May 20, 2021
Total construction starts fell 2 percent in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Nonresidential building and nonbuilding starts both gained.
“Nonresidential starts are stabilizing and should continue to heal throughout 2021, however, this sector will also be challenged by similar issues facing the housing market that will cause its starts to be below pre-pandemic levels for months to come,” says Richard Branch, chief economist for Dodge Data & Analytics.
Nonresidential starts increase, led by institutional
Nonresidential building starts rose 16 percent in April to a seasonally adjusted annual rate of $276.3 billion. Institutional building starts rose 19 percent, driven by education, transportation, and recreation buildings, while commercial starts rose 12 percent due to gains in the office and warehouse categories. On a year-to-date basis, nonresidential building starts were 17 percent lower than d
Construction Starts Slip in April | Glass Magazine
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Nonresidential Construction Gains Can t Overcome Cooling in Single-family Housing Starts
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