Report: Construction starts down in August
Nonbuilding construction starts fell 36 percent, nonresidential increased 7 percent and residential gained 1 percent in the month.
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Nonbuilding construction starts fell 36 percent, nonresidential increased 7 percent and residential gained 1 percent in the month.
Read MoreWith the $3 trillion stimulus and interest rates at record lows, the field is set for above 4 percent GDP growth over the next six months.
Read MoreProjections for aggregate consumption in 2021-22 are now higher, largely due to a sharper spike in new home construction.
Read MoreResidential building starts fell 8 percent, nonresidential building lost 6 percent and nonbuilding starts moved 2 percent lower.
Read MoreThe precipitous drop from November to December was based on noteworthy gains in November’s utility and manufacturing sectors.
Read MoreBy major sector, nonbuilding starts climbed 82 percent higher over the month while nonresidential starts improved 61 percent. Residential starts, meanwhile, were flat from October to November.
Read MoreThe October statistics lowered the Dodge Index to 147, compared to 166 in September, according to Dodge Data & Analytics.
Read MoreThis marks the second consecutive monthly decline in construction starts, following a 6 percent pullback in August, Dodge Data & Analytics reports.
Read MoreAggregate and asphalt volumes were ahead of 2018 due to milder weather in the certain regions, the company reports.
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