Tag: Construction starts

November 17, 2023

Overall construction starts are expected to rise 7% in 2024, following a 1% increase in 2023, Richard Branch, chief economist at Dodge Construction Network, said during the 2024 Dodge Construction Outlook presented on Nov. 17. The 2023 increase will bring […]

February 23, 2023

Construction starts fell 27% in January compared to December, but the drop is not necessarily a sign of an ongoing slowdown, according to Dodge Construction Network’s chief economist, Richard Branch. January construction starts totaled a seasonally adjusted rate of $865.6 […]

February 2, 2023

The top 10 metropolitan areas accounted for 40% of all commercial and multifamily starts in the U.S., up from 37% in 2021, according to the report. Commercial and multifamily starts consist of office, stores, hotels, warehouses, commercial garages and multifamily […]

November 17, 2022

Following two consecutive declines in starts during August and September, Branch maintained last month that that the drop should “not be seen as a precursor to a cyclical pullback in the industry.” Now, October’s rebound lends credence to that call, […]

August 16, 2022

The onshoring trend continues to make a substantial impact on total construction starts, according to Dodge. Three large manufacturing plants and two multi-billion-dollar LNG export facilities largely accounted for the 48% gain in total construction starts. The three manufacturing projects […]

July 28, 2022

Despite ongoing challenges like shortages of key materials and labor, rising prices and higher interest rates, the pandemic recovery continues for the construction industry. Growth morphed this year beyond warehouses and single-family housing to include improvement in other commercial sectors […]

July 9, 2020

Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts. When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip. […]

August 13, 2018

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 […]

October 5, 2016

New construction starts in August soared 21% to a seasonally adjusted annual rate of $711.2 billion following lackluster activity in July, says Dodge Data & Analytics. The August rise for total construction starts featured an especially elevated amount for nonresidential […]