Dodge: 2023 Construction Starts Down YoY

By Gigi Wood – Dodge Data & Analytics Richard Branch, chief economist, Dodge Construction Network, delivered the construction starts data for August 2023, saying interest rates will likely impact starts through the middle of 2024. Nonresidential gained 40% Nonbuilding fell 14% Residential decreased 1% Year-to-date, starts declined 5% Dodge Construction Network on Wednesday delivered the construction starts data for August 2023. The analysis includes data from all the projects that broke ground in August. “August was a pretty good month, with the value of total construction starts rising 6% from July,” said Richard Branch, chief economist, for DCN. “Nonresidential starts had a gangbuster of a month, increasing 40% from July due to the start of a couple big manufacturing plants, as well as an airport terminal. READ FULL ARTICLE >>