Tag: nonbuilding
S-C Market Analytics’ David Chereb offers his latest Aggregate Forecast, sharing the questions that factor into his decision-making while offering a rundown for residential, nonresidential and nonbuilding construction.
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According to Dodge Data & Analytics’ Richard Branch, the good news for the industry heading into the pandemic is that construction starts were stable.
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Residential building starts fell 8 percent, nonresidential building lost 6 percent and nonbuilding starts moved 2 percent lower.
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The precipitous drop from November to December was based on noteworthy gains in November’s utility and manufacturing sectors.
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By major sector, nonbuilding starts climbed 82 percent higher over the month while nonresidential starts improved 61 percent. Residential starts, meanwhile, were flat from October to November.
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The October statistics lowered the Dodge Index to 147, compared to 166 in September, according to Dodge Data & Analytics.
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This marks the second consecutive monthly decline in construction starts, following a 6 percent pullback in August, Dodge Data & Analytics reports.
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New construction starts in February dropped 3 percent from the previous month, according to Dodge Data & Analytics, to a seasonally-adjusted annual rate of $697.4 billion.
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New construction starts in September 2018 dropped 5 percent from the previous month to a seasonally-adjusted annual rate of $709.6 billion.
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