Tag: Dodge Data & Analytics

Dodge Momentum Index Increases in July

In July, the commercial component of the Momentum Index grew by 3.3%, while the institutional component fell 1.5%.  The headline Momentum Index has risen steadily since its slippage during the third quarter of 2017.  Stronger economic growth and the support from still-healthy real estate market fundamentals (occupancies and rents) have contributed to these gains for construction projects at the planning stage, which have yet to be restrained by the uncertainty arising from higher material costs and higher interest rates. 

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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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March National Starts: Audio Commentary from Robert Murray

New construction starts in March increased 11% from the previous month to a seasonally adjusted annual rate of $785.2 billion, according to Dodge Data & Analytics. The substantial gain followed modest declines in January (down 2%) and February (down 3%), and brings the pace of total construction starts to the highest level over the past six months.

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New Construction Starts in February Recede 3 Percent

The institutional categories as a group increased 5% in February, boosted by a 52% surge for new healthcare facilities.  There were six healthcare facilities valued each at $100 million or more entered as February starts, led by the $400 million Boston Children’s Clinical Building in Boston MA, the $320 million Prince George’s County Regional Hospital in Upper Marlboro MD, and the $180 million expansion to the University of Mississippi Medical Center Children’s Hospital in Jackson MS. 

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U.S. Census Bureau Awards Contract to Dodge Data & Analytics

Dodge Data & Analytics has been awarded a multi-year contract to continue providing data for U.S. Construction Projects Started to the U.S. Department of Commerce Census Bureau. The Dodge projects are a key input to the Nonresidential Construction Spending forecast that tracks the monthly value of Construction Put in Place.

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Construction starts fall in October

New construction starts in October dropped 9% to a seasonally adjusted annual rate of $742.9 billion, pulling back after a 14% jump in September, according to Dodge Data & Analytics. 

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Dodge Momentum Index recovers in October

The Dodge Momentum Index rose in October, climbing 13.2% to 130.9 (2000=100) from the revised September reading of 115.6. The move higher in October nearly reversed the erosion of the past four months (including September’s 7.9% decline), with October posting healthy gains in both sectors.

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May-June-2018 PRISM

Editor’s pick – Takeda Global Headquarters

Takeda Global Headquarters in Nihonbashi, Tokyo, Japan. In the 1st floor entrance space, a large circular stone filled with flowing water and light symbolizes “the source of life”, and wooden artwork made of three-dimensional kanji motifs for “water” and “light” lines the walls.

Takeda Global Headquarters in Nihonbashi, Tokyo, Japan. In the 1st floor entrance space, a large circular stone filled with flowing water and light symbolizes “the source of life”, and wooden artwork made of three-dimensional kanji motifs for “water” and “light” lines the walls.

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