Non-Residential Building Makes Huge Gains
Published: Wednesday, 03 June 2015 20:25
Written by Administrator
The value of new construction starts in April increased 10 percent from the previous month to a seasonally adjusted annual rate of $698.7 billion, according to Dodge Data & Analytics. The nonresidential building sector came in particularly strong, lifted by the inclusion of two massive projects as April starts – an $8.1 billion petrochemical plant in Louisiana and a $1.2 billion office/retail high-rise in New York.
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Published: Thursday, 07 May 2015 18:32
Written by Mark Kuhar
Nonresidential building in March fell 19 percent to $183.5 billion (annual rate), after surging 43 percent in February. The manufacturing building category in March plunged a steep 57 percent from its elevated February pace. Although March did feature the start of several large manufacturing projects, such as a $751 million polyethylene plant and a $150 million cement plant expansion, both located in Texas, the prior month had included the start of a $3.0 billion ethane cracker and propane dehydrogenation plant, also located in Texas.
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