March Sees Increase in Construction Starts, But Rising Material Prices Threaten Recovery
April 22, 2021 Total construction starts rose 2 percent in March to a seasonally adjusted annual rate of $825.3 billion, according to Dodge Data & Analytics. A solid gain in nonresidential building starts fueled the March gain. The Dodge Index rose 2 percent in March, to 175, 2000=100, from February’s 172. Regionally, March’s starts rose in the West, South Central, and Northeast regions, but fell in the Midwest and South Atlantic regions. “The March increase in construction starts is certainly welcome news following the past three months of decline,” says Richard Branch, chief eco...