{"id":2301,"date":"2018-04-20T22:23:45","date_gmt":"2018-04-20T22:23:45","guid":{"rendered":"https:\/\/stgpartners.com\/?p=2301"},"modified":"2018-04-20T22:23:45","modified_gmt":"2018-04-20T22:23:45","slug":"march-construction-starts-advance-11-percent","status":"publish","type":"post","link":"https:\/\/stg.com\/news\/march-construction-starts-advance-11-percent\/","title":{"rendered":"March Construction Starts Advance 11 Percent"},"content":{"rendered":"
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New construction starts in March increased 11% from the previous month to a seasonally adjusted annual rate of\u00a0$785.2 billion<\/span>, according to Dodge Data & Analytics.\u00a0 The substantial gain followed modest declines in January (down 2%) and February (down 3%), and brings the pace of total construction starts to the highest level over the past six months.\u00a0 The nonbuilding construction sector, comprised of public works and electric utilities\/gas plants, soared 73% in March, boosted by the start of several very large projects.\u00a0 These included the\u00a0$3.5 billion<\/span>\u00a0Mountain Valley Pipeline expansion in\u00a0West Virginia<\/span>\u00a0and\u00a0Virginia<\/span>, the\u00a0$1.1 billion<\/span>\u00a0I-405 highway project in\u00a0Orange County CA<\/span>, the\u00a0$855 million<\/span>\u00a0Grand Parkway highway project in\u00a0Houston TX<\/span>, and a\u00a0$400 million<\/span>\u00a0wind farm in Kansas.\u00a0 At the same time, both nonresidential building and residential building eased back slightly in March, with respective declines of 1% and 2%.\u00a0 During the first three months of 2018, total construction starts on an unadjusted basis were\u00a0$167.3 billion<\/span>, down 7% from last year (which included exceptionally strong amounts for airport terminals and natural gas pipelines).\u00a0 On a twelve-month moving total basis, total construction starts for the twelve months ending\u00a0March 2018<\/span>\u00a0were up 1% from the twelve months ending\u00a0March 2017<\/span>.<\/p>\n<\/div>\n<\/div>\n

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(PRNewsfoto\/Dodge Data & Analytics)…<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The March data produced a reading of 166 for the Dodge Index (2000=100), up from 150 for February.\u00a0 During the first quarter of 2018 the Dodge Index averaged 157, up 2% from the 154 average for last year’s fourth quarter, while slightly below the 161 average for the full year 2017.<\/p>\n

“The construction start statistics can show wide swings month-to-month, and March certainly qualifies as one of the stronger months due to the inclusion of several very large projects,” stated\u00a0Robert A. Murray<\/span>, chief economist for Dodge Data & Analytics.\u00a0 “Looking at the data on a quarterly basis can reduce the volatility present in the monthly statistics, and this year’s first quarter shows a continuation of the up-and-down pattern that’s been present over the past year \u2013 first quarter 2017 up 10%, second quarter 2017 down 6%, third quarter 2017 up 8%, fourth quarter 2017 down 9%, and now first quarter 2018 up 2%.\u00a0 This up-and-down pattern typically occurs when construction is at a mature stage of expansion, characterized by a slower rate of growth.\u00a0 A decelerating expansion does not necessarily mean that decline will closely follow, and there are several factors during 2018 that will help construction to stay close to recent levels.\u00a0 In March, Congress reached agreement on fiscal 2018 federal appropriations, which provide additional funding for several public works programs, especially those that are transportation-related.\u00a0 Greater funding continues to be present from construction bond measures passed by state and local governments in recent years.\u00a0 The overall economy continues to proceed at a healthy clip, which supports healthy market fundamentals for commercial building.\u00a0 And, while interest rates are rising, the increases so far have been moderate, as shown by the ten-year Treasury bill stabilizing at 2.8% to 2.9% during March and the first half of April.”<\/p>\n

Nonbuilding construction<\/b>\u00a0in March was\u00a0$205.7 billion<\/span>\u00a0(annual rate), up 73% from the previous month.\u00a0 swift casino no deposit bonusThe substantial percentage gain was the result of very strong March (the third highest monthly amount over the past year) being compared to a weak February (the lowest monthly amount over the past year).\u00a0 The public works categories as a group climbed 62% in March, led by a 198% jump for the miscellaneous public works category which includes pipeline projects. \u00a0The\u00a0$3.5 billion<\/span>\u00a0Mountain Valley Pipeline expansion, which is a natural gas pipeline system that spans approximately 300 miles from northwestern\u00a0West Virginia<\/span>\u00a0to southern\u00a0Virginia<\/span>, provided much of the lift in March.\u00a0 Highway and bridge construction climbed 29% in March, boosted by the start of such projects as the\u00a0$1.1 billion<\/span>\u00a0I-405 highway project in\u00a0Orange County CA<\/span>, the\u00a0$855 million<\/span>\u00a0Grand Parkway highway project in\u00a0Houston TX<\/span>, and the\u00a0$318 million<\/span>\u00a0Kosciuszko Bridge replacement project (phase 2) in Brooklyn NY.\u00a0 The river\/harbor development category jumped 77% in March, aided by the start of a\u00a0$580 million<\/span>\u00a0storm sewer and utility tunnel project in\u00a0Washington DC<\/span>\u00a0and a\u00a0$122 million<\/span>\u00a0harbor dredging project in Boston MA.\u00a0 Sewer construction in March was unchanged from February, while water supply construction fell 4%.\u00a0 The electric utility\/gas plant category increased 507% in March, which was due to the comparison to an extremely low amount in February, as the March rate of construction starts was still 47% below its average monthly pace during 2017.\u00a0 Large electric utility\/gas plant projects in March were a\u00a0$400 million<\/span>\u00a0wind farm in\u00a0Kansas<\/span>, a\u00a0$125 million<\/span>\u00a0liquefied natural gas plant in\u00a0Texas<\/span>, and two solar power facilities in\u00a0Hawaii<\/span>\u00a0valued respectively at\u00a0$125 million<\/span>\u00a0and\u00a0$115 million<\/span>.<\/p>\n

Nonresidential building\u00a0<\/b>in March was\u00a0$243.3 billion<\/span>\u00a0(annual rate), down 1% from the previous month.\u00a0 The commercial categories as a group retreated 13% following a 17% increase in February, with declines reported for four of the five structure types.\u00a0 Hotel construction dropped 40% after being boosted in February by the start of three large projects, including the\u00a0$250 million<\/span>\u00a0Loew’s Kansas City Convention Hotel in Kansas City MO.\u00a0 In contrast, the largest hotel project entered as a March start was the\u00a0$78 million<\/span>\u00a0Jimmy Buffett Margaritaville Hotel in Nashville TN.\u00a0 Office construction in March dropped 16% after being lifted in February by the start of such projects as a\u00a0$600 million<\/span>\u00a0Google data center in\u00a0Clarksville TN<\/span>\u00a0and the\u00a0$220 million<\/span>\u00a0Cerner Corporation Campus in Kansas City MO.\u00a0 Still, March did include groundbreaking for several noteworthy office building projects, led by a\u00a0$600 million<\/span>\u00a0Google data center in\u00a0Pryor OK<\/span>, the\u00a0$245 million<\/span>\u00a0U.S. Citizenship and Immigration Services building in Suitland-Silver Hill MD, the\u00a0$233 million<\/span>\u00a0office portion of the\u00a0$300 million<\/span>\u00a0One Willoughby Square<\/span>\u00a0mixed-used development in\u00a0Brooklyn NY<\/span>, and the\u00a0$137 million<\/span>\u00a0BMO Bank office tower in Milwaukee WI.\u00a0 Store construction in March retreated 20%, while commercial garage construction slipped 7%.\u00a0 Warehouse construction was the one commercial structure type to report a March gain, rising 37% with the help of a\u00a0$130 million<\/span>\u00a0Amazon fulfillment center in\u00a0Rialto CA.<\/span><\/p>\n

The institutional categories as a group fell 11% in March. Healthcare facilities retreated 32% following a 50% hike in February, although March did include the start of three hospital projects valued each at\u00a0$100 million<\/span>\u00a0or more \u2013 the\u00a0$344 million<\/span>\u00a0Indiana University<\/span>\u00a0Health Hospital and academic building in Bloomington IN, the\u00a0$283 million<\/span>\u00a0Harrison Silverdale Hospital in\u00a0Silverdale WA<\/span>, and the\u00a0$142 million<\/span>\u00a0Mercy Oklahoma Heart Hospital in Oklahoma City OK.\u00a0 Reduced activity in March was also reported for public buildings (courthouses and detention facilities), down 12%; amusement-related buildings, down 29%; and religious buildings, down 41%.\u00a0 On the plus side, the educational facilities category increased Swift Casino bonus codes8% in March, led by two medical research facilities \u2013 the\u00a0$200 million<\/span>\u00a0Children’s Mercy research tower in\u00a0Kansas City MO<\/span>\u00a0and the\u00a0$109 million<\/span>\u00a0Health Sciences Education Center in Minneapolis MN.\u00a0 March also saw the start of several large high school projects, including a\u00a0$90 million<\/span>\u00a0high school in Indian Land SC and an\u00a0$82 million<\/span>\u00a0high school expansion in Kirkland WA.\u00a0 Transportation terminal construction grew 40% from a weak February, helped by the start of a\u00a0$154 million<\/span>\u00a0station improvement project on the Long Island Railroad in New York.\u00a0 Offsetting the overall declines for commercial and institutional building in March was a 280% jump by the manufacturing building category, which benefited from the start of a\u00a0$1.0 billion<\/span>\u00a0natural gas processing facility in\u00a0Pierce CO<\/span>, a\u00a0$750 million<\/span>\u00a0chemical processing plant in\u00a0Rosemount MN<\/span>, a\u00a0$500 million<\/span>\u00a0cryogenic natural gas processing plant in\u00a0Slovan PA<\/span>, and a\u00a0$200 million<\/span>\u00a0cryogenic natural gas processing plant in\u00a0Arkoma OK.<\/span><\/p>\n

Residential building<\/b>\u00a0in March was\u00a0$336.2 billion<\/span>\u00a0(annual rate), down 2% from the previous month.\u00a0 Multifamily housing slipped 7% following a 6% gain in February and a 36% hike in January.\u00a0 The number of large multifamily projects entered as construction starts stayed high, with March seeing 13 multifamily projects valued each at\u00a0$100 million<\/span>\u00a0or more reach groundbreaking, slightly more than the 11 such projects entered as February starts (which included the\u00a0$700 million<\/span>\u00a0City View Tower in\u00a0Queens NY<\/span>). \u00a0The largest multifamily projects entered as construction starts in March were the\u00a0$398 million<\/span>\u00a0multifamily portion of the\u00a0$450 million<\/span>\u00a0Seattle Times<\/span>\u00a0mixed-use development in\u00a0Seattle WA<\/span>, the\u00a0$220 million<\/span>\u00a0multifamily portion of the\u00a0$250 million<\/span>\u00a0Broadway Block mixed-use development in\u00a0San Diego CA<\/span>, and the\u00a0$217 million<\/span>\u00a0multifamily portion of a\u00a0$258 million<\/span>\u00a0mixed-use development in Weehawken NJ.\u00a0 In March, the top five metropolitan areas ranked by the dollar amount of multifamily starts were \u2013\u00a0New York NY<\/span>,\u00a0Seattle WA<\/span>,\u00a0Boston MA<\/span>,\u00a0Los Angeles CA<\/span>, and Miami FL.\u00a0 Metropolitan areas ranked 6 through 10 were \u2013\u00a0Washington DC<\/span>,\u00a0Austin TX<\/span>,\u00a0San Diego CA<\/span>,\u00a0Denver CO<\/span>, and\u00a0Dallas-Ft. Worth TX.<\/span>\u00a0\u00a0Single family housing in March was unchanged from February, extending the steady pace that was present during the previous four months.<\/p>\n

The 7% decline for total construction starts on an unadjusted basis during this year’s January-March period compared to the last year reflected decreased activity for two of the three main sectors.\u00a0 Nonresidential building fell 17% year-to-date, with commercial building down 16% and institutional building down 24%, while manufacturing building grew 39%.\u00a0 Nonbuilding construction fell 15% year-to-date, with public works down 10% and electric utilities\/gas plants down 48%.\u00a0 Residential building grew 7% year-to-date, with single family housing up 4% and multifamily housing up 12%.\u00a0 By geography, total construction starts for the first three months of 2018 versus last year showed this performance \u2013 the South Atlantic, down 1%; the South Central, down 5%; the West, down 9%; the Midwest, down 10%; and the Northeast, down 14%.<\/p>\n

Useful perspective comes from looking at twelve-month moving totals, in this case the twelve months ending\u00a0March 2018<\/span>\u00a0versus the twelve months ending March 2017.\u00a0 On this basis, total construction starts were up 1%.\u00a0 By major sector, residential building advanced 3%, with single family housing up 7% while multifamily housing retreated 6%.\u00a0 Nonresidential building slipped 1%, with institutional building down 1% and commercial building down 6%, while manufacturing building climbed 32%.\u00a0 Nonbuilding construction was also down 1%, with public works up 2% and electric utilities\/gas plants down 16%.<\/p>\n

March 2018<\/span>\u00a0Construction Starts<\/b><\/p>\n

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March 2018 Construction Starts<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Monthly Summary of Construction Starts<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n\n

Prepared by Dodge Data & Analytics<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Monthly Construction Starts<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

Seasonally Adjusted Annual Rates, in Millions of Dollars<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

March 2018<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

February 2018<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

% Change\u00a0<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Nonresidential Building<\/b><\/span><\/p>\n<\/td>\n

\n

$243,293<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$246,059<\/span><\/p>\n<\/td>\n

<\/td>\n\n

-1<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Residential Building<\/b><\/span><\/p>\n<\/td>\n

\n

336,240<\/span><\/p>\n<\/td>\n

<\/td>\n\n

343,409<\/span><\/p>\n<\/td>\n

<\/td>\n\n

-2<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Nonbuilding Construction<\/b><\/span><\/p>\n<\/td>\n

\n

205,703<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

119,208<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

+73<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Construction<\/b><\/span><\/p>\n<\/td>\n

\n

$785,236<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$708,676<\/span><\/p>\n<\/td>\n

<\/td>\n\n

+11<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Dodge Index<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Year 2000=100, Seasonally Adjusted\u00a0<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 March 2018 \u2026.\u2026..166\u00a0\u00a0<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 February 2018\u2026..150<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

Year-to-Date Construction Starts<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

Unadjusted Totals, in Millions of Dollars<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n\n

3 Mos. 2018<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

3 Mos. 2017<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

% Change\u00a0<\/b><\/u><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Nonresidential Building<\/b><\/span><\/p>\n<\/td>\n

\n

$53,660<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$64,699<\/span><\/p>\n<\/td>\n

<\/td>\n\n

-17<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Residential Building<\/b><\/span><\/p>\n<\/td>\n

\n

77,472<\/span><\/p>\n<\/td>\n

<\/td>\n\n

72,727<\/span><\/p>\n<\/td>\n

<\/td>\n\n

+7<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Nonbuilding Construction<\/b><\/span><\/p>\n<\/td>\n

\n

36,206<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

42,766<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n\n

-15<\/u><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Total Construction<\/b><\/span><\/p>\n<\/td>\n

\n

$167,338<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$180,192<\/span><\/p>\n<\/td>\n

<\/td>\n\n

-7<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

\u00a0 Total Construction,\u00a0excluding<\/b><\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

\u00a0\u00a0 electric utilities\/gas plants<\/b><\/span><\/p>\n<\/td>\n

\n

$164,453<\/span><\/p>\n<\/td>\n

<\/td>\n\n

$174,640<\/span><\/p>\n<\/td>\n

<\/td>\n\n

-6<\/span><\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New construction starts in March increased 11% from the previous month to a seasonally adjusted annual rate of\u00a0$785.2 billion, according to Dodge Data & Analytics.\u00a0 The substantial gain followed modest declines in January (down 2%) and February (down 3%), and brings the pace of total construction starts to the highest level over the past six…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"node_moved":[],"footnotes":""},"categories":[5,10],"tags":[53],"company":[],"class_list":["post-2301","post","type-post","status-publish","format-standard","hentry","category-news","category-press-release","tag-dodge-data-analytics"],"acf":[],"yoast_head":"\nMarch Construction Starts Advance 11 Percent - STG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stg.com\/news\/march-construction-starts-advance-11-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March Construction Starts Advance 11 Percent - 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