-inch IGU, Solarban 90 glass has a solar heat gain coefficient of 0.23, visible light transmittance of 51 percent and an LSG ratio of 2.22. Solarban 90 glass facilitates the use of smaller HVAC systems to reduce initial capital expenditures and long-term cooling costs. It also enables architects to design buildings with larger expanses of glass to promote daylighting, diminish the need for artificial lighting and connect building occupants to the outdoors. Mountain views, energy efficiency highlight new Ent Center at UC Colorado Springs. Photography by Tom Kessler

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