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Tag: Construction starts

Total construction starts slip in June

Posted by | Jul 23, 2021 | 0 |

Total 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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Construction starts fall in May as residential stumbles

Construction starts fall in May as residential stumbles

Posted by | Jun 17, 2021 | 0 |

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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February sees further decline in national construction starts

February sees further decline in national construction starts

Posted by | Mar 16, 2021 | 0 |

Total construction starts fell 2% in February to a seasonally adjusted annual rate of $797.3 billion, according to Dodge Data & Analytics. Nonbuilding construction starts posted a solid gain after rebounding from a weak January, however, residential and nonresidential building starts declined, leading to a pullback in overall activity.

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Construction starts down to start 2021

Construction starts down to start 2021

Posted by | Feb 18, 2021 | 0 |

Total construction starts dropped 4% in January to a seasonally adjusted annual rate of $794.3 billion, according to Dodge Data & Analytics. Nonresidential building starts were flat in January, while nonbuilding starts dropped 10% and residential starts were 4% lower.

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Construction starts end 2020 on a sour note

Construction starts end 2020 on a sour note

Posted by | Jan 19, 2021 | 0 |

Total construction starts lost 5% in December, falling to a seasonally adjusted annual rate of $784.3 billion according to a new report by Dodge Data & Analytics. Nonresidential building starts fell 11% during the month, while nonbuilding starts were 5% lower.

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Construction starts rebound in October

Construction starts rebound in October

Posted by | Nov 17, 2020 | 0 |

Total construction starts rose 12% in October to a seasonally adjusted annual rate of $787.9 billon. While sizeable, the increase does not erase September’s substantial pullback in starts. All three major categories moved higher over the month, nonbuilding starts rose 25%, nonresidential buildings increased 19%, while residential activity gained 2%. “October’s gain was welcome news following the large step back in starts during the previous month,” stated Richard Branch, Chief Economist for Dodge Data & Analytics. “The month’s increase, however, does not mean all is well with the economy and construction sector. The economy lost traction as the stimulus provided by the CARES Act ended. With the next wave of COVID-19 infections looming, the economy will continue to lose steam until more fiscal stimulus is provided and a vaccine has been widely adopted. Until that has occurred, the construction sector will continue to be volatile.”

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Dodge Data & Analytics expects construction starts to recover in 2021

Dodge Data & Analytics expects construction starts to recover in 2021

Posted by | Nov 11, 2020 | 0 |

Dodge Data & Analytics yesterday released its 2021 Dodge Construction Outlook. “The COVID-19 pandemic and recession has had a profound impact on the U.S. economy, leading to a deep drop off in construction starts in the first half of 2020,” stated Richard Branch, Chief Economist for Dodge Data & Analytics. “While the recovery is underway, the road to full recovery will be long and fraught with potential potholes. After losing an estimated 14% in 2020 to $738 billion, total construction starts will regain just 4% in 2021.”

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Construction starts fall 18% in September

Construction starts fall 18% in September

Posted by | Oct 15, 2020 | 0 |

Dodge Data & Analytics reported today that total construction starts dipped 18% in September to a seasonally adjusted annual rate of $667.7 billion, essentially taking back August’s gain. While some of this decline is certainly payback from several large projects entering start in August, the drop in activity brought total construction starts below levels seen in June and July.

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