New Construction Starts Slide in July

Dodge Data & Analytics reports 9 percent decline in new construction starts, to a seasonally adjusted $817.4 billion.

New construction starts fell 9 percent to a seasonally adjusted $817.4 billion in July compared to an elevated pace reported in June, according to Dodge Data & Analytics.

The latest month's decline followed strong gains for total construction starts during the previous two months, with May up 14 percent and June up 11 percent, the researcher said. By major sector, nonresidential building dropped 22 percent after soaring 59 percent in June.  

The other two major sectors in July held close to their June amounts, with residential building up 2 percent and nonbuilding construction unchanged. During the first seven months of 2018, total construction starts on an unadjusted basis were $471.4 billion, up 2 percent from the same period a year ago.

The July statistics produced a reading of 173 for the Dodge Index, down from 190 in June, which was the highest level so far during 2018.

 

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.