Construction Starts Dip in June
July 22, 2022 | Scott Baltic | Commercial Property Executive
While project spending is up year-over-year, Dodge describes construction markets as “jittery.”
Total U.S. construction starts declined 5 percent in June, to a seasonally adjusted annual rate of $932.3 billion, according to new data from Dodge Construction Network.
Total construction (a project’s full dollar value is tallied in the month it breaks ground), however, DCN pointed out, was nonetheless 5 percent higher in the first six months of 2022 than in the same period of 2021.
Dodge also noted that “onshoring” is a trending topic in the construction sector and that manufacturing starts have increased 109 percent in the last 12 months ending in June.
