How construction starts fare by US region | Dump Trucks Charlotte NC
Construction Dive is taking a look at the four different regions of the U.S. and how analysts expect these construction markets to rebound from the pandemic.
U.S. construction starts across the board should continue to grow for the rest of the year, despite economic and geopolitical headwinds, according to a Dodge mid-year construction outlook webinar.
The war in Ukraine, supply chain issues and rising inflation are weakening construction starts, but Dodge economists still expect positive growth for construction, boosted by a number of projects in backlog.
Still, these experts peg the probability of a recession within the next year or so “uncomfortably high” – close to 35%.
Others have a glass-half-full outlook. Moody’s Analytics Chief Economist Mark Zandi said earlier this week the U.S. economy is not headed toward recession, “nor is it the most likely path for the economy.”
This series consists of construction data, anecdotal projects and forecasts for the West, Midwest, Northeast and South regions in the U.S.
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Dodge: Construction starts jump, pipeline strong
By Sebastian Obando • May 25, 2022Commercial building grows despite supply chain issues, the war in Ukraine and rising inflation, but a recession would slow that growth, an economist said. Read the full article ➔
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Manufacturing projects boost starts in Western states
By Sebastian Obando • May 31, 2022Clients looking to build a more reliable supply chain, via projects like chip plants, will drive growth in the sector, said a senior economist at Dodge. Read the full article ➔
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Northeast construction starts slow following rebound last year
By Sebastian Obando • June 3, 2022The headwinds of inflation, supply chain issues, COVID-19 and a potential recession mute activity in the region, according to Dodge Data & Analytics. Read the full article ➔
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Midwest starts lag national average
By Sebastian Obando • June 7, 2022The power and gas plant sector in the region, particularly its solar energy and wind farms, shows robust activity. Read the full article ➔
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Texas, Florida boost construction starts in the South
By Sebastian Obando • June 9, 2022Warehouse activity continues to grow, but Dodge expects deceleration in the sector. Read the full article ➔
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