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HAMILTON, N.J., September 20, 2023--Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively.
The latest data from the Dodge Construction Network has indicated a 6% total rise in construction starts to a seasonally-adjusted rate of $1.3 trillion for the month of August, following a 17% rise that was recorded in July thanks to gains in the multifamily and nonbuilding sectors. Nonresidential...
Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion.
A top ranked economics and finance blog with a focus on the housing market
A top ranked economics and finance blog with a focus on the housing market