The number of total construction projects breaking groundincreased 3 percent in May to $595.1 billion.
The increase was largely due to several large-scalenonresidential projects starting in May – if the projects wereremoved from the data, the construction industry would have seen nochange in the start of building projects in the last year. FromMarch to April, the industry saw a 25 percent decline inconstruction starts. The data from DodgeData & Analytics suggest the industry has yet to seecomplete recovery.
Last month, construction starts increased 8 percent innonresidential buildings, increased 4 percent in residentialbuildings, and declined 4 percent in nonbuildings.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Pearl Wu
Pearl Wu is the editorial Recognition Desk Manager at ALM Media and oversees the administrative aspects of U.S. Legal awards. Please find our upcoming deadlines here.
