While nonresidential construction is moving upwards, recentspikes in coronavirus cases in some states could dampen recovery,according to a construction industry chief economist.
Total construction starts increased 6 percent in June to $641.4billion – the second consecutive monthly gain in constructionstarts following the COVID-19 induced declines in March and April,according to a recent report by Dodge Data & Analytics, aprovider of analytics and other data-driven research for theconstruction industry.
"Construction starts activity remains significantly weaker thanyear-ago levels, even though it has been slowly increasing sinceits nadir in April," said Richard Branch, Chief Economist for DodgeData & Analytics in prepared remarks. "May's gain in starts wasfueled by a handful of very large projects, but June's gain appearsto be much more organic in nature."
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