January’s Nonresidential Construction Starts -14% M/M and -11% YTD
On: February 17, 2020 | By:
ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $29.7 billion (green shaded box, Table 3 below), -14.0% versus December 2019’s figure of $34.5 billion (originally reported as $34.0 billion). The decline was greater than the usual step back due to seasonality of -10.0%. ‘Seasonality’ refers to increases or decreases in activity due to favorable or unfavorable weather. Winter qualifies as unfavorable.
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