Total Construction Starts Increase in May

Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month. Highway and bridge starts were up slightly.   Year-to-date, total construction was 6% higher in the first five months of 2022 compared…

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