Construction activity tumbles 11% in October


According to a recently published report from Dodge Data & Analytics, a broadly based slowdown in the construction industry registered an 11% drop in construction starts for the month of October. 

The report finds that the American economy generated $696.3 billion in construction spending in October, a sharp drop from the previous month's total that has rendered a 4% drop in construction activity overall when comparing the first 10 months of 2018 and 2019, respectively. Let's break down some of the figures in the report. 

Rendering of the Consolidated Rent-A-Car Facilited at LAX designed by AC Martin. Image courtesy of Los Angeles World Airports.
Nonresidential Building Construction

Nonresidential building dropped 20% over the month of October, falling to $225.8 billion in total economic output. 

According to the report, the relative decline is due, in part, to the fact that September saw "very strong" construction start numbers from a series of significant projects that began const...

Antonio Pacheco via Archinect - News http://bit.ly/2NYtezt

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