Useful perspective is made possible by looking at twelve-month moving totals, in this case the twelve months ending January 2015 versus the twelve months ending January 2014, which lessens the volatility present in one-month comparisons. For the twelve months ending January 2015, total construction starts were up 9%, due to this pattern by sector – nonresidential building, up 18%; residential building, up 8%; and nonbuilding construction, up 1%. By geography, the twelve months ending January 2015 showed the following behavior for total construction starts – the South Central, up 21%; the South Atlantic, up 11%; the West, up 8%; and the Northeast and Midwest, each up 1%.
January 2015 Construction Starts
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January 2015 Construction Starts
Monthly Summary of Construction Starts |
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Prepared by Dodge Data & Analytics |
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Monthly Construction Starts |
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Seasonally Adjusted Annual Rates, In Millions of Dollars |
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January 2015 |
December 2014 |
% Change |
|
Nonresidential Building |
$159,284 |
$190,778 |
-17 |
Residential Building |
230,007 |
254,077 |
-9 |
Nonbuilding Construction |
231,752 |
123,919 |
+87 |
Total Construction |
$621,043 |
$568,774 |
+9 |
The Dodge Index |
|
(Year 2000=100, Seasonally Adjusted) |
|
January 2015.........131 |
|
December 2014 .....120 |
Year-to-Date Construction Starts |
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Unadjusted Totals, In Millions of Dollars |
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1 Mo. 2015 |
1 Mo. 2014 |
% Change |
|
Nonresidential Building |
$10,997 |
$12,210 |
-10 |
Residential Building |
14,561 |
14,959 |
-3 |
Nonbuilding Construction |
17,596 |
9,505 |
+85 |
Total Construction |
$43,154 |
$36,674 |
+18 |
About Dodge Data & Analytics: Dodge Data & Analytics is the leading provider of data, analytics, news and intelligence serving the North American construction industry. The company's information enables building product manufacturers, general contractors and subcontractors, architects and engineers to size markets, prioritize prospects, target and build relationships, strengthen market positions, and optimize sales strategies. The company's brands include Dodge, Dodge MarketShare™, Dodge BuildShare®, Dodge SpecShare®, Sweets, Architectural Record, and Engineering News-Record. To learn more, visit www.construction.com.
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SOURCE Dodge Data & Analytics
Contact: |
Dodge Data & Analytics
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