Dodge: Nonresidential construction soared 32 percent in October
Rebound in October construction starts "alleviates concern about a stalling expansion."
Nonresidential construction in October soared 32% in October from the September level, according to a report by Dodge Data & Analytics, and the value of construction starts was up 13%. Residential construction was up 9% for the month, helped in part by 11 multifamily projects, each worth $100 million or more.
HIghlights:
- October construction starts rose 13% from September
- Residential building rose 9% for month
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Source: Construction Dive
CONTRACTOR SUPPLY MAGAZINE
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