Construction Dive’s Post

Will lower interest rates unleash a surge in construction projects? Take a look at this Didge report that highlights the impact of interest rate hikes on construction activity.

Construction Starts Increase 6% in August Total construction starts rose 6% in August to a seasonally adjust annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2% in August. On a year-to-...Read More>>> https://buff.ly/3TGcoXv #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

The 9 largest commercial construction starts of August 2024 The construction sector should begin to feel relief now that the Federal Reserve has begun to lower rates, said Richard Branch, chief economist of Dodge Construction Network. Total construction starts jumped 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge. That positive momentum should continue to move forward at a modest pace, especially around the first quarter of 2025, said Branch. “The Dodge Momentum Index has been steady, indicating that owners and developers feel reasonably confident that market and financial conditions will improve,” said Branch. “Improve they will, but it will take successive rate cuts before they feel comfortable moving these projects forward to start.” Here are the top nine U.S. projects to break ground in August: The $2.9 billion terminal 3 modernization at the San Francisco International Airport in San Francisco. The $1.3 billion Marshall County EV plant in Byhalia, Mississippi. The $900 million Geisinger Wyoming Valley Hospital in Wilkes-Barre, Pennsylvania. The $861 million South Brooklyn Terminal for offshore wind production in Sunset Park, New York. The $813 million second phase of the Bellefield Solar farm in California City, California. An unnamed $631 million paving project in Honolulu, Hawaii. The $332 million West Brighton I & II Apartments in Richmond County, New York. The $248 million The Downs mixed-use building in Northville, Michigan. The $235 million Cooper Park Commons in East Williamsburg, New York. Source- https://lnkd.in/gWrRfRXT #news #construction #engineering #business #ceo #trend #research #size

Construction Starts Increase 6% in August Total construction starts rose 6% in August to a seasonally adjust annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2% in August. On a year-to-date basis...Read More>>> https://buff.ly/3TGcoXv #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Construction pros are cautiously optimistic after the Fed’s rate cut. Lower rates could mean new project starts, but it may take time for the full impact to kick in. Read more in this Construction Dive article. #Construction #FutureOfConstruction #CFS #CFSteel #ColdFormedSteel #LGS #SteelFraming #Prefab https://hubs.li/Q02STx_f0

Construction Starts Increase 6% in August Total construction starts rose 6% in August to a seasonally adjust annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2% in August. On a year-to-date basis...Read More>>> https://buff.ly/3TGcoXv #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

👷♂️🏗️ Exciting news for the construction industry! 📈 The latest report from Construction News reveals that the growth rate has hit a two-year high. Find out more about this significant development that impacts our industry. Check out the full article here: https://lnkd.in/eqsMwfGw #ConstructionNews #IndustryUpdates #ConstructionGrowth 🚧📈

Exciting times ahead

The 9 largest commercial construction starts of August 2024 The construction sector should begin to feel relief now that the Federal Reserve has begun to lower rates, said Richard Branch, chief economist of Dodge Construction Network. Total construction starts jumped 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge. That positive momentum should continue to move forward at a modest pace, especially around the...Read More>>> https://buff.ly/3YjEVnc #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

The 9 largest commercial construction starts of August 2024 The construction sector should begin to feel relief now that the Federal Reserve has begun to lower rates, said Richard Branch, chief economist of Dodge Construction Network. Total construction starts jumped 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge. That positive momentum should continue to move forward at a modest pace, especially around the...Read More>>> https://buff.ly/3YjEVnc #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction