Dodge Momentum Index Increases in July

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Dodge Momentum Index moved 3.4% higher in July to 124.7 (2000=1000) from the revised June reading of 120.5. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. During the month, the commercial component increased 5.3% while the institutional component was unchanged. This month’s increase in the Dodge Momentum Index was the first in all of 2020. Since December 2019, the momentum index has lost 18% with most of the … Read more

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4-Story MOB Breaks Ground in Naples, Florida

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Ground was recently broken for a four-story concrete, tilt-wall medical office building for Physicians Regional Healthcare System in Naples, Florida. The project team includes EMJ Construction and DCS Design. The 60,000-square-foot facility will primarily function as office space for multiple medical companies, but could also double as laboratories and exam rooms. As the tilt-wall subcontractor on this build, GCM will provide 48 concrete panels that will create the structure of the office building. These panels measure 65 feet tall and 18 inches thick. Construction is expected to be completed at in January 2021.

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AGC Calls for New Infrastructure, Other Relief Measures

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Construction employment decreased in 225, or 62%, out of 358 metro areas between June 2019 and last month despite widespread increases from May to June, according to an analysis of new government data that the Associated General Contractors of America released. Association officials urged government officials to enact liability reform, boost infrastructure investments and extend tax credits to help the industry recover and rebuild. “It’s troubling to see construction employment lagging year-ago levels in most locations, in spite of a strong rebound in May and June,” said Ken Simonson, the association’s chief economist. “Those gains were not enough to erase … Read more

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COVID-19 Crushes Construction Starts in Most Metro Areas during First-Half 2020

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The COVID-19 pandemic and resulting recession have wreaked havoc on U.S. building markets. According to Dodge Data & Analytics, commercial and multifamily starts were quite healthy during January and February but stalled as the pandemic hit the nation in March. For the first three months of 2020, U.S. multifamily and commercial building starts inched up 1% from the same period of 2019. The commercial and multifamily group is comprised of office buildings, stores, hotels, warehouses, commercial garages and multifamily housing. Not included in this ranking are institutional building projects (such as educational facilities, hospitals, convention centers, casinos, transportation terminals), manufacturing buildings, single-family … Read more

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Buildout for Luxury Mixed-Use Development Takes Shape in N.C.

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JE Dunn Construction is moving apace with a $5.7-million interior buildout for an upscale steakhouse, Steak 48, to Apex SouthPark, a luxury mixed-use development taking shape in Charlotte, North Carolina. On the first floor of the Apex SouthPark complex, Steak 48 will occupy approximately 9,600 square feet and offer diverse, fine-dining experiences featuring a collection of intimate dining rooms including patio seating. The fully exposed kitchen, with its floor-to-ceiling glass walls, offers diners a unique view into the culinary experience. Developed by Childress Klein and Ascentris, Apex SouthPark is a destination complex of specialty restaurants, fashion options and other retail, … Read more

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