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A Glimpse of the Post-Pandemic Industry Recovery: Part 2
The residential segment is positioned for growth in 2020 and 2021 despite a pullback in multifamily starts. However, a shakier recovery is expected for the commercial and institutional segments, according to Dodge Data & Analytics chief economist Richard Branch, who … Continue reading
A Glimpse of the Post-Pandemic Industry Recovery
This time last year, economists at the 81st Annual Dodge Construction Outlook Conference didn’t expect a recession to occur within the next 12 months. Then the COVID-19 pandemic changed the global economic landscape. At the Dodge Construction Outlook 2021 Virtual … Continue reading
Construction Starts Show Additional Gains in June
Total construction starts increased 6% in June to a seasonally adjusted annual rate of $641.4 billion. This marks the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April. In June nonresidential building starts … Continue reading
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Tagged Aligned Energy Data Center, Ashburn, Dodge Data & Analytics, nonbuilding starts, nonresidential starts, residential starts, Richard Branch, San Antonio, SeaTac International Airport, Seattle, Total construction starts, Va., Women’s and Children’s hospital tower
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Dodge Makes Downward Adjustments to Construction Starts Forecast Due to COVID-19
The economy is currently in a steep but short recession according to Richard Branch, chief economist for Dodge Data & Analytics, who hosted a webinar updating Dodge’s construction forecast for the year. In the webinar, titled “The Potential Impact of … Continue reading
