Total number of construction starts decreases in August


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HAMILTON, New Jersey, September 20, 2021– (BUSINESS WIRE) – Total construction starts fell 9% in August to a seasonally adjusted annual rate of $ 782.8 billion, according to Dodge Data & Analytics. All three sectors lost ground during the month: non-residential starts fell 2%, residential starts 9% and non-residential building starts 13%.

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Start of construction in August 2021 (Source: Dodge Data & Analytics)

“Construction starts have had a tough time following the euphoria seen at the start of the pandemic recovery,” said Richard Branch, chief economist at Dodge Data & Analytics. “The Delta variant has raised concerns that the nascent economic recovery may stall, compromising the already low level of demand for most types of non-residential buildings. In addition, significant increases in the prices of building materials, logistical constraints and labor shortages make the situation difficult. worse. Housing starts are expected to remain volatile over the next few months. However, the dollar value of projects entering planning continues to suggest that housing starts are expected to pick up again early in the new year. “

Below is the full breakdown:

  • Non constructible construction departures lost 2% in August to a seasonally adjusted annual rate of $ 167.8 billion. Starts in the environmental public works category (water-related projects) advanced 4%, while miscellaneous non-construction (heavy pipes) starts rose 14%. Meanwhile, highway and bridge starts fell 4% and utility / gas plants fell 21% after a big gain in July. Year-to-date, total non-construction housing starts rose 1% through August. Environmental public works rose 23%, and gas and utility facility starts rose less than a percentage point through August. Housing starts in the highways / bridges (-2%) and miscellaneous non-construction (-19%) sectors fell in the first eight months of the year.

    For the 12 months ending August 2021, total non-construction housing starts were 2% lower than for the 12 months ending August 2020. down 17% and miscellaneous non-construction starts were down Decreased 22% on a rolling 12 month basis.

    The largest non-constructive projects will be launched in August were the $ 677 million Oak Hill Parkway in Austin, Texas, the $ 351 million south expansion of the Kansas City light rail system in Kansas City, MO, and the $ 300 million first phase of the solar project. Dunns Bridge in Wheatfield Township, IN.

  • Start of non-residential construction fell 13% in August to a seasonally adjusted annual rate of $ 244.9 billion. The declines were widespread across all types of buildings, with few positive points. Commercial starts fell 10%, institutional starts fell 15% and manufacturing starts fell 37% after a large gain in July. Despite overall losses, there were gains in retail, parking and public buildings. Since the start of the year up to eight months, starts of non-residential buildings have increased by 3%. Commercial starts rose 2% and manufacturing starts rose 33%. Housing starts, however, were 1% lower over eight months.

    For the 12 months ending August 2021, non-residential building starts were 8% lower than for the 12 months ending August 2020. August 2021.

    Biggest non-residential construction projects to launch in August were the $ 800 million first phase of the Eastmark Parkway Facebook data center in Mesa, AZ, the $ 400 million Facebook data center in Springfield, NE, and the 350 million Pratt & Whitney Project Ranger manufacturing building. dollars in Asheville, North Carolina.

  • Start of residential construction lost 9% in August to a seasonally adjusted rate of $ 370.2 billion. Single-family housing starts fell 12% in August, while multi-family housing starts rose 1%. Eight-month housing starts were 24% higher than in the same period a year ago. Single-family housing starts rose 29%, while multi-family housing starts rose 13%.

    For the 12 months ending August 2021, total residential starts were 21% higher than for the 12 months ending August 2020. Single-family housing starts rose 28%, while housing starts were up 28%. in collective housing projects increased by 2% on a 12-month sum basis.

    The largest multi-family structures inaugurated in August were the $ 615 million Flamingo Crossing Apartments in Winter Garden, FL, the $ 400 million 1018 West Peachtree Apartments in Atlanta, GA, and the $ 374 million Victoria Place Gateway Tower in Honolulu, HI.

About Dodge Data & Analytics

Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting and analysis services, and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors and service providers use Dodge to identify and research unprecedented growth opportunities that help them grow their businesses. Locally, regionally or nationally, Dodge empowers customers to better understand their markets, uncover key relationships, seize growth opportunities and successfully pursue specific sales opportunities. The information on the company’s construction projects is the most comprehensive and verified in the industry.

On April 15, Dodge Data & Analytics and The Blue Book, the largest and most active network in the commercial construction industry in the United States, merged their businesses. The Blue Book Network offers three unprecedented databases of companies, projects and people.

Dodge and The Blue Book offer over 10 billion data items and over 14 million research projects and documents. Together, they provide a unified approach to new business generation, business planning, research, and marketing services that users can leverage to find the best partners to complete projects and interact with customers and prospects to promote. projects, products and services. To learn more, visit construction.com and thebluebook.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210920005166/en/

Contacts

Allison heard
104 West partners
[email protected]


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