Construction Starts Decline 10% in July After showing improvement during the spring, the pace of construction starts has retreated over the past three months, declining another 10% in July, according to McGraw-Hill Construction. Through the first seven months of the year, starts totaled $262.9 billion, a 4% gain over the same period of a year ago. "Construction is still struggling to gain upward traction," says MHC's chief economist, Robert Murray. "Public works and institutional buildings are being adversely affected by the tough fiscal climate, while a faint upturn in commercial buildings becomes more tenuous," he says.Bechtel-B&W Role Questioned After Break-in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.