Dodge Data & Analytics recently said that from February to March, the total construction starts in the United States fell by 5%, and the seasonally adjusted annual rate was $ 746.9 billion, while the full impact of the global pneumonia epidemic is still showing.
Due to the impact of the pneumonia epidemic crisis beginning at the end of the month, the number of non-residential buildings started in March decreased by 9% compared with February, while the number of residential buildings fell by 11%.
Due to the start-up of several large power facilities, non-building construction jumped 14% in March.
Richard Blanche, chief economist at Dodge Data and Analysis, said: "Considering the disaster caused by the pneumonia epidemic at the end of March hit the economy, construction work is progressing well.
The construction started in March is unlikely to be significantly affected, because the project that broke ground in the month may have purchased materials before the planned ground breaking, and the on-site and labor were scheduled. Such momentum and plans are difficult to reverse at the last minute.
In addition, most of the orders placed at home and suspended construction were not implemented until the last week of this month to April. Therefore, starting construction in April may be very different from other states that prohibit construction activities, such as New York, New Jersey and Pennsylvania.
"The April start data will be the first real sign of how the crisis will affect the construction industry.
The Dodge Index fell from 167 released in February to 158 in March.
According to data released by the US Department of Commerce on the 17th, after seasonal adjustment, the number of new housing starts in the United States soared 16.9% to 1.608 million units in December 2019, the highest level since December 2006, and the largest increase since October 2006. Or it may help support the continued expansion of the US economy in the fourth quarter of last year.
The Ministry of Commerce also revised up the November data from 1.365 million sets to 1.375 million sets. Data shows that the rate of new home construction in the United States increased by 40.8% year-on-year in December last year, highlighting that the US real estate market is recovering under a low interest rate environment. In 2019, the number of new housing starts in the United States reached 12.9 million units, a 3.2% increase from 2018. At the same time, the number of building permits fell by 3.9% to 1.416 million in December last year.
Analysts believe that the Federal Reserve cut interest rates three times last year to help lower mortgage interest rates, and the US real estate market is regaining momentum. The data shows that the 30-year fixed mortgage rate has dropped from a peak of 4.94% in November 2018 to an average of 3.65%.
This week (April 11-April 17), the top five brands of new construction machinery are Doosan, Sany Heavy Industry, Caterpillar, XCMG, Zoomlion; the top five brands of mobile phones They are Sany Heavy Industry, Caterpillar, Komatsu, Doosan, and Hitachi. The interest in small, medium and large excavations reached 56, 40 and 22 respectively, of which the interest in medium excavation has increased.
In March 2020, the sales of new excavators and second mobile phones in China reached 49,000 units and 4.9-50,000 units, an increase of 12% and 16% -19% year-on-year respectively. -15%. We and Tiejia are expected to sell 42-46 million new phones in April 2020, an increase of 48% -62% year-on-year. The transaction volume of second-hand mobile phones is 48-55 thousand units, an increase of 67% -91% year-on-year. 9.0-10.1 million units, a year-on-year increase of 57% -77%.
