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Multifamily Housing Construction Starts Rise with Five-Percent Increase in April According to Recent Dodge Data Market Report


HAMILTON, NJ - Total construction starts fell 2% in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Single family construction posted a sizeable decline following months of strong activity, while nonresidential building and nonbuilding starts both gained.
“The pullback in single family construction starts was inevitable after showing exceptional strength over the past year,” said Richard Branch, Chief Economist for Dodge Data & Analytics. “Higher material prices, supply shortages, and a dearth of skilled construction labor were bound to catch up with housing and will ultimately limit the ability of this sector to show the same rate of expansion this year as it did last. Meanwhile, nonresidential starts are stabilizing and should continue to heal throughout 2021, however, this sector will also be challenged by similar issues facing the housing market that will cause its starts to be below pre-pandemic levels for months t ....

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Construction Starts Slip in April | Glass Magazine


May 20, 2021
Total construction starts fell 2 percent in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Nonresidential building and nonbuilding starts both gained.
“Nonresidential starts are stabilizing and should continue to heal throughout 2021, however, this sector will also be challenged by similar issues facing the housing market that will cause its starts to be below pre-pandemic levels for months to come,” says Richard Branch, chief economist for Dodge Data & Analytics.
Nonresidential starts increase, led by institutional
Nonresidential building starts rose 16 percent in April to a seasonally adjusted annual rate of $276.3 billion. Institutional building starts rose 19 percent, driven by education, transportation, and recreation buildings, while commercial starts rose 12 percent due to gains in the office and warehouse categories. On a year-to-date basis, nonresidential building starts were 17 perce ....

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Calculated Risk: Leading Index for Commercial Real Estate Increased in April


The Dodge Momentum Index posted an 8.6% gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March. 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 buildings by a full year. April’s gain marks the fifth consecutive monthly increase, and similar to February and March, was due to a large increase in institutional buildings entering the planning stage while commercial planning eased by less than one percent.
Since hitting its nine-year low in January, institutional planning has rebounded substantially, climbing 77% over the last three months. ....

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