March Construction Holds Steady

Forecasts & Trends

McGraw Hill, New York, N.Y. – April 21, 2010 – New construction starts in March came in at a seasonally adjusted annual rate of $435.6 billion, essentially unchanged from the previous month, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.  Improved activity in March was shown by two of construction’s three main sectors – nonresidential building and housing.  The third sector, nonbuilding construction (public works and electric utilities), retreated in March after its elevated amount in February.  Through the first three months of 2010, total construction on an unadjusted basis was reported at $91.9 billion, up 2% compared to the same period a year ago.

The March data brought the Dodge Index to 92 (2000=100), the same as February’s revised reading.  The Dodge Index hit bottom back in February 2009 at 82, and since then it has basically stabilized at a low level, hovering in the range of 85 to 95.  “The pattern of total construction starts over the past year has made the transition from steady decline to at least low level stability, with the occasional hint of slight upward movement,” stated Robert A. Murray, vice president of economic affairs for McGraw-Hill Construction.  “After the steep correction witnessed over the past ........read more

Project Technology Solutions (ProTech)
Preferred Dealer for Procore Construction Cloudware - Web Based Construction Project Management
866-570-4640

Posted by ProTech at 4/23/2010 2:36 PM
Categories: uncategorized
Tags: construction project management project management construction software protech project management software construction new technology construction management construction construction technology web based construction software Construction management construction PM construction project management software save money in construction web-based construction project management software Construction construction pm web based construction project management software cloudware saving money in construction
 

What did you think of this article?




Trackbacks
Trackback specific URL for this post
  • No trackbacks exist for this post.
Comments
Display comments as (Linear | Threaded)

Leave a comment

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.