totalconstructionstarts
Large utility project, residential starts power growth to begin Q3 Year-to-date through July 2023, total construction starts were 7% below that of 2022. Residential and nonresidential starts were down 21% and 7% respectively; however, nonbuilding starts were up 20% on a year-to-date basis. For the 12 months ending July 2023, total construction starts were 3% higher than that of 2022. Nonbuilding starts were 21% higher, and nonresidential building starts gained 16%. Conversely, on a 12-month rolling basis, residential starts posted a 17% decline overall. “Construction starts have plateaued and ...
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After a strong March, April shows marginal slowdown overall On a year-to-date basis through April, total construction starts were 7% below the first four months of 2022. Residential starts were down 27%, and nonresidential and nonbuilding starts grew 7% and 16%, respectively. For the 12 months ending April 2023, total construction starts were 11% higher than the 12 months ending April 2022. Nonresidential and nonbuilding starts both showed gains at 34% and 24%, respectively; however, residential starts hindered overall growth with a 13% decline on a 12-month rolling basis. “The construction se...
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Nonresidential building and infrastructure lead the gains; residential starts slip Q3 2022 hedge fund letters, conferences and more Year-to-date, total construction was 16% higher in the first ten months of 2022 compared to the same period of 2021. Nonresidential building starts rose 37% over the year, residential starts remained flat, and nonbuilding starts were up 17%. Rise In Construction Starts“October’s gain in construction starts is a further sign that the construction sector continues to weather the storm of higher interest rates,” said Richard Branch, chief economist for Dodge Construc...
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Declines across major sectors pull starts to five-month low Q2 2021 hedge fund letters, conferences and more Total Construction Starts Fell 3%HAMILTON, New Jersey — August 18, 2021 — Total construction starts fell 3% in July to a seasonally adjusted annual rate of $854.8 billion, according to Dodge Data & Analytics. There were few bright spots during the month, with all three sectors (residential, nonresidential building and nonbuildings) moving lower in July. “Construction material prices continue their march higher and are weighing heavily on construction starts,” stated Richard Branch, Chie...
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