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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Guide to Green Building – Product of the Week

The JEB 3Seal HM+ spacer offers significant aesthetic and energy-efficient advantages. The high-modulus silicone secondary seal minimizes PIB migration, providing clear, straight sightlines. It also offers 35 percent higher design strength, allowing for a narrower air cavity in an IGU, and 10.4 percent more argon gas retention than standard sealants, based on ASTM 2190 testing. An IGU incorporating the JEB 3Seal HM+ spacer will retain its argon gas longer over other insulating glass systems, maximizing energy savings and extending the units service life.

The JEB 3Seal HM+ spacer offers significant aesthetic and energy-efficient advantages. The high-modulus silicone secondary seal minimizes PIB migration, providing clear, straight sightlines. It also offers 35 percent higher design strength, allowing for a narrower air cavity in an IGU, and 10.4 percent more argon gas retention than standard sealants, based on ASTM 2190 testing. An IGU incorporating the JEB 3Seal HM+ spacer will retain its argon gas longer over other insulating glass systems, maximizing energy savings and extending the units service life.

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