Construction starts flatline even as manufacturing booms

Expected interest rate cuts in the second half of 2024 should spur more starts as the year progresses, said Richard Branch, chief economist at Dodge Construction Network.

High interest rates knock construction starts to 10-month low

Economist Richard Branch anticipates weak starts until mid-2024, despite potential Federal Reserve rate cuts.

Construction starts continue volatile ride, ‘up one month and down the next’

Choppy conditions will persist due to high interest rates and tightening lending standards, said Richard Branch, chief economist for Dodge Construction Network.

Market uncertainty splits construction into ‘haves and have-nots’

Dodge’s Richard Branch talks with Construction Dive about recent banking turmoil, industry bifurcation and standout sectors in 2023.

Total Construction Starts Slip in January

Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%. Comparatively, total construction was 14% lower in January 2023 than in January 2022. Nonresidential building starts […] The post <strong>Total Construction Starts Slip in January</strong> appeared first on Civil + Structural Engineer magazine.