Total Construction Starts Increase in December

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Total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion, according to Dodge Construction Network. During the month, nonresidential building starts increased 51%, nonbuilding starts increased 30% and residential starts rose less than 1%. Across 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%. Nonbuilding construction starts rose 30% in December to a seasonally adjusted annual rate of $281.4 billion. The utility/gas category was the main driver of the growth due to the start of a transmission … Read more

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Digital Workflows Help Design, Construction Companies Manage Projects, Companies Better  

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The ability to share digital data effectively is a critical factor that impacts the success of digital transformation in the design and construction industry. This includes both the ability to share data within different departments in the same company or across multiple companies involved in the same project. New research from Dodge Construction Network, together with Trimble, published in the Connected Construction SmartMarket Brief series, reveals that owners, architects, engineers, general contractors and specialty trades are utilizing digital workflows to share project information. The findings show, though, that internal connections are far more common than external ones, with nearly half of all respondents (48%) … Read more

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New Study from Dodge Construction Network Reveals Digital Transformation Led by Construction Owners

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Dodge Construction Network, in partnership with Trimble, released a Dodge SmartMarket Brief based on a comprehensive study of owners, architects, engineers and contractors. The study and resulting report evaluate the use and benefits of digital workflows in the construction industry. This report is the first in a series based on the study findings and entitled Connected Construction: The Owners’ Perspective. Owners are highly influential in the design and construction industry and are often essential to driving change. This report reveals the degree to which owners have already embraced digital workflows for multiple design and construction processes and suggests that owners’ … Read more

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Dodge Momentum Index Declines in December

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The Dodge Momentum Index fell 3% in December to 166.4 (2000=100), down from the revised November reading of 170.7. The momentum index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In December, commercial planning fell 4%, and institutional planning slipped 1%. Despite these declines, 2021 was a banner year for the Dodge Momentum Index—despite the lingering risks of COVID-19 and low demand for some types of nonresidential buildings. Throughout the year, the overall momentum … Read more

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