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Abby Samp

Blog Feature

Economic News

By: Abby Samp
February 10th, 2020

Following a contraction in 2018, total construction starts in the U.S .grew by 4.0% to reach $795 billion. Residential starts spent a second year in contraction, falling by 3.8% in 2019, with both the single and multi-family segments slipping. Nonresidential starts rose by 5.3% supported by groundbreaking for several large factories. Civil engineering starts increased by 15.9%, supported by new power infrastructure projects, particularly in Q3 2019.

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