Dodge Construction Network

Written by: Eric Gaus, Dodge Chief Economist, and Sarah Martin, Associate Director of Forecasting With the U.S. Census Bureau continuing to face delays in releasing its construction spending and housing starts data due to the government shutdown, Dodge Construction Network’s (Dodge) Economics team has developed independent estimates of what the Census likely would have reported in recent months.

With the U.S. Census Bureau continuing to face delays in releasing its construction spending and housing starts data due to the government shutdown, Dodge Construction Network’s (Dodge) Economics team has developed independent estimates of what the Census likely would have reported in recent months. While the government has re-opened, Dodge is assuming that Census’ data releases will remain delayed in the interim.

Substantial growth in data center planning drives commercial momentum BEDFORD, M.A. – July 9, 2024 — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.

Gains in utilities, single family, warehouse and education provide solid momentum BEDFORD, MA —June 20, 2024 — Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. Nonbuilding starts gained an impressive 49% during the month, driven by the start of an offshore wind project and an LNG facility, while residential starts lost 7% and nonresidential building starts were down 2%.

https://youtu.be/Yx5C3-YNDvQ Commercial planning gains steam while institutional projects retreat BEDFORD, M.A. – June 7, 2024 — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 2.7% in May to 179.0 (2000=100) from the revised April reading of 174.3. Over the month, commercial planning progressed 5.5% and institutional planning slowed by 3.4%.

2024 Market Trends, Challenges & Outlook New York City’s housing market has faced its share of hurdles in recent years, leaving many to question where the largest apartment market in the country is headed. Indeed, New York state is currently facing a massive housing shortage. According to Dodge Construction Network estimates, the state’s housing deficit has hovered around 300,000 units since 2022, unable to return to its historically typical deficit of 191,000 units (between 1970 and 2019).

April’s increase reverses two months of decline BEDFORD, MA —May 16, 2024 — Total construction starts rose 6% in April to a seasonally adjusted annual rate of $1.13 trillion, according to Dodge Construction Network. Nonresidential building starts gained 17%, nonbuilding starts were 4% higher, while residential starts slipped 1%. On a year-to-date basis through April total construction starts were up 13% from the first four months of 2023.

Data center projects dominated planning activity over the month BEDFORD, M.A. – May 7, 2024 — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%.

Gains in single family and infrastructure starts were not enough to offset nonresidential building weakness BEDFORD, MA —April 23, 2024 — Total construction starts fell 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. Nonresidential building starts fell 9%, while nonbuilding starts improved by 7%, and residential starts moved 1% higher.

Institutional planning faces sizable correction from weaker R&D lab planning BEDFORD, M.A. – April 5, 2024 — The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.6% in March to 164.0 (2000=100) from the revised February reading of 179.5. Over the month, commercial planning fell 3.2% and institutional planning dropped 17.2%. “In 2023, commercial planning decreased while institutional planning notably improved, sitting 29% above year-ago levels in February 2024.