According to Dodge Data & Analytics, one of North America’s leading providers of commercial construction project data and workflow integrated solutions for the construction industry, in December total construction starts lost -5%, failing to a seasonally adjusted annual rate of $784.3 billion. Nonresidential building starts fell -11% during the month, while nonbuilding starts were -5 % lower. Residential starts were essentially flat over the month. In December, starts were lower in three out of the four Dodge Data regions, with only the South Central posting an increase. For all of 2020, total construction starts fell -10% to $766.3 billion. Nonresidential building starts saw the steepest drop, losing -24%, while nonbuilding starts fell -14 %. Residential construction starts ended 2020 up 4% thanks to strong single-family activity.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Dodge Data: Construction starts end 2020 on sour note