The value of commercial and multifamily starts in the top 20 metropolitan areas of the United States gained 12% during the first six months of 2021 relative to the first half of 2020, according to Dodge Data & Analytics.
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Construction Spending Slips Again
Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms.
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