Construction Starts Drop, Highways Rise in October

Total construction starts fell 7% in October to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonbuilding and residential starts fell 32% and 1%, respectively. Conversely, nonresidential building starts gained 8% during the month. Highway and bridge starts improved 6% in October.  Year-to-date through October 2023, total construction starts were 4% below that of 2022.…

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