Total construction starts are down 1% year-to-date, according to Dodge Data & Analytics, in line with what the company predicted as growth in the industry slows.
“Through 11 months [of 2019], construction starts continue to show signs of pulling back following nine years of growth,” says Richard Branch, chief economist at Dodge Data & Analytics. Dodge reports that total residential starts have dropped 4% on a year-to-date basis through November, with decreases in both single-family and multifamily sectors. Starts in non-residential construction over the same time period have declined as well, particularly in the retail, hotel, education and healthcare arenas.