Ҵýapp / Commercial Ҵýapp Project Intel Fri, 17 Apr 2026 18:16:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 /wp-content/uploads/2024/08/cropped-Dodge-sage-favicon-32x32.png Ҵýapp / 32 32 Ҵýapp Starts Rebound 13% in March /company-news/construction-starts-rebound-13-in-march/ Fri, 17 Apr 2026 18:16:24 +0000 /?p=27189   Manufacturing, Utilities, and Multifamily Lead the Way BOSTON, MA — April 17, 2026 —Total construction startsrose 12.8% inMarchto a seasonally adjustedannual rate of$1.22trillion,according toDodge ҴýappNetwork. Nonresidential building starts grew by 6.3%, residential starts improved 2.6%, and nonbuilding starts rebounded 37.9% over the month. On a year-to-date basis, total construction starts were down 0.5% through...

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Manufacturing, Utilities, and Multifamily Lead the Way

BOSTON, MA — April 17, 2026 —Total construction startsrose 12.8% inMarchto a seasonally adjustedannual rate of$1.22trillion,according toDodge ҴýappNetwork. Nonresidential building starts grew by 6.3%, residential starts improved 2.6%, and nonbuilding starts rebounded 37.9% over the month. On a year-to-date basis, total construction starts were down 0.5% through March. Nonresidential starts were down 0.2%, residential starts were down 7.2% and nonbuilding starts improved by 6.4% over the same period. For the 12 months ending March 2026, total construction starts were up 5.4% from the 12 months ending March 2025. Residential starts were down 5.3%, nonresidential starts were up 6.5% and nonbuilding was up 15.8%.

“Afew strong categories overcameslightweakness in all the others in March,”statedEric Gaus, Chief Economist of Ҵýapp. “The commercial segmentshows the most strength with12 monthgrowth for all sub-categories except warehousing.”

Nonbuilding

Nonbuildingconstructionstartsjumped37.9% inMarchto a seasonally adjusted annual rate of$369 billion. Three mega-projects continued the flip-flopping streak in the electric power/utilities segment, which popped up 353.6% m/m in March. Miscellaneous nonbuilding increased as well, rising 44.0% over the month. Conversely, highways and bridges (-13.6% m/m) and environmental public works (-4.1% m/m) reversed gains from the previous month. On a year-to-date basis through March, nonbuilding construction was up6.4% alongside the68.6% year-to-date growth in electric power/utilities. The remaining public works sectors, however, are seeing deeper year-to-date declines.

For the 12 months endingMarch2026, total nonbuilding starts were up15.8%.Environmental public worksfellby6.4% compared to the 12 months endingMarch2025.Highway and bridgestartsweredown1.0%, miscellaneous nonbuilding starts were up34.9%andutility/gas starts increased52.3% over the same period.

The largest nonbuilding projects to break ground inMarchincludedthe$2.5 billionDarden Clean Energy Projectin CantuaCreak, CA,the $2.0 billionPhase 1Natural Gas Plant/Site Infrastructurein Panhandle, TX, and the$2.0 billionCPV Basin Ranch Energy Centerin Barstow, TX.

Nonresidential

Nonresidential building starts improved 6.3% in March to a seasonally adjusted annual rate of $466 billion. Commercial starts were down 9.2%, mostly driven by the 16.0% m/m pull back in offices and data centers. Warehouses (-6.6% m/m) also lost ground in March, while, hotels (+19.3% m/m), stores (+5.6% m/m), and parking garages (0.8% m/m) made gains. Institutional starts contracted 1.5% over the month, despite growth in education (+3.4% m/m) and healthcare (+9.7%). Other institutional categories more than offset that growth, dropping 11.8% m/m. After a lackluster February, manufacturing construction also bounced back, increasing by 251.9% m/m. On a year-to-date basis through March, nonresidential starts are down 0.2%. Commercial and industrial construction gained 18.0%, while institutional starts are down -17.8% over the same period.

For the 12 months endingMarch2026, totalnonresidentialstarts were up6.5% compared to the 12 months endingMarch2025. Commercial starts were up19.2%, institutional startsdecreased5.7%, and manufacturing starts wereup20.2% over the same period.

The largest nonresidential building projects to break ground inMarchwerethe$3.4 billionShintechEthylene PEP-2 & Vinyl Chloride Monomer (SPP-4)inPlaquemine, LA,the$2.4 billionSavannah River Plutonium Processing Facilityproject in Aiken, SC, andthe $953millionPort Terminal 1 Replacementproject inAnchorage,AK.

Residential

Residential building starts grew by 2.6% in March to a seasonally adjusted annual rate of $385 billion. Single family starts decreased 5.3% m/m, and multifamily starts expanded by 15.3% m/m. On a year-to-date basis, residential starts are down 7.2%, with single family starts down 14.1% and multifamily starts up 6.1%.

For the 12 months endingMarch2026, total residential starts fell5.3%. Single familystartsfell15.7% compared to the 12 months endingMarch2025, and multifamily starts increased16.3% over the same period.

The largest multifamily structures to break ground inMarchwere the $727 millionDiscovery Park (PA 31) Apartmentsin Irvine,CA, the $577 millionHarborside 4 Residential Towerproject Jersey City, NJ and $420 million61 Broadway Residential Conversionproject in New York, NY.

Regionally,total construction starts inMarchroseinandthe South Central (+41.7% m/m),the West (+22.1% m/m),the South Atlantic (+7.5% m/m) and the Northeast(+3.1% m/m).Meanwhile,theMidwest (-15.1% m/m) was the only region to see a decline.

Monthly Mar26 Chart

12Mo Mar26 Chart

Starts Mar26 Bar Graph

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Dodge Momentum Index Grows 2% in March /dodge-momentum-index/dodge-momentum-index-grows-2-in-march/ Tue, 07 Apr 2026 14:13:58 +0000 /?p=27123   Data Centers Prop Up Planning, While Most Sectors Fall Back BOSTON, MA–April7,2026—The Dodge Momentum Index (DMI), issued by Ҵýapp increased1.8%inMarchto250.5(2000=100) from thedownwardlyrevisedFebruaryreading of246.2.Over the month,commercial planninggrew7.0%andinstitutional planningmomentumdeclined8.8%. “Planning momentum in March was powered almost entirely by data center projects, with most other sectors easing back,” said Sarah Martin, Associate Director of Forecasting...

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Data Centers Prop Up Planning, While Most Sectors Fall Back

BOSTON, MA–April7,2026The Dodge Momentum Index (DMI), issued by Ҵýapp increased1.8%inMarchto250.5(2000=100) from thedownwardlyrevisedFebruaryreading of246.2.Over the month,commercial planninggrew7.0%andinstitutional planningmomentumdeclined8.8%.

“Planning momentum in March was powered almost entirely by data center projects, with most other sectors easing back,” said Sarah Martin, Associate Director of Forecasting at Ҵýapp. “For some categories, this reflects a natural reset after the outsized growthin late2025. But for others, elevated macroeconomicrisksarelikelybeginningto feed intoplanningdecisions.”

On the commercial side,planning momentum slowed across all commercial sectors apart fromdata centers.Institutional planning saw widespread weakness, with only education and public buildings moderately gaining traction.Despite recent declines, theDMIremainselevated.Year-over-year, theDMIwas up25.8% when compared toMarch2025. The commercial segment was up28.5%(-12.7%when data centers are removed)and the institutional segment was up19.6% over the same period.

A total of54projects valued at $100 million or moreenteredplanning throughoutFebruary.The largest of those projects included 17 individual buildings, each valued at $500 million, for the Amazon Data Center Campus in Hamlet, North Carolina. Similarly, ten individual buildings, each valued at $250 million, entered planning in relation to the Microsoft DataCenterDSM50in Dallas, Iowa. The largest institutional projects were the $245 millionMCLJOutpatient Pavilion inSan Diego, California, the $183 million Orlando Health Viera Hospital (Phase1B) in Viera West, Florida, and the $175 million Bachelor Enlisted Quarters renovation project at Camp Pendleton North in San Diego, California.

TheDMIis a monthly measurebased on the three-month movingvalue ofnonresidential building projectsgoing intoplanning, shown to lead construction spending for nonresidential buildings by a full yearto18 months.

DMI Table

DMI Chart

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Ҵýapp Starts Slow by 13% in February /company-news/construction-starts-slow-by-13-in-february/ Fri, 20 Mar 2026 14:39:37 +0000 /?p=27104   Coolingnonbuildingactivityleadsto abroaderslowdown BOSTON,MA—March20, 2026—Total construction startsdeclined13.2% inFebruaryto a seasonally adjustedannual rate of$1.08trillion,according toDodge ҴýappNetwork.Nonresidential buildingstartsreboundedby17.8%,residential startsimproved8.3%,andnonbuilding startsdeclined49.4%over the month.On a year-to-datebasis, total construction starts weredown1.9%through February. Nonresidential starts were down2.0%, residential starts were down12.4%andnonbuilding startsimprovedby9.9% over the same period.For the 12 months endingFebruary2026, total construction starts were up5.2% from the 12 months endingFebruary2025. Residential...

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Coolingnonbuildingactivityleadsto abroaderslowdown

BOSTON,MA—March20, 2026—Total construction startsdeclined13.2% inFebruaryto a seasonally adjustedannual rate of$1.08trillion,according to.Nonresidential buildingstartsreboundedby17.8%,residential startsimproved8.3%,andnonbuilding startsdeclined49.4%over the month.On a year-to-datebasis, total construction starts weredown1.9%through February. Nonresidential starts were down2.0%, residential starts were down12.4%andnonbuilding startsimprovedby9.9% over the same period.For the 12 months endingFebruary2026, total construction starts were up5.2% from the 12 months endingFebruary2025. Residential starts were down 6.3%, nonresidential starts were up6.1%andnonbuilding was up17.0%.

“After a weak start to the year, nonresidential and residentialbuilding starts steadily reboundedthroughout February,”statedSarah Martin, Associate Director of Forecast at Ҵýapp. “Conversely, nonbuilding activity slowed down last month – normalizing from elevated levelsin January.”

Residential

Residential building startsgrewby8.3% inFebruaryto a seasonally adjusted annual rate of$374billion. Single family startsincreased4.0%m/m,andmultifamily startsexpandedby15.9%m/m.On a year-to-datebasis, residential starts are down12.4%,with single family startsdown17.5% and multifamily starts down2.8%.

For the 12 months endingFebruary2026, total residential starts fell 6.3%. Single family starts fell16.2% compared to the 12 months endingFebruary2025, and multifamily starts increased14.9% over the same period.

The largest multifamily structures to break ground inFebruarywere the $757 million Bay View Houses Renovation project in Canarsie, New York, the $311 million Universal BuildingNorthand $265 million Universal Building South within the Geneva Residential Conversion project in Washington, D.C.

Nonresidential

Nonresidential buildingstartsimproved17.8%inFebruarytoa seasonally adjusted annual rate of$442billion. Commercial starts wereup 48.5%, solely driven by the 159.6% m/m growth in offices and data centers. Meanwhile, stores (-4.7% m/m), parking garages (-23.1% m/m), hotels (-7.9% m/m) and warehouses (-12.1% m/m) all lost pace throughout February. Institutional starts also expanded 8.7% over the month,alongside steady growth in education (+19.6% m/m) and the remaining institutional categories (+56.4%). Healthcare construction continued to pullback, dropping 46.6% m/m. After a strong January, manufacturing construction also slowed down, pulling back 54.1% m/m. On a year-to-date basis through February, nonresidential starts are down 2.0%. Commercial and industrial construction is up 22.9%, while institutional starts are down 22.7% over the same period.

For the 12 months endingFebruary2026, total nonresidential starts were up6.1% compared to the 12 months endingFebruary2025. Commercial starts were up20.2%, institutional startsdecreased5.6%, and manufacturing starts wereup12.9% over the same period.

The largest nonresidential building projects to break ground inFebruarywerethe $3 billion Google Data Center Campus (Project Meitner) in Miami,Texas, the$3 billionPolaris Forge 2 AI Data Center in Harwood, North Dakota, and the$1.53 billionTampa International Airport Airside D project in Tampa, Florida.

Nonbuilding

Nonbuildingconstructionstartsdecelerated49.4% inFebruaryto a seasonally adjusted annual rate of$265billion.Afternearly 200%growth in January, electric power/utilities construction normalized in February and dropped 90.1% m/m.Miscellaneous nonbuilding declined as well, falling back 12.3% over the month. Conversely, highways and bridges (+18.8% m/m)andenvironmental public works (+4.8% m/m)saw improvements.On a year-to-date basis through February, nonbuilding construction was up 9.9% alongside the 133.8% year-to-date growth in electric power/utilities. The remaining public works sectors, however, are seeing deeper year-to-date declines.

For the 12 months endingFebruary2026, total nonbuilding starts were up17.0%.Environmental public worksfellby6.4% compared to the 12 months endingFebruary2025.Highway and bridge starts weredown0.2%, miscellaneous nonbuilding starts were up32.9%andutility/gas starts increased59.3% over the same period.

The largest nonbuilding projects to break ground inFebruaryincluded the$564 millionSR 400 (I-4) highway development in Celebration, Florida, the $389 million 1-94 reconstruction project in Romulus, Michigan and the $386 million Allegheny County Wet Weather Pump Station in Pittsburgh, Pennsylvania.

Regionally,total construction starts inFebruaryroseintheMidwest(+41.0%m/m)and the West (+4.2% m/m). Meanwhile, starts receded in the Northeast (-38.1% m/m), the South Atlantic (-4.9% m/m) andthe South Central (-37.7% m/m).

Index Graph Feb

Monthly Chart Feb

Recent Chart Feb

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Dodge Momentum Index Declines 7% in February /dodge-momentum-index/dodge-momentum-index-declines-7-in-february/ Fri, 06 Mar 2026 15:16:31 +0000 /?p=27089   Nonresidential PlanningContinues to Normalize BOSTON, MA–March6,2026—The Dodge Momentum Index (DMI), issued by Ҵýapp declined 7.3% in February to 250.0 (2000=100) from the downwardly revised January reading of 269.8. Over the month, commercial planning fell 8.9%, and institutional planning momentum slowed by 4.0%. “Planning momentumcontinuedto normalizein Februaryaftera surge in activityin the back...

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Nonresidential PlanningContinues to Normalize

BOSTON, MA–March6,2026The Dodge Momentum Index (DMI), issued by Ҵýapp declined 7.3% in February to 250.0 (2000=100) from the downwardly revised January reading of 269.8. Over the month, commercial planning fell 8.9%, and institutional planning momentum slowed by 4.0%.

“Planning momentumcontinuedto normalizein Februaryaftera surge in activityin the back half of 2025,”said Sarah Martin, Associate Director of Forecasting at Ҵýapp. “Elevated risks around costs, labor, and geopolitics will continue to constrainbuilderconfidence in the near-term but the robust planning pipeline suggests an acceleration in construction spending in 2027.”

On the commercial side,planning momentum slowed across all commercial sectors apart fromwarehouses.Within institutional planning,all sectors slowed down with public buildings facing the largest contraction.Despite widespread declines, project momentum for retail stores, recreational buildings, datacentersand healthcare facilitiesremainelevated.Year-over-year, the DMI was up18.7% when compared toFebruary2025. The commercial segment was up12.3%(+4.4%when data centers are removed)andthe institutional segment was up34.0% over the same period.

A total of23projects valued at $100 million or moreenteredplanning throughoutFebruary.The largest commercial projectsincludedthe $500 millionCyrusOne Data Center in Whitney, Texas, the $448 million TX12 Data Center in San Antonio,Texasand Buildings 5 and 6 of the QTS DFW2 Data Center in Wilmer, Texas – each valued at $290 million.The largest institutional projects to enter planning were the$400 million Orange County Convention Center Grand Concourse expansion(Phase 5A)in Orlando, Florida,a $254 million school replacement project in Upper Marlboro, Maryland, and the $250 million Langley F-22 Dormitory Building in Mclean, Virginia.

The DMI is a monthly measurebased on the three-month movingvalue ofnonresidential building projectsgoing intoplanning, shown to lead construction spending for nonresidential buildings by a full yearto18 months.

DMI Feb26 Chart

DMI Feb26 Table

 

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Ҵýapp Starts Grow 1% in January /company-news/construction-starts-grow-1-in-january-2/ Fri, 20 Feb 2026 17:29:56 +0000 /?p=27068   Topline growth obscures general weakness BOSTON,MA—February20, 2026—Total construction startsexpanded0.7% inJanuaryto a seasonally adjustedannual rate of$1.24trillion,according toDodge ҴýappNetwork. Nonresidential building starts fell by 15.4%, residential starts decreased 6.4%, and nonbuilding starts grew 24.3% over the month. On a year-over-year basis, total construction starts were up 5.0% from January 2025. Nonresidential starts were down 10.3%, residential...

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Topline growth obscures general weakness

BOSTON,MA—February20, 2026—Total construction startsexpanded0.7% inJanuaryto a seasonally adjustedannual rate of$1.24trillion,according to. Nonresidential building starts fell by 15.4%, residential starts decreased 6.4%, and nonbuilding starts grew 24.3% over the month. On a year-over-year basis, total construction starts were up 5.0% from January 2025. Nonresidential starts were down 10.3%, residential starts were down 17.0% and nonbuilding starts were up by 46.1% over the same period. For the 12 months ending January 2026, total construction starts were up 6.1% from the 12 months ending January 2025. Residential starts were down 6.0%, nonresidential starts were up 5.5% and nonbuilding was up 21.0%.

“Nonbuildingconstructionremainedthe primary engine of growthinthe first month of 2026,”statedEric Gaus Chief Economistat Ҵýapp. “Three mega projects in the nonbuilding sector accounted for nearly$20 billionor almost half of the growth in January,which would mean total construction would have been negative without those three projects.”

Residential

Residential building startsfellby6.4% inJanuaryto a seasonally adjusted annual rate of$345billion. Single family startsincreased1.5%m/m, while multifamily startsfell by17.8%m/m.On a year-over-year basis, residential starts are down17.0% compared to January 2025,with single family startsdown21.5% and multifamily starts down9.2%.

For the 12 months endingJanuary2026, total residential starts fell6.0%. Single family starts fell15.2% compared to the 12 months endingJanuary2025, and multifamily starts increased13.6% over the same period.

The largest multifamily structures to break ground inJanuarywere the$335million38 Gramercy Park East CondominiumsinNew York, New York, the $265millionLakeview ResidenceinWest Palm Beach,Floridaand the $200millionHomestead Gateway Mixed Residential TowerinJersey City,New Jersy.

Nonresidential

Nonresidential building startsdecreased15.4%inJanuarytoa seasonally adjusted annual rate of$378billion. Commercial starts weredown27.3%,alongsidea dropin offices and data centers (-52.2% m/m),parking garages (-6.7% m/m)andhotels (-17.4% m/m). Meanwhile,warehouses (+10.2% m/m)andretail starts (+6.5% m/m)posted an increasebetweenDecemberandJanuary. Institutional startsdeclined15.2%, driven by weaker education (-21.9% m/m) and miscellaneous institutional (-26.1% m/m) starts. This decline was partially offset by10.5% m/m growth in healthcare facility starts. Manufacturing, meanwhile, pulledup by97.5% inJanuary.On a year-over-year basis, nonresidential starts are down10.3% compared to January 2025. Commercial starts areup14.2%andinstitutional starts are down29.6% over the same period.

For the 12 months endingJanuary2026, total nonresidential starts were up5.5% compared to the 12 months endingJanuary2025. Commercial starts were up19.4%, institutional startsdecreased4.4%, and manufacturing starts wereup3.5% over the same period.

The largest nonresidential building projects to break ground inJanuarywere the$1.2billionNew York Presbyterian Cancer CenterinNew York, New York, the$1 billionAmkor Semiconductor Advanced Packaging(Phase 1)inPeoria,Arizonaand the $714 millionQTS CLT1 Data Center(Phase1) inYork,South Carolina.

Nonbuilding

Nonbuilding constructionstartsgrew24.3% inJanuaryto a seasonally adjusted annual rate of$522billion.The category washeld upsolelyby the electric power/utilities which soared by 184.8%.Howeverhighways and bridges (-42.3% m/m),miscellaneous nonbuilding(-31.5% m/m)and environmental public works (-5.9% m/m)faced declines.

For the 12 months endingJanuary2026, total nonbuilding starts were up21.0%.Environmental public worksfellby5.3% compared to the 12 months endingJanuary2025.Highway and bridge starts were up3.4%, miscellaneous nonbuilding starts were up36.2%andutility/gas starts increased67.9% over the same period.

The largest nonbuilding projects to break ground inJanuaryincluded the$12billionPort Arthur LNG – Liquefaction Phase 2 (Trains 3 & 4)inPort Arthur, Texas, the$6 billionHomer City Energy Campus 4.4GWinHomer City, Pennsylvaniaand the$1.5 billionTehuacana Creek 1 Solar and Battery Storageproject inNavarro,Texas.

Regionally,total construction starts inJanuaryroseintheNortheast (+32.0%m/m),the South Central (+9.6% m/m), andthe South Atlantic (+2.2% m/m).Meanwhile, starts slowed down inthe West (-21.1% m/m)and the Midwest (-12.6% m/m).

Startsfeb Monthly Chart

Startsfeb Ytd Chart

Startsfeb Bar Chart

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Dodge Momentum Index Declines 6% in January /company-news/dodge-momentum-index-declines-6-in-january/ Fri, 06 Feb 2026 15:07:31 +0000 /?p=27053   Nonresidential Planning Levels Off;Data CentersContinue to Support Strong Levels BOSTON, MA–February 6,2026—The Dodge Momentum Index (DMI), issued byDodgeҴýapp Network, declined 6.3% in January to 272.7 (2000=100) from the downwardly revised December reading of 291.0. Over the month, commercial planning fell 7.2% and institutional planning momentum slowed by 4.4%. “Planning momentumcooled in January across...

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Nonresidential Planning Levels Off;Data CentersContinue to Support Strong Levels

BOSTON, MA–February 6,2026The Dodge Momentum Index (DMI), issued byDodgeҴýapp Network, declined 6.3% in January to 272.7 (2000=100) from the downwardly revised December reading of 291.0. Over the month, commercial planning fell 7.2% and institutional planning momentum slowed by 4.4%.

“Planning momentumcooled in January across most commercial and institutional sectors,” said Sarah Martin, Associate Director of Forecasting at Ҵýapp. “Data center projects continue to lead the way, but afterelevated activity in late 2025,mostnonresidential sectors are now easing into amore sustainablegrowth pattern.”

On the commercial side, planning momentum slowed across all commercial sectors apart from retail stores. Within institutional planning, education, healthcare and public building planning slowed in January – while recreational and religious building projects continued to expand.

Year-over-year, the DMI was up 29% when compared to January 2025. The commercial segment was up 26% (+17% when data centers are removed) and the institutional segment was up 34% over the same period.

A total of 35 projects valued at $100 million or more entered planning throughout January. The largest commercial projects included the $500 million IEP Data Center (Project Hummingbird) in Monongahela Township, Pennsylvania, the $400 million Mountain Road Technology Park Data Center in Glen Allen, Virginia, and the $350 million Bitfarm Data Center in Nesquehoning, Pennsylvania. The largest institutional projects to enter planning were the $250 million USACE Barracks in Fort Hood, Texas, the $175 million UEPH Barracks at Joint Base Myer-Henderson in Arlington, Virginia, and the $148 million Eurofins Lancaster Biopharmaceutical Laboratory and Office Building in Lancaster, Pennsylvania.

The DMI is a monthly measure based on the three-month moving value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year to 18 months.

Line Graph

Table

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Ҵýapp Starts Grow 3% in December /company-news/construction-starts-grow-3-in-december/ Fri, 23 Jan 2026 15:04:47 +0000 /?p=27037 Nonbuilding & data center startsdrove 2025 growth.   BOSTON,MA—January23, 2026—Total construction startsexpanded2.6% inDecemberto a seasonally adjustedannual rate of$1.24trillion,according toDodge ҴýappNetwork. Nonresidential building starts fell by 6.6%, residential starts increased 1.0%, and nonbuilding starts grew 16.3% over the month. For the full year, total construction starts expanded 5.4%. Nonresidential starts were up 4.5%, residential starts were...

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Nonbuilding & data center startsdrove 2025 growth.

 

BOSTON,MA—January23, 2026—Total construction startsexpanded2.6% inDecemberto a seasonally adjustedannual rate of$1.24trillion,according to. Nonresidential building starts fell by 6.6%, residential starts increased 1.0%, and nonbuilding starts grew 16.3% over the month. For the full year, total construction starts expanded 5.4%. Nonresidential starts were up 4.5%, residential starts were down 4.8% and nonbuilding starts were 18.7% higher when compared to 2024.

“Nonbuildingconstruction, alongside data centers,wasthe primary engine of growthin 2025, supporting a 5.4% expansionin thetotaldollar-valueofstarts,”statedSarah Martin, Associate Director of Forecasting at Ҵýapp. “In square footage terms, however, building starts declined 4.7% alongside weaker residential, manufacturing, and institutionalactivity.”

Residential

Residential building starts rose by 1.0% in December to a seasonally adjusted annual rate of $370 billion. Single family starts decreased 4.5% m/m, while multifamily starts gained 10.2% m/m. In 2025, residential starts decreased 4.8% – with single family starts down 13.2% and multifamily starts up 13.1%.

The largest multifamily structures to break ground inDecemberwere the$502 million Launiu Ward Village Condominiums in Honolulu, Hawaii, the $500 million The Alloy Block Residential Tower (Phase 2) in Boerum Hill, New York and the $272 million SDSU Mission Valley Residential Building in San Diego, California.

Nonresidential

Nonresidential building startsdecreased6.6%inDecembertoa seasonally adjusted annual rate of$450billion. Commercial starts wereup9.8%,alongsidegrowth in offices and data centers (+7.4% m/m),parking garages (+38.8% m/m), hotels (+74.4% m/m) and warehouses (+0.7% m/m). Meanwhile, retailstarts(-12.2% m/m) posted a decline between November and December. Institutional startsdeclined16.3%, driven by weaker education (-18.2% m/m) and miscellaneous institutional (-26.9% m/m) starts. This decline was partially offset by 7.9% m/m growth in healthcare facility starts. Manufacturing, meanwhile, pulled back 30.8% in December. In 2025, nonresidential startsimproved4.5%. Commercial and industrial starts expanded 10.9% andinstitutional starts receded 1.9% when compared to 2024.

The largest nonresidential building projects to break ground inDecemberwere the$1 billionGoogle Data Center (Phase 1) in West Memphis, Arkansas, the $750 million CyrusOne Data Center in Whitney, Texas and the $714 million SNA Data Center (Phase 2) in Cedar Rapids, Iowa.

Nonbuilding

Nonbuilding construction starts grew 16.3% in December to a seasonally adjusted annual rate of $422 billion. Highways and bridges (+85.2% m/m) and miscellaneous nonbuilding (+35.9% m/m) supported growth, while environmental public works (-26.9% m/m) and electric power/utilities (-9.0% m/m) faced declines.

The largest nonbuilding projects to break ground inDecember included the $3.5 billion Port Authority Midtown Bus Terminal (Phase 1) in New York, New York, the $1.6 billion Entergy Legend Power Station (754 MW) in Port Arthur, Texas and the $1.5 billion LAX Airport Roadway Improvements project in Los Angeles, California.

Regionally, total construction starts in December rose in the Northeast (+12.1% m/m), the South Central (+15.6% m/m), and the West (+6.9% m/m). Meanwhile, starts slowed down in the South Atlantic (-2.9% m/m) and the Midwest (-19.0% m/m)

Startsjan26 Monthly

Starts Jan26 YTD

Starts Jan26 Bar Chart

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Dodge Momentum Index Grows 7% in December /company-news/dodge-momentum-index-grows-7-in-december/ Thu, 08 Jan 2026 15:00:08 +0000 /?p=27029   Economic Risks Persist, but Key Sectors Signal Positive 2027 Outlook BOSTON, MA–January8,2026—The Dodge Momentum Index (DMI), issued by Ҵýappgrew7.0%inDecemberto296.8(2000=100) from theupwardlyrevisedNovemberreading of277.4.Over the month,commercial planningimproved3.5%andinstitutional planningincreasedby14.9%.In 2025, theDMIwasup37% from the average reading in 2024. The commercialportionwas up 35%andthe institutionalportionwas up 43% over the same period. “Nonresidential constructionstarts(excluding manufacturing and transportation)areprojected toaccelerate in...

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Economic Risks Persist, but Key Sectors Signal Positive 2027 Outlook

BOSTON, MA–January8,2026The Dodge Momentum Index (DMI), issued by Ҵýappgrew7.0%inDecemberto296.8(2000=100) from theupwardlyrevisedNovemberreading of277.4.Over the month,commercial planningimproved3.5%andinstitutional planningincreasedby14.9%.In 2025, theDMIwasup37% from the average reading in 2024. The commercialportionwas up 35%andthe institutionalportionwas up 43% over the same period.

“Nonresidential constructionstarts(excluding manufacturing and transportation)areprojected toaccelerate in 2027 alongside sustainedplanningmomentum in data center, healthcare and recreationalbuildingconstructionthroughout 2025,”statedSarah Martin, Associate Director of Forecasting at Ҵýapp.“Inflationary pressures willfurther support nominal activity levels, even aseconomic risksremainelevated. Notably, projects moved through the planning process marginally quicker in25-Q4(16 months vs.18 monthsin 25-Q3), offering a modest boost to our near-termoutlook.”

On the commercial side, planning momentum accelerated most strongly for warehouses, officebuildingsand data centers. Within institutional planning, education and recreational building activity showed the strongest growth, while planning for public buildings pulled back after elevated activity in mid-2025.Year-over-year, theDMIwas up50% when compared toDecember2024. The commercial segment was up45%(+30% when data centers are removed)andthe institutional segment was up60% over the same period.

A total of34projects valued at $100 million or moreenteredplanning throughoutDecember.The largest commercial projectsincludedfour phases of the Google Data Center Campus in Summit, Oklahoma – each valued at $500 million dollars. Additionally, Phases 2 and 3 of the Central Park Data Information ProcessingCenterin Loxahatchee, Florida entered planning – valued at $473 million and$431 millionrespectively.The largest institutional projects to enter planning were the$450 million Atrium Health Hospital in Fort Mill, South Carolina, the $295 million St. Joseph Hospital Tower (Phase 2 Expansion) in Stockton, California, and the $182 millionSunRayCasino and Park in Clovis, New Mexico.

TheDMIis a monthly measurebased on the three-month movingvalue ofnonresidential building projectsgoing intoplanning, shown to lead construction spending for nonresidential buildings by a full yearto18 months.

Dec25 Dmi ChartDec25 Dmi Graph

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Ҵýapp Starts pull back 20.5% in November /company-news/construction-starts-pull-back-20-5-in-november/ Mon, 22 Dec 2025 19:57:30 +0000 /?p=27019 A lack of megaprojects normalized activity.   BOSTON, MA — December 22, 2025 —Total construction starts were down 20.5% in November to a seasonally adjusted annual rate of $1.22 trillion, according to Ҵýapp. Nonresidential building starts fell by 13.4%, residential starts increased 13.3%, and nonbuilding starts dropped 43.7% over the month. On a...

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A lack of megaprojects normalized activity.

 

BOSTON, MA — December 22, 2025 —Total construction starts were down 20.5% in November to a seasonally adjusted annual rate of $1.22 trillion, according to Ҵýapp. Nonresidential building starts fell by 13.4%, residential starts increased 13.3%, and nonbuilding starts dropped 43.7% over the month. On a year-to-date basis through November, total construction starts were up 5.1% from last year. Nonresidential starts were up 4.7%, residential starts were down 4.9% and nonbuilding starts were 17.5% higher over the same period. For the 12 months ending November 2025, total construction starts were up 5.7% from the 12 months ending November 2024. Residential starts were down 3.6%, nonresidential starts grew 4.8%, and nonbuilding starts were up 18.0% over the same period.

“A lack of megaproject activity contributed to a weak November for construction starts,” stated Eric Gaus, Chief Economist at Ҵýapp. “There were only 2 structures over a billion dollars. Looking through the noise of the last two months, the trajectory of the last half of 2025 has been much better than the first half.”

Residential

Residential building startsrose by 13.3% inNovemberto a seasonally adjusted annual rate of$368billion. Single familystartsincreased 3.1%, while multifamily startsjumped 35.6%. On a year-to-date basis throughNovember, residential starts are down4.9% – with single family starts down12.8% and multifamily starts up12.4%.

For the 12 months endingNovember2025, total residential starts fell3.6%. Single family starts fell11.2% compared to the 12 months endingNovember2024, and multifamily starts increased12.4% over the same period.

The largest multifamily structures to break ground inNovemberwere the $391millionResidential Mixed Use, in Seattle, WA, the $228millionMarine Drive Apartments/Parking – Phase 1inBuffalo,NYand the $224millionNamdar Mixed-Use Residential-Swimming Pool-Parking Phase 2inMiami,FL.

Nonresidential

Nonresidential building startsdecreased 13.4%inNovembertoa seasonally adjusted annual rate of$485billion. Commercial starts weredown 25.8%,alongsidedeclinesin offices and datacenters (-40.5%m/m) andhotels(-33.2%m/m). Meanwhile,parkinggarages(30.5% m/m),retail stores(8.3% m/m)andwarehouses(6.4% m/m)posted growthbetweenOctoberandNovember. Institutional startsimproved11.4%, driven by gains inpublic(+78.8% m/m)and education buildings (+32.1% m/m)–butoffset by declines inamusement(-51.1.8% m/m) anddormitories(-45.9% m/m). Manufacturing activityremainsvolatile,falling 50.7% inNovember.On a year-to-date basis throughNovember, nonresidential starts areup4.7%compared tothe firstelevenmonths of2024. Commercialand industrialstarts areup11.6%andinstitutionalstarts aredown2.0%over the same period.

For the 12 months endingNovember2025, total nonresidential starts wereup4.8%compared to the 12 months endingNovember2024. Commercial starts were up19.9%, institutional startsdeclined 1.5%, and manufacturing starts were down13.7%over the same period.

The largest nonresidential building projects to break ground inNovemberwere the$1.8LAXTerminal 5 Renovation & Reconstructionin Los Angeles, CA., the$800millionAmazon – Southern Site – Data CenterinOlive Township, IN,andthe $797millionNew UCSF Benioff Children’s Hospital CampusinOakland,CA.

Nonbuilding

Nonbuildingconstructionstarts declined 43.7% inNovemberto a seasonally adjusted annual rate of$362 billion.Miscellaneous nonbuilding (-70.4% m/m)drove thedeclines, along withutilities (-61.4 m/m) and Highway and bridges (-4.9%). Environmental public worksstartsroseby6.8% over the month.On a year-to-datebasis throughNovember, nonbuilding starts were up17.5%,alongside gains in miscellaneous nonbuilding (+42.6% m/m), utilities (+49.5%), highways and bridges (+1.7%)whileenvironmental public worksdeclined 1.4%.

For the 12 months endingNovember2025, total nonbuilding starts were up18.0%. Environmental public works improved by2.0% compared to the 12 months endingNovember2024. Highway and bridgestartswere up2.1%, miscellaneous nonbuilding starts were up40.6%andutility/gas starts increased47.8% over the same period.

The largest nonbuilding projects to break ground inNovemberincluded the$1.7billionEntergy Meta Substations – 500kv Line (Sarepta to Mt Olive)inRayville,LAthe $922millionEasley Renewable Energy Solar Array 400MW/650MW BESSinDester Center,CAand the $900millionThe New Castle Bluff Energy Center Natural Gas Power PlantinSt Louis, MO.

Regionally,total construction starts inNovemberroseintheNortheast (+17.9%), andthe West (+3.7% m/m). Startsdeclined in theSouth Central(-49.2% m/m),Midwest (-7.7% m/m),and theSouth Atlantic(-8.4% m/m)betweenOctoberandNovember.

Dec25 Monthly Chart

Dec25 YTD Chart

Dec25 Dodge Index

 

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Dodge Momentum Index Decreases 1% in November /company-news/dodge-momentum-index-decreases-1-in-november-2/ Fri, 05 Dec 2025 15:06:25 +0000 /?p=27001   Nonresidential Planning Pipeline Continues to Settle BOSTON, MA – December 5, 2025 — The Dodge Momentum Index (DMI), issued by Ҵýapp, decreased 1.1% in November to 276.8 (2000=100) from the downwardly revised October reading of 280.0. Over the month, commercial planning ticked down 0.1% and institutional planning declined by 3.4%. Year-to-date, the...

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Nonresidential Planning Pipeline Continues to Settle

BOSTON, MA – December 5, 2025 The Dodge Momentum Index (DMI), issued by Dodge Ҵýapp Network, decreased 1.1% in November to 276.8 (2000=100) from the downwardly revised October reading of 280.0. Over the month, commercial planning ticked down 0.1% and institutional planning declined by 3.4%. Year-to-date, the DMI is up 36% from the average reading over the same period in 2024.

“The influx of high-value data center work, compounded by inflationary cost pressures, continues to support elevated DMI levels,” stated Sarah Martin, Associate Director of Forecasting at Ҵýapp. “Overall, nonresidential construction is expected to strengthen in 2027, led primarily by data center and healthcare projects. Other nonresidential sectors are more likely to face softer demand and heightened macroeconomic risks.”

On the commercial side, activity slowed down for warehouses and hotels, while planning momentum was sustained for data centers, traditional office buildings and retail stores. On the institutional side, education, healthcare, public and recreational planning saw weaker momentum, after strong activity in recent months. Planning for religious buildings, however, continued to accelerate. Year-over-year, the DMI was up 50% when compared to November 2024. The commercial segment was up 57% (+36% when data centers are removed) and the institutional segment was up 37% over the same period.

A total of 28 projects valued at $100 million or more entered planning throughout November. The largest commercial project included the $406 million Novva Mesa Data Center (Phase 2, 204MW) in Mesa, Arizona, the $317 million Compass Data Center (Buildings 4 & 5) in Hoffman Estates, Illinois, and the Medina Technology Data Center Park in Medina, Texas. The largest institutional projects to enter planning were the $425 million Novi School Renovations in Novi, Michigan, the $250 million James City County Government Complex relocation in Williamsburg, Virginia and the $180 million Police and Fire Administration Headquarters in Mountain View, California.

The DMI is a monthly measure based on the three-month moving value of nonresidential building projects going into planning, shown to lead construction spending for nonresidential buildings by a full year to 18 months.

DMI Chart 1 Nov25

DMI Chart 2 Nov25

 

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