2023 Begins With ‘Positive Momentum’ for Construction
Post date
January 26, 2023
Body
Joe Bousquin, Construction Dive
Total construction starts closed 2022 on a winning streak, rebounding in December from the previous month to post a 27% gain for a seasonally adjusted annual rate of $1.185 trillion. That’s the first monthly year-end jump since 2017, according to Dodge Construction Network.
The sector was led by nonresidential building starts, which grew to $549.6 billion on a seasonally adjusted annual basis, a 51% jump from November.