Page 18 - Dodge Data News Today

Walton Street Capital accelerated its plan to modernize the lobby at 401 N. Michigan Ave. A few months after the start of the COVID-19 pandemic, as it became more clear that companies werent coming back in full force to its office building at 401 N. Michigan Ave. anytime soon, Walton Street Capital saw there was a moment to be seized. With a fraction of the normal foot traffic in the 35-story building each day and more construction contractors scrambling for jobs, the Chicago-based firm scrappe...

Javascript is disabled in your web browser. For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page. South Florida construction starts fall in November Starts down 30% year-over-year, 11% compared to October Miami / (iStock) South Florida construction starts dropped in November, both year-over-year and month-over-month, according to a recently released report. Total building in Palm Beach, Miami-Dade and Broward counties ...

D-FW construction starts dip in November Commercial building saw the greatest declines. Commercial building activity in the D-FW area is down 14% this year.(Tom Fox / Staff Photographer) Construction starts of all types in North Texas saw a decline in November. The biggest drop in activity was a 41% decrease in nonresidential building compared with 2019 levels, according to a report from Dodge Data & Analytics. Residential building starts were also down 5% from a year ago for the month. Through...

HAMILTON, NJ - Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%. Nonresidential building construction starts, however, rose 19% in November. Total construction starts fell in three regions, the South Atlantic, West, and Northeast, but rose in two, the Midwest and South Central. Year-to-date through 11 months, total construction...

Pricing and scarce inventory of building materials continues to hinder small contractors and local building companies competing with big brand home improvement stores. Illinois (PRUnderground) December 22nd, 2020 Covid-19 has created a pricing and inventory frenzy across the USA on building materials. Prices of building materials continue to rise as housing demand increases during the winter months and into 2021. Home Depot Inc. and Lowe’s Cos., reported sales were up 24% and 30% for...

The report predicts that total U.S. construction starts will increase 4% in 2021 to $771 billion. December 18, 2020 Pexels Dodge Data & Analytics released its 2021 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts will increase 4% in 2021, to $771 billion. “The COVID-19 pandemic and recession has had a profound impact on the U.S. economy, leading to a deep drop off in construction sta...

Weakness in residential and nonbuilding activity overwhelmed nonresidential building strength, causing total construction starts to dip 2%. December 16, 2020 Dodge Data & Analytics Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%. Nonresidential building construction starts, however, rose 19% in November. Total construction...

With government support programs such as the CARES Act expiring, nonresidential building projects have slowed down. December 9, 2020 Dodge Data & Analytics The Dodge Momentum Index fell 2.6% in November to 123.3 (2000=100) from the revised October reading of 126.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential b...

Material Shortages Significant Issue for Construction Contractors During Pandemic According to the U.S. Chamber of Commerce, 71% of commercial construction contractors face at least one material shortage December 10, 2020 Adobe Stock/auremar More contractors are facing a shortage of building materials as the pandemic continues, according to new fourth quarter data from the U.S. Chamber of Commerce Commercial Construction Index (Index). This quarter, 41% of contractors say less availability o...