Richard Branch, chief economist at Dodge Data & Analytics, reviews the latest economic indicators for the construction industry in a new video. Here’s the upshot:
- Total construction starts fell 9% from July to August.
- This is the third consecutive monthly decline in activity.
- All three major sectors fell during the month.
- Non-building starts fell by 2%.
- Residential starts fell by 9%.
- Non-residential starts fell by 13%.