New Construction Starts in 2019 to Hold Steady with 2018 Amount, According to Dodge Data & Analytics

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Dodge Data & Analytics released its 2019 Dodge Construction Outlook, which predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018. “Over the past three years, the expansion for the U.S. construction industry has shown deceleration in its rate of growth, a pattern that typically takes place as an expansion matures,” stated Robert A. Murray, chief economist for Dodge Data & Analytics. “After advancing 11-14 percent each year from 2012 through 2015, total construction starts climbed 7 percent in both 2016 and 2017, and a 3 percent increase … Read more

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September Construction Starts Settle Back 5 Percent

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NEW YORK, N.Y. –New construction starts in September fell 5 percent from the previous month to a seasonally adjusted annual rate of $709.6 billion, according to Dodge Data & Analytics. The September downturn followed 9 percent declines in both July and August, as the pace of construction starts has now pulled back for the third month in a row after reaching the current year’s high in June. By major sector, nonresidential building weakened further in September, sliding 6 percent. Nonbuilding construction dropped 13 percent in September, due to sharp retrenchment for the electric utility/gas plant category while public works held … Read more

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Contractors Identify Strong Safety Programs to Address Skilled Labor Scarcity, Substance Abuse

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WASHINGTON, D.C. – The Q3 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index recently released indicates skilled labor shortages will have the greatest impact on commercial construction businesses over the next three years. The report revealed 88 percent of contractors expect to feel at least a moderate impact from the workforce shortages in the next three years with over half (57 percent) expecting the impact to be high/very high. The skilled labor shortage has been consistently identified as a major issue facing the industry, but it is now reported by 80 percent of contractors to be impacting worker and … Read more

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Construction Industry’s 2019 Economic Forecast Debuts at Dodge Data & Analytics 80th Annual Outlook Executive Conference

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NEW YORK, N.Y. –Dodge Data & Analytics will hold its 80th annual Dodge Construction Outlook Executive Conference Oct. 24-25 in National Harbor, Maryland. To register, visit 2019 Dodge Outlook. The annual Dodge Outlook Conference is the cornerstone event for building product manufacturers, construction service providers, contractors, engineers, industry associations and other professionals serving the construction industry to gain critical insights into the economic forecast for the North American construction industry. The forecast, presented by Dodge Chief Economist Robert Murray, also offers critical data for members of the media covering economic and sector-based trends. The 2019 Dodge Construction Outlook Executive Conference … Read more

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New Construction Starts in July Slide 9 Percent

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NEW YORK, N.Y. – At a seasonally adjusted annual rate of $817.4 billion, new construction starts in July fell 9 percent from the elevated pace reported in June, according to Dodge Data & Analytics. The latest month’s decline followed strong gains for total construction starts during the previous two months, with May up 14 percent and June up 11 percent. By major sector, nonresidential building dropped 22 percent after soaring 59 percent in June, which had been lifted by the start of two massive manufacturing plants and two massive office buildings. While July did see several large manufacturing and office … Read more

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