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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Projections Reveal Nonresidential Construction Spending to Grow

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Spending on nonresidential buildings nationally increased only modestly last year, barely outpacing inflation in building costs. Halfway through the seventh year of continuous growth for the cyclical construction industry, 2018 might have looked to be the year that the industry would enter another recession. However, when polled at the beginning of this year, the AIA Consensus Construction Forecast Panel—consisting of leading economic forecasters— instead saw acceleration in activity, projecting 4 percent growth in 2018 and a nearly equal 3.9 percent in 2019. “At the halfway point of the year, this panel is even more optimistic,” said AIA Chief Economist Kermit … Read more

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New Construction Starts in April Pull Back 13 Percent

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NEW YORK, N.Y. – The value of new construction starts in April fell 13 percent from the previous month to a seasonally adjusted annual rate of $674.3 billion, according to Dodge Data & Analytics. The decline follows the 11 percent gain reported for March, which was the highest level of construction starts over the preceding six months. The loss of momentum in April was widespread, involving each of the three main construction sectors. Nonbuilding construction (public works and electric utilities/gas plants) plunged 22 percent after its 74 percent hike in March that featured the start of the $3.5-billion Mountain Valley … Read more

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Dodge Data & Analytics Launches Dodge Construction Central with New Capabilities

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Dodge Data & Analytics has launched Dodge Construction Central, which delivers deep intelligence to project stakeholders from the most comprehensive industry data cloud. It empowers them to collaborate with project teams and integrate insights directly into their business processes by leveraging artificial intelligence, advanced analytics, collaboration and workflow automation technologies. “Increasingly, improving productivity and attaining growth in our industry requires knowledge sharing and collaboration among many companies, stakeholders and workflows,” said Mike Petrullo, CEO, Dodge Data & Analytics. “Dodge Construction Central is the first market intelligence hub where all players across the industry can gain critical insights and collaborate to … Read more

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Dodge Data & Analytics to Review Safety Management in Construction

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At 2 p.m. EST Tuesday, Jan. 30, a 60-minute webinar, co-sponsored by CPWR and Dodge Data & Analytics, will review the key findings from the new report Safety Management in the Construction Industry 2017. This study is the third in an ongoing series that examines the positive impacts of a wide variety of safety-related practices. Its key findings include a continuing shift of industry focus toward engaging workers in safety programs, evidence of the relationship between investing in safety and improved business outcomes, a continued difference between the engagement of large vs. small contractors in safety practices and training and … Read more

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