Dodge Construction Network Construction Starts and Forecasts
Dodge Momentum Index in July
Planning falls in July, but underlying trends point to market split; Over the month, the commercial component of the DMI remained relatively flat, ticking down 0.2%, while the institutional component fell 1.9%.
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Starts for the month of June
Most construction categories lower in the month; single family starts are a bright spot. Total construction starts fell 9% in June to a seasonally adjusted annual rate of $1 trillion. Nonresidential starts led the downturn, falling 14%. Nonbuilding starts fell 9%, and residential starts lost 4%.
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Dodge Momentum Index in June
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, declined 2.5% in June to 197.3 (2000=100) from the revised May reading of 202.4. Over the month, the commercial component of the DMI rose 3.1%, while the institutional component sunk 10.5%.
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Starts for the month of May
May saw an 8% rise in total construction starts, with manufacturing and infrastructure leading the sector with large gains, and residential seeing double-digit decline.
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Dodge Momentum Index in May
As we enter H2 2023, commercial and institutional planning sees differing trends. The DMI dropped 2% in May to 180.5 from April's revised 184.1. The DMI's commercial part fell 6.1%, but its institutional part rose 5.6%.
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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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