Issue link: https://read.dmtmag.com/i/434930
70 • JANUARY 2015 • WORLD FENCE NEWS The Dodge Report October construction starts recede four percent NEW YORK — The value of new construction starts settled back 4% in October to a seasonally adjusted an- nual rate of $589.8 billion, according to Dodge Data & Analytics (formerly McGraw Hill Construction). The de- cline followed the 10% increase re- ported in September, which was the strongest month for total construction $10.8 billion 'patch' to the Highway Trust Fund, although the month-to- month performance for nonbuilding construction still reflects the swings shown by the volatile electric utility category. The continued growth for residential building in 2014 is being led by multifamily housing, featuring groundbreaking for numerous mul- tifamily high-rises in major cities, while single family housing remains stalled for now. Nonresidential building in Oc- tober fell 14% to $195.2 billion (an- nual rate), following its 13% jump in September. The institutional building group, after especially strong activity in September, pulled back 19%. The amusement and recreational cat- egory in September had been lifted by the start of such projects as the $948 million Atlanta Falcons stadium in Atlanta and a $717 million casino in the Washington, D.C. area. While October did include the start of the $300 million arena for the Sacramento Kings in Sacramento, Ca- lif., the comparison to the exceptional volume in September produced a 57% decline for the amusement and recre- ational category. Educational facilities in October slipped 5%, easing back from earlier gains, although the latest month did include groundbreaking for a $201 million University of Texas research center in Austin, Tex. Other educa- tional facilities projects that reached groundbreaking in October includ- ed three large high schools, located respectively in Houston ($128 mil- lion), San Antonio ($111 million), and Casper, Wyo. ($102 million). October declines were also re- ported for transportation terminals, down 16%; and public buildings, down 23%. The healthcare facilities category in October was able to rise 11%, with support coming from the start of a $200 million hospital in Buffalo, N.Y. and a $172 million medical center in Austin. Church construction, while still at a very depressed level, improved 17% in October. The commercial building group in October held steady with its Sep- tember pace, reflecting a mixed pat- tern by project type. Store construction grew 12%, lift- ed by a $150 million mall expansion in King of Prussia, Penn., while ware- house construction advanced 31%. Office construction in Octo- ber slipped 7%, although the latest month did include groundbreaking for for multifamily housing. During the first 10 months of 2014, total construction starts on an unadjusted basis were $475.8 billion, up 5% from the same period a year ago. The October statistics lowered the Dodge Index to 125 (2000 =100), compared to a revised 129 for Septem- ber. October's reading for the Dodge Index was the same as the 125 average for the third quarter and above the 117 average for this year's January-Sep- tember period. Recent months have shown an up- and-down pattern for construction starts around what is still a rising trend, stated Robert A. Murray, chief economist for Dodge Data & Analytics. Non- residential building is making a more substantial contribution this year to the construction expansion, notwith- standing its October decline. Various factors affecting activity for this sector continue to be positive. Market fundamentals such as occu- pancies and rents are strengthening, the investment community is turning increasingly to real estate develop- ment, and more construction bond measures are getting passed, includ- ing several substantial school con- struction bond measures that achieved passage in Texas during the most re- cent election, he said. This year's retreat by nonbuild- ing construction has stayed measured, helped in the near term by the recent starts so far in 2014. Both nonresi- dential building and nonbuilding con- struction lost momentum in October, while residential building posted a moderate gain given further growth continued on page 72 Both nonresidential building and nonbuilding construction lost momentum in October, while residential building posted a moderate gain given further growth for multifamily housing. )HQFHWHFK *ROI7RXUQDPHQW DĂƌƌŝŽƩ'ƌĂŶĚWŝŶĞƐ'ŽůĨŽƵƌƐĞ ϲϯϱϭ/ŶƚĞƌŶĂƟŽŶĂů'ŽůĨůƵďZŽĂĚͼKƌůĂŶĚŽ͕&ůŽƌŝĚĂϯϮϴϮϭh^ >ŽĐĂƚĞĚĂďŽƵƚϯŵŝůĞƐĨƌŽŵƚŚĞKƌůĂŶĚŽŽŶǀĞŶƟŽŶĞŶƚĞƌ tĞĚŶĞƐĚĂLJ͕&ĞďƌƵĂƌLJϰƚŚ͕ϮϬϭϱ ϴ͗ϯϬĂ͘ŵ͘^ŚŽƚŐƵŶ^ƚĂƌƚ ,ĞůƉ^ƉŽŶƐŽƌƚŚĞ 'ŽůĨdŽƵƌŶĂŵĞŶƚ͊ ĂŶƋƵĞƚ^ƉŽŶƐŽƌ;YƚLJϮͿ ΨϮ͕ϬϬϬĂĐŚ ĞǀĞƌĂŐĞĂƌƚ^ƉŽŶƐŽƌ;YƚLJϮͿΨϭ͕ϱϬϬĂĐŚ dƌĂŶƐƉŽƌƚĂƟŽŶ^ƉŽŶƐŽƌ;YƚLJϮͿΨϭ͕ϬϬϬĂĐŚ ,ŽůĞŝŶKŶĞ^ƉŽŶƐŽƌ;YƚLJϭͿΨϭ͕ϬϬϬĂĐŚ ůŽƐĞƐƚƚŽƚŚĞWŝŶ^ƉŽŶƐŽƌ;YƚLJϭͿΨϱϬϬĂĐŚ ,ŽůĞ^ƉŽŶƐŽƌƐ;ƵŶůŝŵŝƚĞĚͿΨϮϬϬĂĐŚ ŽŶĂƚĞ/ƚĞŵƐĨŽƌ'ŽŽĚŝĞĂŐƐŽƌZĂŋĞƐ Z^sWƚŽŝŶĨŽΛĨĞŶĐĞĂƐƐŽĐŝĂƟŽŶ͘ĐŽŵĨŽƌ^ƉŽŶƐŽƌƐŚŝƉƐĂŶĚWůĂLJĞƌƐ ŽŵƉĂŶLJEĂŵĞͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ&DĞŵďĞƌ͍ͺͺͺͺͺͺͺͺͺͺͺͺͺͺ YƵĂŶƟƚLJŽĨWůĂLJĞƌƐͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ;EĂŵĞƐǁŝůůďĞƌĞƋƵĞƐƚĞĚϭϱĚĂLJƐďĞĨŽƌĞͿ,ĂŶĚŝĐĂƉͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ WŚŽŶĞͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ&yͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ -DĂŝůͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ^ƉŽŶƐŽƌƐŚŝƉͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ hƉŽŶZ^sW͕ƌĞĚŝƚĂƌĚ/ŶĨŽƌŵĂƟŽŶŽƌŚĞĐŬǁŝůůďĞƌĞƋƵĞƐƚĞĚƚŽŚŽůĚƐƉĂĐĞŽƌƉĂLJĨŽƌƐƉŽŶƐŽƌƐŚŝƉƐ. ^ĞŶĚŚĞĐŬƐWĂLJĂďůĞƚŽĞŶƚƌĂů&ůŽƌŝĚĂŚĂƉƚĞƌŽĨƚŚĞŵĞƌŝĐĂŶ&ĞŶĐĞƐƐŽĐŝĂƟŽŶ͕ϭϭϯϭϯ^ƚĂƚĞZŽĂĚϱϮ͕,ƵĚƐŽŶ͕&>ϯϰϲϲϵ͘ )RU0RUH,QIRUPDWLRQ(PDLO LQIR#IHQFHDVVRFLDWLRQFRP &DĞŵďĞƌWůĂLJĞƌŽƐƚΨϭϱϬ EŽŶ-&DĞŵďĞƌWůĂLJĞƌŽƐƚΨϭϲϱ ŽŶƚĞƐƚƐKīĞƌĞĚ͗ůŽƐĞƐƚƚŽƚŚĞWŝŶ͕,ŽůĞ/ŶKŶĞ͕ ZĂŋĞƐΘdƌŽƉŚŝĞƐĂƚǁĂƌĚƐĂŶƋƵĞƚΘDŽƌĞ͊ 'ŽůĨ&ĞĞƐŝŶĐůƵĚĞĂƌƚhƐĞ͕>ƵŶĐŚĂŶĚ'ŽůĨ&ĞĞƐ 'ŽůĨůƵďZĞŶƚĂůŝƐĂƚLJŽƵƌŽǁŶĞdžƉĞŶƐĞĂƚΨϱϵ ^ŽŵĞŽĨƚŚĞŶĞƚƉƌŽĐĞĞĚƐǁŝůůŐŽƚŽ&ĚƵĐĂƟŽŶ&ŽƵŶĚĂƟŽŶ Gate Operator Covers )ODW&DS 3\UDPLG&DS Pre-Formed Faux Rock Pillars ³,I\RXFDQ¶WWHOOWKHGLIIHUHQFHZKDWGLIIHUHQFHGRHVLWPDNH´ Starting at $94.50 Ɣ1RPDVRQUHTXLUHG Ɣ6DPHGD\LQVWDOODWLRQ Ɣ0DLQWHQDQFHIUHH Ɣ,PSDFWUHVLVWDQWGXUDEOH Ɣ1RVXEFRQWUDFWRUV Ɣ2QHSHUVRQLQVWDOODWLRQ Ɣ89IDGHUHVLVWDQW Ɣ&DQEHVKLSSHGE\836 Before After Tri Custom Manufacturing w w w . t r i c m . c o m 3KRQH Toll Free 1-866-833-9589