January Construction Starts Jump; Highways Down
- Published: Wednesday, 22 February 2017 10:17
- Written by Josephine Smith
The value of new construction starts in January climbed 12 percent to a seasonally adjusted annual rate of $690.2 billion, according to Dodge Data & Analytics. After losing momentum during last year’s fourth quarter, nonresidential building strengthened in January, with much of the lift coming from the start of the $3.4 billion Central Terminal Building at LaGuardia Airport in New York as well as groundbreaking for several other large airport terminal projects. However, highway and bridge construction slipped 2 percent.