New Construction Starts in July Hold Steady
- November 4, 2021
- Posted by: Alan Hageman
- Category: News
At a seasonally adjusted annual rate of $629.4 billion, new construction starts in July were essentially unchanged from June’s pace, according to Dodge Data & Analytics. By major sector, nonresidential building showed slight improvement following its lackluster June performance, while residential building maintained the strengthening trend witnessed over the past several months. At the same time, nonbuilding construction in July continued to slide back from the exceptional activity witnessed earlier in the year that reflected the start of very large projects, including several massive liquefied natural gas terminals. Through the first seven months of 2015, total construction starts on an unadjusted basis were $397.0 billion, up 19 percent from the same period a year ago. Leaving out the volatile electric utility and gas plant category, total construction starts during the first seven months of 2015 would be up a more moderate 10 percent from the same period a year ago.
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