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At a seasonally adjusted annual rate of $563.3 billion, new construction starts in November fell 5% from the previous month, according to Dodge Data & Analytics.
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The benefits of BIM (building information modeling) and other technology advancements that allow the exchange of information on design and construction projects, including improving labor productivity and reducing costs for construction companies, are just the beginning of what can be achieved, according to a new study released today by Dodge Data & Analytics in partnership with Bentley Systems.
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The Dodge Momentum Index fell 3.7% in November to 119.9 (2000=100) from its October reading of 124.5.
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New construction starts in October advanced 13% to a seasonally adjusted annual rate of $591.1 billion, according to Dodge Data & Analytics. The increase follows the lackluster performance for construction starts during August and September, when activity fell to the lowest levels reported so far in 2015. Much of October’s gain for total construction was due to a sharp rebound by nonresidential building, with additional support coming from a moderate upturn for housing as the result of further strengthening by multifamily housing.
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During the prolonged housing downturn, green homes provided support to the ailing residential market and now promise to be an important element of the recovering market as well, according to a new study conducted by Dodge Data & Analytics, in partnership with the National Association of Home Builders (NAHB) and with the support of Ply Gem Industries, (NYSE: PGEM), a leading manufacturer of exterior building products in North America
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The Dodge Momentum Index fell 4.8% in October to 125.2 (2000=100) from its September reading of 131.5.
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Dodge Data & Analytics (http://www.construction.com) today released its 2016 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning.
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The value of new construction starts in September dropped 5% from the previous month to a seasonally adjusted annual rate of $523.7 billion, according to Dodge Data & Analytics.
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The Dodge Momentum Index moved 5.8% higher in September to 133.5 (2000=100) from its August reading of 126.2.
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Dodge Data & Analytics (http://www.construction.com/) will present its 77th annual forum for construction and economic leaders, the 2016 Dodge Construction Outlook Executive Conference, on October 29-30, 2015 at The Ritz-Carlton, Washington DC.
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