Dodge Construction Network Construction Starts and Forecasts
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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Dodge Momentum Index in December
The Dodge Momentum Index (DMI) improved 6.6% (2000=100) in December to 222.2 from the revised November reading of 208.3. In December, the commercial component of the DMI rose 8.4%, and the institutional component ticked up 2.7%.
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Starts for the month of November
Total construction starts fell 18% in November to a seasonally adjusted annual rate of $926.3 billion, according to DCN. During the month, nonresidential building starts lost 25%, nonbuilding shed 21%, and residential starts dropped 5%
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Dodge Momentum Index in November
The DMI increased 3.8% (2000=100) in November to 207.2 from the revised October reading of 199.6. During the month, the DMI continued its steady ascent, with the commercial component rising 4.3%, and the institutional component ticking up 2.7%
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