Multifamily Housing Construction Starts for March Become The Bright Spot in Sea of Decline According to Latest Dodge Report
HAMILTON, NJ - Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network. Nonresidential building starts lost 29%, in part due to the start of three large manufacturing facilities in the prior month. When those three large projects are removed, nonresidential starts in March would have risen 10%. Residential starts also fell 3%, and nonbuilding starts lost 2%. Year-to-date, total construction was 9% higher in the...
Source: multifamilybiz.com
