A Weak May Drops Total Starts 1% Below a Year Ago New construction starts in May dropped 5% below the previous month, according to McGraw Hill Construction Dodge. The monthly decline dragged the dollar value of total construction starts through the first five months of this year 1% below the same period of 2013. However, all the year-to-year decline came from a 13% year-to-year drop in non-building construction. During the same five-month period, the dollar value of non-residential building starts was up 5%, while the residential building market rose 2%. In the non-building market, electric utility work plunged 35% for
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.