Steel Costs Begin to Level out, Supply + Demand Stabilizes 

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In March 2018, when a large tariff increase—25%—on steel imports went into effect, alarm bells went off in the construction industry. A cost increase of this size impacts bottom lines, so everyone in the industry braced for a blow. The tension was high. The U.S. is the largest steel importer throughout the world (Trade.gov) and, when the new tariff began, the construction industry was growing faster than at any time since 2010, when recovery from the Great Recession began. Just when recovery was taking off, this new threat loomed. Questions related to the new cost of steel and its available … Read more

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2018 Economic Forecast to Debut at Dodge Data & Analytics Conference

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NEW YORK, N.Y. – Dodge Data & Analytics will hold its 79th annual Dodge Construction Outlook Executive Conference, Nov. 1-2, 2017,  in Chicago, Illinois. To register, visit 2018 Dodge Outlook. The Dodge Outlook is a mainstay industry event for building product manufacturing, design and architectural, contracting, engineering and industry association firms looking to engage with influential speakers, network with peers, and gain insights into the industry’s prospects for the coming year. The forecast, presented by Dodge Chief Economist Robert Murray, also offers critical data for members of the media covering economic and sector-based trends. This year’s theme is connectivity, collaboration … Read more

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New Construction Starts in 2017 to Increase 5% to $713 Billion

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NATIONAL HARBOR, Md. – Dodge Data & Analytics released its 2017 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2017 will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in 2016. “The U.S. construction industry has witnessed signs of deceleration in 2016, following several years of steady growth,” stated Robert Murray, chief economist for Dodge Data & Analytics. “Total construction starts during the first half of this year lagged behind what was reported in 2015, raising some … Read more

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