All Three Major Sectors Add to February Construction Starts
Non-building construction was up 87% in January 2015 and gained another 9% in February, leaving that market 89% above the first two months of last year, according to Dodge Data & Analytics. Non-residential building jumped on the bandwagon with a 42% monthly increase in the dollar value of starts, putting that market 22% above the first two months of 2014. Homebuilding also started to strengthen, with a 5% monthly gain in February, lifting that market 7% above a year ago. The non-residential building sector got a major boost from the start of a $3-billion energy project in Texas.