Economic Watch: Construction Starts up 34% in First Two Months of 2015
Construction starts in the U.S. posted healthy gains in February compared to the month before and the same time in 2014, according to a new report from the construction industry data provider Dodge Data and Analytics.

Graphic: Dodge Data and Analytics

Graphic: Dodge Data and Analytics
Construction starts in the U.S. posted healthy gains in February compared to the month before and the same time in 2014, according to a new report from the construction industry data provider Dodge Data and Analytics.
The 16% hike compared to January’s level was boosted party by three large projects valued at more than $1 billion, however residential building also gained, pushing the Dodge Index up to 153 compared to a revised 132 for January.
For the first two months of 2015, total construction starts were up 34% from the same period a year ago. When projects in excess of $1 billion are excluded, the result shows more moderate gains of 10% in February compared to January, and up 8% during the first two months of 2015.
"Some pullback can be expected in coming months, since there are only a limited number of liquefied natural gas related projects that may reach the construction start stage and petrochemical plants are not likely to match the exceptional amount that was reported last year, particularly with the recent decline in oil prices,” said Robert A. Murray, chief economist for Dodge Data & Analytics. “At the same time, the first two months of 2015 have shown several noteworthy features that point towards the continued expansion for overall construction activity,"
According to Murray, for residential building, multifamily housing continues to show brisk development activity in major cities, but one area of concern for overall construction activity in 2015 relates to single-family housing.
“Will it be able to move beyond the extended plateau that took hold in 2014? Another area of concern relates to public works and specifically highway and bridge construction. Will Congress be able to reach agreement on a new multiyear federal transportation bill by the end of May, or at the very least a continuing resolution that shores up the depleted Highway Trust Fund?"
The increase for total construction starts compared to the year before was the result of greater activity for all three major construction sectors, according to the report. Nonbuilding construction year-to-date soared 89% while nonresidential building increased 22%. Residential building year-to-date improved 7%, with single family housing up 7% and multifamily housing increasing 9%.
By geography, total construction starts for the January-February revealed this behavior compared to last year with the South Central up 126%; the Northeast 12% higher; the South Atlantic adding 9%; the West increasing 3%; and the Midwest, down 5%.
More Fleet Management

For Nicky Cupp, Fleet Innovation Starts With Frustration
HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.
Read More →
Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit
HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.
Read More →
Deen Albert: Let Automation Do the Math, People Make the Decisions
HDT Truck Fleet Innovator Deen Albert makes sure people are still at the heart of operations at Grand Island Express, even while adopting artificial intelligence tools. AI-assisted dispatch helped boost revenue 25% with the same number of trucks.
Read More →Trimble’s New AI Agent Takes Aim at Fleet Back-Office Busywork
Arc Agent works across Trimble TMS products to automate repetitive tasks such as freight orders, maintenance, invoices, fuel costs and more.
Read More →
How HDT’s 2026 Truck Fleet Innovators Are Rethinking Fleet Operations
Meet five trucking leaders who are challenging assumptions, solving operational problems, and putting innovative ideas to work.
Read More →
Tight Trucking Capacity Pushes Rates Higher Even as Freight Volumes Fall
“Spot rates moving ahead of contract rates have historically signaled a tightening market, but we haven’t seen a capacity-driven market quite like this one,” said DAT's Dean Croke.
Read More →
Import Cargo’s Early Peak Season is Winding Down
There was an early start to peak season this year at the nation's gateway ports, as retailers brought in merchandise ahead of tariff changes in late July and responded to other supply chain uncertainties,
Read More →
Fewer Cargo Thefts, Bigger Losses: Criminals Target Higher-Value Loads
CargoNet says organized theft rings are stealing fewer shipments but choosing more valuable freight, including metals and technology, resulting in record losses.
Read More →
How Innovative Trucking Leaders Turn Change Into an Advantage
As the pace of change accelerates in trucking, the fleets that adapt best have more than the latest technology. They have cultures that embrace improvement.
Read More →
Freight Broker Bonds Just Got Harder to Get. Here's What That Means for Your Fleet.
When it gets harder for a freight broker to prove they are financially sound, the ones who cannot clear that bar get pushed out of the market. And those are exactly the brokers who used to leave motor carriers holding the bag.
Read More →
