Through the first quarter of this year, the dollar value of total construction starts was down 10% from the same period of last year, according to Dodge Data & Analytics’ latest report.
Construction information service provider Dodge Data & Analytics is taking a new tack to provide intelligence to the construction and building-product manufacturing industries.
Citing pent-up demand, Portland Cement Association chief economist Edward Sullivan say he expects to see a 5% growth in portland cement consumption in 2016, with a further 5.7% growth of growth in 2017. This is an improvement over the growth rate from 2015, which was only 3.5%.
After 12 months of ups and downs, the final tally for 2015’s total construction starts ended the year with an 8% annual increase, representing $646 billion in new work, according to Dodge Data & Analytics.