Construction Industry Starts Show No Gain Over First Quarter
The dollar value of total construction starts through the first quarter of this year was $100.5 billion, according to the latest Dodge data compiled by McGraw-Hill Construction. That nearly matches the $100.9 billion set during the first three months of 2012. The no-gain scenario is the result of a 9% decline in non-residential building and a 23% decline in non-building construction balancing out a 33% increase in residential work.