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Tag: Construction starts

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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May Construction Starts Climb 15 Percent

At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15% from April, according to Dodge Data & Analytics.  The increase follows a 12% decline in April, and shows total construction activity reaching the highest level reported over the past eight months.  The lift in May came from substantial gains for nonbuilding construction, up 39%; and nonresidential building, up 18%; as both sectors benefited from the start of several very large projects.

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Dodge Momentum Index Moves Higher in April

The Dodge Momentum Index jumped 6.1% in April to 163.0 (2000=100) from the revised March reading of 153.7. Over the last two months the commercial portion of the Momentum Index has posted the most aggressive growth, fueled by continued low vacancy rates for commercial buildings as well as the potential benefits from the tax cuts passed in December.

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January/February 2019 PRISM featuring acoustics in education facility design, 2019 color trends in commercial spaces, window films, and healthcare facility projects: Inspira Medical Center and the Palos Health South Campus. Plus a look at the Pittsburgh International Airport’s Terminal Modernization Program and feature article "Transforming a quick stop into a memorable stay through the power of design" by Olga Gorbunova, Principal, Stantec.

January/February 2019 PRISM featuring acoustics in education facility design, 2019 color trends in commercial spaces, window films, and healthcare facility projects: Inspira Medical Center and the Palos Health South Campus.

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