Tag Archives: interest rates

Construction Growth to be Stifled in 2023

Inflation is determining the path of the economy, says Richard Branch, chief economist for Dodge Construction Network (DCN) during the organization’s Annual Outlook Forecast Conference. However, Branch adds that core inflation is improving thanks to aggressive actions taken by the … Continue reading

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Construction Starts Surge in July Thanks to Mega Projects

Total construction starts surged 48% in July to a seasonally adjusted annual rate of $1.36 trillion thanks to the start of three large manufacturing plants and two LNG export facilities, the Dodge Construction Network reports. Even without the five major … Continue reading

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Commercial and Multifamily Starts in Largest US Metro Areas Increase by 24 Percent

The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the U.S. increased by 24% from 2021 throughout the first six months of 2022, according to the Dodge Construction Network. Throughout the U.S., commercial and … Continue reading

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Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading

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Non-Residential Construction Starts Increase as Projects Enter Backlog

Construction starts are forecast to rise 9% in 2022, prompting Richard Branch, chief economist with Dodge Construction Network, to say he feels “reasonably positive” about the industry’s trajectory. But with many projects just now entering backlogs, some sectors may have … Continue reading

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