Total Construction Starts Slip in June
Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics .
- Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics .
- Below is the full breakdown:
Nonbuilding construction starts lost 13% in June, dipping to a seasonally adjusted annual rate of $171.8 billion. - Commercial starts rose 12% with all categories posting gains, while institutional starts fell by 9% and manufacturing starts lost 62% over the month.
- Commercial starts were up 7% and manufacturing starts were 36% higher, while institutional starts were 5% lower through the first six months.