Dodge Momentum Index Hits 12-Year High Led by Institutional Planning

  • Posted on

The Dodge Momentum Index posted an 8.6% gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. 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. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than 1%. Since hitting its … Read more

Filed under: Economic NewsTagged with: , ,

Dodge Data & Analytics Reports National Construction Starts Continue Decline in February

  • Posted on

Total construction starts fell 2% in February to a seasonally adjusted annual rate of $797.3 billion. Nonbuilding construction starts posted a solid gain after rebounding from a weak January, however, residential and nonresidential building starts declined, leading to a pullback in overall activity. The Dodge Index fell 2% in February, to 169 (2000=100) from January’s 171. “With spring just around the corner, hope is building for a strong economic recovery fueled by the growing number of vaccinated Americans,” said Richard Branch, chief economist for Dodge Data & Analytics. “But the construction sector will be hard-pressed to take advantage of this … Read more

Filed under: Economic NewsTagged with: , , ,

Outlook on Commercial Construction Lifts on Rising Revenue Expectations

  • Posted on

Data from the first quarter U.S. Chamber of Commerce Commercial Construction Index reveals contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring and equipment spending plans as business concerns related to the coronavirus pandemic lessen. In the first quarter of this year, 36% of contractors expect their revenue to increase over the next year, a jump of 11 percentage points from 25% in Q4 2020. Eighty-seven percent expect their revenue to either stay the same or increase, up from 86% last quarter. Most (86%) contractors also report a moderate … Read more

Filed under: eNewsTagged with: , , , ,

New Study Reveals Benefits of GIS in Design, Construction Industry

  • Posted on

GIS is a critical part of the digital revolution in the design and construction industry, according to the findings of a new study, The Business Value of GIS for Design and Construction SmartMarket Report, released by Dodge Data and Analytics. The new research, funded by Esri and Autodesk, shows that use of GIS is continuing to grow in the industry as design and construction companies increasingly take advantage of its datasets and tools to improve their projects and grow their businesses. The study surveyed those with experience with using GIS, and it explores exactly how they are using it. The findings reveal … Read more

Filed under: TechnologyTagged with: , , ,

Dodge Outlook 2021 Predicts Slow, Uneven Recovery throughout 2021

  • Posted on

Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will increase 4% in 2021, to $771 billion. “The COVID-19 pandemic and recession has had a profound impact on the U.S. economy, leading to a deep drop off in construction starts in the first half of 2020,” stated Richard Branch, chief economist for Dodge Data & Analytics. “While the recovery is underway, the road to full recovery will be long and fraught with potential potholes. After losing an estimated 14% in 2020 to $738 … Read more

Filed under: Economic NewsTagged with: , , ,