constructionstarts
Manufacturing and infrastructure lead the sector with large gains, residential sees double-digit decline On a year-to-date basis through May, total construction starts were 6% below the first five months of 2022. Residential starts were down 25%, nonresidential starts were 1% lower, and nonbuilding starts gained 25%. For the 12 months ending May 2023, total construction starts were 9% higher than the 12 months ending May 2022. Nonbuilding starts were 30% higher, while nonresidential building starts gained 26%. However, on a 12-month rolling basis, residential starts posted a 15% decline. “May’...
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Despite economic woes and bank failures, construction shows strength across Q1 In Q1 of 2023, total construction starts were 9% below that of 2022. Year-to-date, residential starts were down 29%, nonresidential and nonbuilding starts grew 6% and 12% respectively. For the 12 months ending March 2023, total construction starts were 11% higher than the 12 months ending March 2022. Nonresidential and nonbuilding starts were 33% and 21% higher, respectively, while residential starts lost 11%. “Construction starts activity has yet to see the impact of tightening financial conditions in the wake of t...
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Manufacturing starts surge; single family, offsetting losses elsewhere Total Construction Starts Rise 6%For the first two months of 2023, total construction starts were 17% below that of 2022. On a year-over-year basis, residential starts were down 31%, nonresidential starts were off 14%, while nonbuilding starts gained 6%. For the 12 months ending February 2023, total construction starts were 9% higher than the 12 months ending February 2022. Q4 2022 hedge fund letters, conferences and more Nonresidential and nonbuilding starts were 27% and 19% higher respectively, while residential starts lo...
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Manufacturing and infrastructure projects lead large gains during the month Q4 2022 hedge fund letters, conferences and more Total Construction Starts Rise In DecemberAcross 2022, total construction starts were 15% higher than in 2021. Nonresidential building starts rose 38% over the year, nonbuilding starts were up 19%, and residential starts were down 3%. “December starts revealed where the current strength in the construction lies: manufacturing and infrastructure,” said Richard Branch, chief economist for Dodge Construction Network. “It is those segments that will provide insulation for th...
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Most sectors see pullback as fewer mega-projects break ground Q3 2022 hedge fund letters, conferences and more Year-to-date, total construction starts were 14% higher in the first 11 months of 2022 compared to the same period of 2021. Nonresidential building starts rose 36% over the year, residential starts were down 1%, and nonbuilding starts were up 16%. “Month-to-month volatility in construction activity continues to reign supreme as uncertainty mounts over the economy in 2023,” said Richard Branch, chief economist for Dodge Construction Network. “Higher interest rates and fear of recession...
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Nonresidential building and infrastructure lead the gains; residential starts slip Q3 2022 hedge fund letters, conferences and more Year-to-date, total construction was 16% higher in the first ten months of 2022 compared to the same period of 2021. Nonresidential building starts rose 37% over the year, residential starts remained flat, and nonbuilding starts were up 17%. Rise In Construction Starts“October’s gain in construction starts is a further sign that the construction sector continues to weather the storm of higher interest rates,” said Richard Branch, chief economist for Dodge Construc...
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Slowing economic growth will weigh heavily on residential and commercial activity; public funding to support manufacturing and infrastructure activity Construction Starts Will Remain Unchanged In 2023Q3 2022 hedge fund letters, conferences and more “As the clouds of uncertainty mount on the fate of the economy in 2023 the construction sector has already started to feel the impact of rising interest rates,” stated Richard Branch, chief economist for Dodge Construction Network. “The Federal Reserve’s ongoing battle with inflation has raised concerns that a recession is imminent in the new year. ...
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Broad-based weakness in the building sectors dragged down construction starts Q2 2022 hedge fund letters, conferences and more Year-to-date, total construction was 5% higher in the first six months of 2022 compared to the same period of 2021. Nonresidential building starts rose 13% and residential starts gained 3%, while nonbuilding starts were 2% lower. For the 12 months ending June 2022, total construction starts were 7% above the 12 months ending June 2021. Nonresidential starts were 17% higher, residential starts gained 5% and nonbuilding starts were down 2%. “Construction markets are gett...
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Four regional keynote sessions to update the initial 2022 forecast, and how construction continues to evolve post-COVID HAMILTON, NJ — May X, 2022 — Dodge Construction Network today announced it will conduct its Construction Industry OUTLOOK Mid-Year Update. The webinar will be segmented by region — west, northeast, midwest and south. Q1 2022 hedge fund letters, conferences and more Dodge Construction Network's 2022 OUTLOOK ConferenceWHAT: This webinar is an authoritative resource for construction executives, industry leaders and media professionals. It revisits Dodge’s initial predictions for...
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Construction shakes off concerns about material prices and Delta variant to post solid growth Q3 2021 hedge fund letters, conferences and more HAMILTON, New Jersey — October 19, 2021 — Total construction starts rose 10% in September to a seasonally adjusted annual rate of $889.7 billion, according to Dodge Construction Network. All three sectors improved: nonresidential building starts rose 15%, residential starts moved 9% higher, and nonbuilding starts increased by 6%. “Construction starts have struggled over the last three months as concerns over rising prices, shortages of materials, and sc...
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