New Construction Starts in August Recede 2 Percent
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Published: Thursday, 21 September 2017 16:34
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Written by Mark Kuhar
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.
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June Construction Starts Climb 4 Percent
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Published: Friday, 04 August 2017 01:16
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Written by Mark Kuhar
New construction starts in June grew 4 percent from the previous month to a seasonally adjusted annual rate of $679.9 billion, according to Dodge Data & Analytics. Nonresidential building increased 13 percent in June, strengthening after two months of lackluster activity, and the nonbuilding construction sector rose 8 percent with the help of elevated activity for electric utilities. However, residential building slipped 4 percent in June, as both sides of the housing market (single-family and multifamily) retreated.
Read more: June Construction Starts Climb 4 Percent