New Construction Falls in April; Highways Rise
Published: Wednesday, 18 May 2016 09:26
Written by Rock Products News
The value of new construction starts in April fell 8 percent from the previous month to a seasonally adjusted annual rate of $608.3 billion, according to Dodge Data & Analytics. Nonresidential building pulled back following its sharp March increase, and residential building also declined due to a slower pace for multifamily housing. Meanwhile, the nonbuilding construction sector showed improvement, with public works strengthening after its lackluster March performance.
Read more: New Construction Falls in April; Highways Rise