Construction Starts Lower Through First 10 Months of 2020

摘要

Total construction starts (dollars) climbed 12% from September to October at a seasonally adjusted annual rate, Dodge Data & Analytics reported. "While sizeable, the increase does not erase September's substantial pullback in starts," stated Ken Simonson, Associated General Contractors of America (AGC) chief economist. "All three major categories moved higher over the month: nonbuilding starts rose 25%, nonresidential buildings increased 19%, while residential activity gained 2%. At press time Dodge Data and Analytics reported that total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following the strong gain in October.