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Tag Archives: Richard Branch
Momentum Index Improves in July Thanks to Increase in Nonresidential Projects
The Dodge Momentum Index (DMI) increased 2.9% to 178.7 in July thanks to an increase in data center, office and warehouse projects, says the Dodge Construction Network. The DMI is a monthly measure for nonresidential building projects in planning. According … Continue reading
Construction Starts Slow in June Driven by Uncertainty in Economy
Driven by a decrease in nonresidential building starts, the total number of construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to the Dodge Construction Network. Nonresidential building starts lost 14% during June … Continue reading
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
Posted in Featured News, News, Today's News
Tagged 2022, Amazon, backlogs, Bid prices, chief economist, commercial construction, construction starts, Data centers, Dodge Construction Network, Dodge Construction Network 2022 Mid-Year Outlook, Dodge Momentum Index, education starts, Federal Reserve, forecast, health care starts, hotel sector, inflation, institutional building starts, interest rates, labor shortage, pandemic, recession, retail sector, Richard Branch, rise, rural and suburban areas, sectors, solid recovery, Ukraine, Uncertainty, wait, war, warehouse starts, webinar, “real resurgence”
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Total Construction Starts Inch Higher in April
The Dodge Construction Network reports that total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion. The same report shows nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts … Continue reading
Posted in News, Today's News
Tagged 2-10 54th Avenue apartments, Aggie Square Life science building, Caesar Virginia hotel and casino, Civic Square condominiums, commercial starts, Dodge Construction Network, Federal Reserve, institutional starts, manufacturing starts, multifamily structures, nonbuilding starts, Nonresidential building starts, residential starts, Richard Branch, Rose Gaming Resort, seasonally adjusted annual rate, total construction, Total construction starts
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March Sees Decline in Construction Starts
The Dodge Construction Network reported that total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion. Nonresidential building starts dropped 29%, according to the report, indicating it was in part due to the start … Continue reading
