Construction Starts Decline in March

Total construction starts declined 5% from February to March to a seasonally adjusted annual rate of $746.9 billion, according to Dodge Data & Analytics. Volatility caused by the presence or absence of large projects in healthcare and the utility/gas plant category, however, skewed the analysis. In March, nonresidential building starts fell 9% from February (seasonally adjusted), while residential building dropped 11%. Nonbuilding construction starts, however, rose 14% during…

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Construction Starts Lower in January; Highways Up

Total construction starts slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion, according to Dodge Data & Analytics. All three major categories moved lower in January – residential building starts fell 8%, nonresidential building lost 6%, and nonbuilding starts moved 2% lower.

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