High interest rates knock construction starts to 10-month low
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Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
As 2023 comes to a close, experts are fairly optimistic about the economic outlook for construction in 2024, but not without some words of caution.
Construction starts for the month of November fell by 15% to new ten-month lows at a seasonally adjusted annual rate of $927 billion, according to the latest figures from the Dodge Construction Network. For the month, nonresidential building starts fell 29%, residential starts lost 6%, and...