New Construction Starts Make Huge Jump
Published: Thursday, 22 September 2016 12:13
Written by Rock Products News
New construction starts in August soared 21 percent to a seasonally adjusted annual rate of $711.2 billion, according to Dodge Data & Analytics, following lackluster activity in July. The August rise for total construction starts featured an especially elevated amount for nonresidential building, which was helped by the start of a $3 billion petrochemical plant in Louisiana, the $1.7 billion Wynn Casino in the Boston area, and a $508 million terminal upgrade at Seattle-Tacoma International Airport.
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