Nonresidential Construction Starts Up 34% in June

Reed Construction Data
July 14, 2014
COMMERCIAL, RETAIL, FABRICATION

Reed Construction Data announced that the dollar value of nonresidential construction starts in June surged 34 percent compared to May. Nonresidential starts in June reached $32.0 billion, marking one of the strongest in RCD’s database, according to a Reed release.

The one-third increase was an outsized gain, even after taking into account seasonality. RCD’s long-term average May-to-June increase has been 4.5 percent, according to Reed.

Looking at nonresidential market segments, the month-to-month leaders among major non-residential construction categories were commercial, up 39 percent, and heavy engineering, up 34.7 percent. Institutional work was also up 3.6 percent.

Year-over-year, the June starts were 14.4 higher than June 2013. The year-to-date level of total non-residential construction starts, at $138.0 billion, was up 2.4 percent when compared with the same January to June period of 2013, according to Reed.

Read the full release