The cooldown in construction starts following a robust first quarter comes as part of the familiar up-and-down nature of the construction industry’s recovery and expansion. Though activity slowed in April, a number of major projects broke ground last month.
Six large wind farms started in Ohio ($450 million), Texas ($342 million), Illinois ($315 million), Iowa ($255 million and $252 million) and New York ($156 million). The multifamily residential category also saw a number of $100-million-plus starts, including a $387 million residential development at the Oceanwide Center in San Francisco. The complex also saw its $780 million office component start construction, along with Facebook’s $300 million data center in Fort Worth, TX.
