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Ken Simonson's blog

AGC Data DIGest: Sept. 26-Oct. 3, 2022

Homebuilding tumbles in August, other spending is mixed; steel, lumber prices and supplies improve

Construction spending (not adjusted for inflation) totaled $1.78 trillion in August at a seasonally adjusted annual rate, down 0.7% from the upwardly revised July rate but up 8.5% year-over-year (y/y), the Census Bureau reported [node:read-more:link]


AGC Data DIGest: September 8-12, 2022

Dodge Momentum Index, ISM, Beige Book send mixed signals about construction activity and outlook

The Dodge Momentum Index slipped 1% in August from a downwardly revised July reading but jumped 17% year-over-year, Dodge Construction Network reported on Thursday. The index “is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year. [node:read-more:link]