Dodge Data: Big Nonbuilding Projects Push Construction Starts in February Up 10% (Photo by Joe Raedle/Getty Images)

Dodge Data: Big Nonbuilding Projects Push Construction Starts in February Up 10%

Nonbuilding construction in February surged 49% to $200.9 billion (annual rate). The electric power and gas plant category jumped 328%, boosted by the start of the $3 billion third segment (or train) of that LNG export terminal in Freeport, Texas, and the six very large power plant projects.

The Dodge Data & Analytics February construction report offers some good insight into where the construction market is at in early 2016. While the overall data for new construction starts shows a double-digit gain, much of the increase comes from a giant LNG plant the broke ground last month on the Gulf Coast. Dodge says that once you take away that plant, declines in some segments of the construction market appear.

At a seasonally adjusted annual rate of $667.6 billion, Dodge D

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

TAGS: Commercial
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish