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Multifamily construction starts bounce back with 10% rise in May according to latest Dodge Data Report

from MultifamilyBiz

Multifamily construction starts bounce back with 10% rise in May according to latest Dodge Data Report MultifamilyBiz Total construction starts rose 3% from April to May to a seasonally adjusted annual rate of $595.1 billion, following a 25% decline the previous month. Several large nonresidential building projects broke ground in May resulting in the gain. Removing those large projects from the statistics would have resulted in no change in starts over the month. In May, nonresidential buildings increased 8%, while residential building starts rose 4%. Nonbuilding starts, however, declined 4% during the month. READ MORE

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