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Total construction starts jump 8% following two-month decline

November 17, 2022

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Following two consecutive declines in starts during August and September, Branch maintained last month that that the drop should “not be seen as a precursor to a cyclical pullback in the industry.”

Now, October’s rebound lends credence to that call, and signals the industry continues to fend off concerns of higher inflation rates, at least for now.

“While the residential sector is feeling the pain, the nonresidential building and infrastructure sectors are hitting their stride,” said Branch in the report.

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