Issue link: https://read.dmtmag.com/i/826899
58 • JUNE 2017 • WORLD FENCE NEWS The Dodge Report continued from page 56 category in March plunged 65%, after being lifted in February by the start of a $985 million refinery modernization in Richmond, Calif. The 3% decline for total con- struction starts on an unadjusted basis during the first three months of 2017 relative to last year was due to a varied pattern by major sector. Nonbuilding construction dropped 17% year-to-date, with elec- tric utilities/gas plants down 72% while public works climbed 20% (re- flecting the start of several large pipe- line projects in early 2017). Residential building slipped a modest 1% year-to-date, with multi- family housing down 18% while sin- gle family housing grew 9%. Nonresidential building registered a 7% gain year-to-date, with institu- tional building up 35%, commercial building down 9%, and manufactur- ing building down 44%. By geography, total construction starts in the first three months of 2017 showed reduced activity relative to last year in two regions – the South Central, down 26%; and the North- east, down 3%. Total construction gains year-to- date were reported in the West, up 1%; the South Atlantic, up 11%; and the Midwest, up 12%. Further perspective comes from looking at 12-month moving totals, in this case the twelve months ending March 2017 versus the 12 months end- ing March 2016. On this basis, total construction starts were up 2%. By major sector, nonbuilding con- struction decreased 8%, with electric utilities/gas plants down 40% while public works increased 6%. Residential building rose 3%, as a 4% drop for multifamily housing was outweighed by a 7% gain for single family housing. Nonresidential building advanced 7%, with institutional building up 14%, commercial building up 7%, and manufacturing building down 26%. Dodge Data & Analytics is a technology-driven construction proj- ect data, analytics and insights pro- vider, whch provides trusted market intelligence that helps construction professionals grow their business, and is redefining and recreating the business tools and processes on which the industry relies. Dodge is creating an integrated platform that unifies and simplifies the design, bid and build process, bringing data on peo- ple, projects and products into a sin- gle hub for the entire industry, from building product manufacturers to contractors and specialty trades to architects and engineers. The compa- ny's products include Dodge Global Network, Dodge PlanRoom, Dodge PipeLine, Dodge SpecShare, Dodge BuildShare, Dodge MarketShare, and the Sweets family of products. To learn more, visit the web site located at www.construction.com. "The pattern for construction starts in early 2017, with three straight monthly gains, is the reverse of the three straight monthly declines that closed out 2016." – Robert A. Murray Subscribe to World Fence News Today!