Total Construction Starts Soar in October
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Wednesday, November 17, 2021
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Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network .
Key Points:
- Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network .
- Without these projects, total construction starts would have fallen 6% in October.
- Below is the breakdown for construction starts:
Nonbuilding construction starts rose 52% in October to a seasonally adjusted annual rate of $268.4 billion. - Regionally, total construction starts improved in the South Central and West regions, while slipping in the Northeast, Midwest, and South Atlantic regions.