April Construction Starts Retreat 15 Percent

Dodge Data & Analytics
May 24, 2019

The value of new construction starts in April fell 15 percent to a seasonally adjusted annual rate of $685.2 billion, pulling back following the 16 percent hike that was reported in March, according to Dodge Data & Analytics. During the first four months of 2019, total construction starts on an unadjusted basis were $224.5 billion, down 8 percent from the same period of 2018. On a 12-month moving total basis, total construction starts for the 12 months ending April 2019 held steady with the corresponding amount for the 12 months ending April 2018.

Nonresidential building in April dropped 18 percent to $248.5 billion (annual rate), which followed a 24 percent increase in March. The commercial building categories as a group fell 16 percent in April, after a 22 percent rise in March. Hotel construction dropped 51 percent from its March amount. Office construction in April retreated 9 percent.