New construction starts in August soared 21% to a seasonally adjusted annual rate of $711.2 billion following lackluster activity in July, says Dodge Data & Analytics.
The August rise for total construction starts featured an especially elevated amount for nonresidential building, which was helped by the start of a $3-billion petrochemical plant in Louisiana, the $1.7-billion Wynn Casino in the Boston area, and a $508-million terminal upgrade at Seattle-Tacoma International Airport.
