Total construction starts fell 15% in November, dropping to a seasonally adjusted annual rate of $927 billion, according to Dodge Construction Network. Nonresidential building starts fell 29% during the month, residential starts lost 6%, and nonbuilding starts dropped 2%. Highway and bridge starts were down 8%. Year-to-date through November 2023, total construction starts lagged by 4% compared to the previous…
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Construction Starts Increase in August; Highways Surge
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…
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