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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Total Construction Starts Decline in March

Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network. Nonresidential building starts lost 29%, in part due to the start of three large manufacturing facilities in the prior month. When those three large projects are removed, nonresidential starts in March would have risen 10%. Residential starts also fell…

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Total Construction Falls Sharply in November

Total construction starts fell 14% in November to a seasonally adjusted annual rate of $867.8 billion, according to Dodge Construction Network. Nonbuilding and nonresidential building starts bore the brunt of the decline, falling 30% and 21%, respectively, after seeing sharp increases in October as three large projects broke ground. Residential starts gained a modest 3%. Without October’s large projects, total…

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Construction Starts Rise; Highways Lower

Highway And Bridge Starts Were Both 7% Lower For The Month And For The 12 Months Ending In October 2021. By Mark S. Kuhar Total construction starts rose 16% in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network.  Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts…

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Year-to-Date

The 1 percent gain for total construction starts on an unadjusted basis for the first eight months of 2013 was due to varied behavior by the three main construction sectors. Residential building climbed 27 percent year-to-date, with single family housing up 30 percent and multifamily housing up 19 percent.

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