Source: Dodge Data & Analytics, New York
The 2017 Dodge Construction Outlook sees total U.S. construction starts for 2017 advancing 5 percent to $713 billion, following increases of 11 percent in 2015 and an estimated 1 percent this year. Projected 8 percent gains for both residential and nonresidential building next year will accompany an expected 3 percent drop in nonbuilding construction.
Source: McGraw Hill Construction, New York
New construction starts in March advanced 7 percent to a seasonally adjusted annual rate of $521.4 billion, based on measurements of three major sectors: 1) nonresidential building, which picked up the pace after its lackluster performance at the outset of this year; 2) nonbuilding construction, logging a moderate gain; and, residential building, which settled back as single-family housing remained sluggish.