New Construction, Existing-Home Sales Continue to Slow Amid Rising Costs

摘要

New construction starts continue to decline in the face of rising interest rates and higher material costs-though strong economic conditions and increased infrastructure spending could mitigate declines in the near future, according to the latest Dodge Data & Analytics report.Construction starts in September fell 5 percent from August to a seasonally adjusted annual rate of $709.6 billion, producing a reading of ISO for the Dodge Index after August's 157 reading, Dodge reported. After reaching the current year's high in June, momentum has receded for the third consecutive month. Starts were down 9 percent in both July and August.