Total Construction Starts Rebound In September
Construction shakes off concerns about material prices and Delta variant to post solid growth Q3 2021 hedge fund letters, conferences and more HAMILTON, New Jersey — October 19, 2021 — Total construction starts rose 10% in September to a seasonally adjusted annual rate of $889.7 billion, according to Dodge Construction Network. All three sectors improved: nonresidential building starts rose 15%, residential starts moved 9% higher, and nonbuilding starts increased by 6%. “Construction starts have struggled over the last three months as concerns over rising prices, shortages of materials, and sc...