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April Nonresidential Construction Starts Sink Lower YTD, -16.7%

May 14, 2020


ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $32.6 billion (green shaded box, Table 3 below), an increase of +2.3% versus March’s figure of $31.8 billion (originally reported as $30.8 billion).

Amidst so much bad economic news, arising from the coronavirus pandemic, the slight increase in nonresidential starts month-to-month strikes a sweet chord. With winter being left behind, April is the time of year when on-site building activity normally perks up nicely. Some of that usual springier step was apparent even in the current extraordinary circumstances.

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