Posts Tagged ‘ Richard Branch ’

Construction Rises but Can Builders Finish With so Few Hands?

Feb 1st, 2024

The labor market showed significant improvements over 2022-23. But for construction, that trend was destined to change, experts warned [DWM]. By mid-2023, the number of workers needed had reached the mid-300,000 range, after peaking at over 500,000. Those improvements were attributed mostly to a decrease in starts among single-family homes, said Robert Dietz, chief economist […]

With the New Year Comes New Confidence for Builders

Jan 18th, 2024

The new year rang in bright for homebuilders, says Associated Builders and Contractors (ABC) chief economist Anirban Basu. The association’s Construction Backlog Indicator rose to 8.6 months in December from 8.5 months in November. This is according to an ABC member survey conducted December 20 through January 4. “Collectively, contractors experienced an uptick in optimism […]

Construction Remains Flat in September

Oct 30th, 2023

Dodge Construction Network released its September report last week, showing declines across three major construction sectors. The residential sector “led the tumble,” the firm’s analysts said, falling by 6%, at 394,000 starts. Total starts for August were 419,842. A closer look shows that single-family starts offered a small silver lining, gaining by 1% on a […]

Dodge: Future of Construction ‘Bright’ Despite ‘Elements of a Recession’

Mar 2nd, 2023

In November of last year, analysts at Dodge Construction Network predicted that the United States would “narrowly avoid recession,” alongside a slowdown in economic growth. While the firm holds true to that prediction in its new 2022 year-end report, analysts now say that those in the construction sector “can expect to feel elements of a […]

A Glimpse of the Post-Pandemic Industry Recovery

Nov 12th, 2020

This time last year, economists at the 81st Annual Dodge Construction Outlook Conference didn’t expect a recession to occur within the next 12 months. Then the COVID-19 pandemic changed the global economic landscape. At the Dodge Construction Outlook 2021 Virtual Conference, Dodge Data & Analytics chief economist Richard Branch provided a look at where each […]

Dodge Report Shows Steep Drop in Metro-Based Multi-Family Projects

Aug 13th, 2020

With experts predicting a flight from high-density areas to the suburbs amid COVID-19 and recent statistics showing a 9.1% increase of interest in those areas among homebuyers, a new report from Dodge Data and Analytics shows that the multifamily sector may already be suffering consequences. In July, readings for single-family sales rebounded after interest rates […]

Dodge Outlook Conference Answers Recession Questions

Nov 4th, 2019

Are we heading into a recession? That was the question on many people’s minds at the 81st Annual Dodge Construction Outlook Conference in Chicago, as economic growth begins to slow. The answer is that a recession is not likely within the next 12 months, according to two economists, but a slowdown is headed for the […]