editorial

New Construction Starts in November Slide 12 Percent

At a seasonally adjusted annual rate of $650.5 billion, new construction starts in November dropped 12 percent from October, according to Dodge Data & Analytics. Nonresidential building fell 14 percent in November, retreating for the second month in a row after the sharp improvement reported in late summer. The nonbuilding construction sector, which can be volatile on a month-to-month basis, plunged 32 percent in November after its 28 percent hike in October, which included the start of two large natural gas pipeline projects.

Read more: New Construction Starts in November Slide 12 Percent

October Construction Starts Fall 9 Percent

New construction starts in October dropped 9 percent to a seasonally adjusted annual rate of $742.9 billion, pulling back after a 14 percent jump in September, according to Dodge Data & Analytics. Over the past two months the pattern for total construction starts was shaped by nonresidential building, which fell 30 percent in October after soaring 37 percent in September, despite some large projects.

Read more: October Construction Starts Fall 9 Percent

New Construction Starts in August Recede 2 Percent

At a seasonally adjusted annual rate of $711.6 billion, new construction starts in August slipped 2 percent from July, according to Dodge Data & Analytics. The decline followed July’s 6 percent increase, yet still kept total construction activity 5 percent above the relatively subdued pace reported during the second quarter.

Read more: New Construction Starts in August Recede 2 Percent

New Construction Starts Jump 14 Percent in September

The value of new construction starts in September soared 14 percent from the previous month to a seasonally adjusted annual rate of $814.8 billion, according to Dodge Data & Analytics.

Read more: New Construction Starts Jump 14 Percent in September

July Construction Starts Increase 6 Percent

The value of new construction starts in July advanced 6 percent from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26 percent jump by the nonbuilding construction sector, which reflected an improved level for public works and the start of two massive power plants, located respectively in California and New York.

Read more: July Construction Starts Increase 6 Percent

Current Issue


View our current digital edition.
View all of our archives: More