Dodge Construction Network Construction Starts and Forecasts
Starts for the month of April
Construction starts fell 4% in April to $1.04T. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. Nonbuilding starts rose 7%, and residential building starts gained 12%.
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Dodge Momentum Index in April
The Dodge Momentum Index declined in April after pullback in commercial planning. It fell 5.1%, with the commercial component of the DMI falling 8% and the institutional component improving .3%
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Dodge Momentum Index in March
The Dodge Momentum Index slipped 8.6% in March. The commercial component of the DMI fell 6.6%, and the institutional component decreased 12.9%.
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Starts for the month of February
Construction starts rose 6% in February, with residential and nonresidential building starts rising 11% and 9% respectively, and nonbuilding starts declining by 5%.
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Dodge Momentum Index in February
After a 9% dip in January, the Dodge Momentum Index returned to growth in February showing continued optimism for construction activity to grow in 2024.
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Dodge Momentum Index in January
The Dodge Momentum Index dipped in January, falling 8.4% to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%.
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Starts for the month of December
Manufacturing and infrastructure led the industry to a 27% rise in construction starts in December. Get the details on what this optimistic start to the year means for the sector in 2023.
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