{"id":26271,"date":"2024-10-17T14:54:50","date_gmt":"2024-10-17T18:54:50","guid":{"rendered":"https:\/\/www.construction.com\/?p=26271"},"modified":"2024-10-23T11:42:23","modified_gmt":"2024-10-23T15:42:23","slug":"construction-starts-slip-6-in-september","status":"publish","type":"post","link":"https:\/\/www.construction.com\/company-news\/construction-starts-slip-6-in-september\/","title":{"rendered":"Construction Starts Slip 6% in September"},"content":{"rendered":"<div align=\"center\">\n<p><iframe loading=\"lazy\" title=\"Construction Starts - September 2024\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/pOylVxESR58?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p style=\"text-align: left;\"><em><strong><span class=\"NormalTextRun SCXW8177389 BCX0\"><span data-contrast=\"auto\" xml:lang=\"EN-US\" lang=\"EN-US\" class=\"TextRun MacChromeBold SCXW186641735 BCX0\"><span class=\"NormalTextRun SCXW186641735 BCX0\"><span class=\"NormalTextRun SCXW92811367 BCX0\">Warehouse, single family, and healthcare starts a bright spot<\/span><\/span><\/span><\/span><\/strong><\/em><\/p>\n<p><b><span data-contrast=\"auto\">BEDFORD, MA \u2014October 17, 2024 \u2014<\/span><\/b> <span data-contrast=\"auto\">Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.1 trillion, according to <\/span><a href=\"http:\/\/construction.com\/\"><span data-contrast=\"none\">Dodge Construction Network<\/span><\/a><span data-contrast=\"auto\">. Nonbuilding starts fell 11%, residential starts were down 1%, while nonresidential building starts were down 6% in September. On a year-to-date basis through September, total construction starts were up 2% from the first nine months of 2023. Residential starts were up 7%, nonresidential buildings rose 2%, and nonbuilding starts were down 3%.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the 12 months ending September 2024, total construction starts were up 1% from the 12 months ending September 2023. Residential starts were up 6%, nonresidential building starts were flat, and nonbuilding starts were down 4% on a 12-month rolling sum basis.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cConstruction starts are treading water,\u201d said Richard Branch chief economist of Dodge Construction Network. \u201cSeptember\u2019s rate cut was just the first step in unwinding a period of high rates and several more cuts will be needed to start moving construction projects through the planning process to start. More consistent growth in construction starts should begin to materialize early in the new year.\u201d<\/span><span><br \/>\n<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Nonbuilding<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\">Nonbuilding construction decreased 11% in September, falling to a seasonally adjusted annual rate of $309 billion. Highway and bridge starts climbed 5%, however, environmental public works dropped 13%, miscellaneous nonbuilding starts fell 14%, and utility\/gas plants fell 30% in the month. On a year-to-date basis through September total nonbuilding starts were down 3% from a year ago. Miscellaneous nonbuilding starts were up 10%, environmental public works starts were 7% higher, and\u202fhighway and bridge starts improved by 3%, but utility\/gas starts were down 23% through September.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the 12 months ending September 2024, total nonbuilding starts were 4% lower than the 12 months ending September 2023. Miscellaneous nonbuilding starts were 9% higher, environmental public works gained 3%, highway and bridge starts increased by 1%, but utility\/gas starts were down 22%.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">The largest nonbuilding projects to break ground in September <\/span><\/b><span data-contrast=\"auto\">were the $848 million Hillview Reservoir in Yonkers, New York, the $779 million bridge projects at I-95 and I-10 in Providence, Rhode Island, and the $775 million Coolidge Generating Station natural gas expansion in Coolidge, Arizona.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Nonresidential<\/span><\/b><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Nonresidential building starts fell 6% in September to a seasonally adjusted annual rate of $409 billion. Manufacturing starts fell 30%, institutional starts lost 10% despite a solid increase in healthcare starts, while commercial starts were up 9% due to gains in warehouse and office\/data center activity. On a year-to-date basis through September, total nonresidential starts were up 2%. Institutional starts were 13% higher, while commercial starts were down 2%, and manufacturing starts were 22% lower on a year-to-date basis through September.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the 12 months ending September 2024, nonresidential building starts were even when compared to the previous 12 months. Manufacturing starts were down 17%, commercial starts were down 8%, and institutional starts were 13% higher for the 12 months ending September 2024.<\/span><span><br \/>\n<\/span> <span><br \/>\n<\/span><b><span data-contrast=\"auto\">The largest nonresidential building projects to break ground in September <\/span><\/b><span data-contrast=\"auto\">were the $2.9 billion UCSF Helen Diller Medical Center in San Francisco, California, the $800 million Project Cosmo data center in Laramie County, Wyoming, and the $666 million Microsoft data center in Mount Pleasant, Wisconsin.\u00a0<\/span><span data-ccp-props=\"{&quot;134245417&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Residential<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Residential building starts fell 1% in September to a seasonally adjusted annual rate of $382 billion. Single family starts rose 2%, while multifamily starts were down 6%. On a year-to-date basis through nine months, total residential starts were 7% higher. Single family starts jumped 17% and multifamily starts were down 10% on a year-to-date basis.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For the 12 months ending September 2024, residential starts were 6% higher than the previous 12 months. Single family starts were 17% higher, while multifamily starts were 11% lower on a 12-month rolling sum basis. <\/span><span><br \/>\n<\/span><span><br \/>\n<\/span><b><span data-contrast=\"auto\">The largest multifamily structures to break ground in September <\/span><\/b><span data-contrast=\"auto\">were the $211 million Ray Nashville mixed-use project in Nashville, Tennessee, a $152 million mixed-use project in Jersey City, New Jersey, and the $150 million Lifetime Living Tower in Phoenix, Arizona.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Regionally,<\/span><\/b><span data-contrast=\"none\"> total construction starts in September fell in the Northeast, Midwest, South Atlantic and West regions, but rose in the South Central region.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26272\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-in-October-300x278.png\" alt=\"September Starts (in October)\" width=\"621\" height=\"576\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-in-October-300x278.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-in-October.png 624w\" sizes=\"auto, (max-width: 621px) 100vw, 621px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-26274\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-Index-300x202.png\" alt=\"September Starts Index\" width=\"582\" height=\"392\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-Index-300x202.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/September-Starts-Index.png 1012w\" sizes=\"auto, (max-width: 582px) 100vw, 582px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Warehouse, single family, and healthcare starts a bright spot BEDFORD, MA \u2014October 17, 2024 \u2014 Total construction starts fell 6% in September to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding starts fell 11%, residential starts were down 1%, while nonresidential building starts were down 6% in September&#8230;.<\/p>\n","protected":false},"author":47,"featured_media":25376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-26271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Construction Starts Slip 6% in September | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"Construction starts slipped 6% in September. 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Analyze the Dodge data report to see which sectors saw declines and where activity remained stable.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.construction.com\/company-news\/construction-starts-slip-6-in-september\/","og_locale":"en_US","og_type":"article","og_title":"Construction Starts Slip 6% in September | Dodge Construction Network","og_description":"Construction starts slipped 6% in September. 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Nonbuilding starts fell 11%, residential starts were down 1%, while nonresidential building starts were down 6% in September....","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/comments?post=26271"}],"version-history":[{"count":0,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/posts\/26271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/25376"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=26271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/categories?post=26271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/tags?post=26271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}