{"id":1004592815,"date":"2022-07-22T02:09:31","date_gmt":"2022-07-22T10:09:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004592815"},"modified":"2022-12-08T22:08:37","modified_gmt":"2022-12-09T06:08:37","slug":"construction-starts-dip-in-june","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/","title":{"rendered":"Construction Starts Dip in June\u00a0"},"content":{"rendered":"

Total U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, according to new data from Dodge Construction Network<\/strong>.<\/p>\n

Total construction (a project\u2019s full dollar value is tallied in the month it breaks ground), however, DCN pointed out, was nonetheless 5 percent higher in the first six months of 2022 than in the same period of 2021.<\/p>\n

Dodge also noted that \u201conshoring\u201d is a trending topic in the construction sector and that manufacturing starts have increased 109 percent in the last 12 months ending in June.<\/p>\n

\"2022<\/a>

2022 Construction Starts. Charts courtesy of Dodge Construction Network<\/p><\/div>\n

Notably, nonresidential building starts fell 14 percent during June. This was largely offset, however, by a 13 percent increase in nonbuilding starts in June, including several large solar projects.<\/p>\n

\n

READ ALSO<\/strong>: CRE Investor Sentiment Signals Changing Outlook<\/a><\/p>\n

\n

Construction markets are getting jittery as the odds of recession increase, said Richard Branch, chief economist for Dodge Construction Network, in a prepared statement.<\/p>\n

\u201cWhile projects are still moving through the planning process,\u201d he continued, \u201cthe velocity has downshifted reflecting uncertainties over how rising interest rates will impact the economy, construction material prices, and ultimately, construction starts. Over the short-term, construction-facing indicators are likely to be more volatile than normal, particularly in the commercial sector.\u201d<\/p>\n

Blips or trends?<\/h2>\n

Year-to-date, total construction was 5 percent higher in the first six months of 2022 compared to the same period in 2021. Similarly, for the 12 months ending June 2022, total construction starts were 7 percent above the 12 months ending June 2021.<\/p>\n

Nonresidential building starts dropped 14 percent in June to a seasonally adjusted annual rate of $301.0 billion. Within that category, the decline was broadly based. Commercial starts fell 16 percent, manufacturing starts were down 14 percent, and institutional starts were 12 percent lower.<\/p>\n

Through the first six months of this year, nonresidential building starts were 13 percent higher than during the first six months of 2021. Commercial starts advanced 14 percent and institutional starts rose 1 percent, while manufacturing starts were a whopping 83 percent higher on a year-to-date basis.<\/p>\n

Among the largest nonresidential building projects to break ground in June was an $800 million Facebook data center in Los Lunas, N.M<\/a>.<\/p>\n

Residential building starts fell 6 percent in June to a seasonally adjusted annual rate of $428.3 billion. Within that, multifamily starts were 3 percent lower, though they were up 23 percent up in the first half, versus the first six months of 2021.<\/p>\n

The largest multifamily structures to break ground in June were the $450 million Neptune\/Sixth mixed-use project in Brooklyn, the $425 million 250 Water Street apartments in New York City and the $369 million 5th & Colorado mixed-use building<\/a> in Austin, Texas.<\/p>\n

Read the full report by Dodge Construction Network<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

While project spending is up year-over-year, Dodge describes construction markets as \u201cjittery.\u201d<\/p>\n","protected":false},"author":882,"featured_media":1004301440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,23891,21742,51037],"tags":[34401],"class_list":["post-1004592815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-national","category-latest","category-trends","tag-dodge-data-analytics"],"acf":[],"yoast_head":"\nConstruction Starts Dip in June\u00a0 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Starts Dip in June\u00a0\" \/>\n<meta property=\"og:description\" content=\"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-22T10:09:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:08:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"624\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/\",\"name\":\"Construction Starts Dip in June\u00a0 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg\",\"datePublished\":\"2022-07-22T10:09:31+00:00\",\"dateModified\":\"2022-12-09T06:08:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg\",\"width\":800,\"height\":624,\"caption\":\"Photo by James Sullivan via unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Construction Starts Dip in June\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Construction Starts Dip in June\u00a0 - Commercial Property Executive","description":"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.","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.commercialsearch.com\/news\/construction-starts-dip-in-june\/","og_locale":"en_US","og_type":"article","og_title":"Construction Starts Dip in June\u00a0","og_description":"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.","og_url":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-07-22T10:09:31+00:00","article_modified_time":"2022-12-09T06:08:37+00:00","og_image":[{"width":800,"height":624,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/","url":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/","name":"Construction Starts Dip in June\u00a0 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg","datePublished":"2022-07-22T10:09:31+00:00","dateModified":"2022-12-09T06:08:37+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, Dodge Construction reports.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg","width":800,"height":624,"caption":"Photo by James Sullivan via unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/construction-starts-dip-in-june\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Construction Starts Dip in June\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/james-sullivan-801325-unsplash_840x1050-1-e1550676602667.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004592815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004592815"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004592815\/revisions"}],"predecessor-version":[{"id":1004593005,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004592815\/revisions\/1004593005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004301440"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004592815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004592815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004592815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}