Construction planning posts largest decline of 2024
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An 8% decline in total construction starts has not deterred Dodge Construction Network chief economist Richard Branch's optimism for the rest of 2024.
Amidst persistent high interest rates, building starts weaken, while nonbuilding starts show growth.
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The latest Dodge Momentum Index (DMI) information for March has shown a continued decrease in economic activity, dropping 8.6% to a new score of 164.0 from February's revised total of 179.5. Over the month, commercial planning fell 3.2%, while institutional planning dropped 17.2%. The decline in...