Project groundbreakings continued with strong momentum in the spring after a slow start to the year, according to Dodge Construction Network.
Total construction starts jumped 10% to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network. The increase marks the second month of growth, and the largest increase of the year, said Richard Branch, chief economist for Dodge Construction Network.
That’s largely attributable to gains in the utilities, single-family, warehouse and education sectors, Branch said.
