Non-residential Construction Starts Pulled Back in July

Reed Construction Data announced today that the dollar value of construction starts in July, excluding residential activity, fell 19.5% versus an exceptionally strong June. The drop appears worse when seasonality is factored in. Reed’s long-term average June-to-July percentage change has been +3.5%.

By way of comparison, June versus May was +35.7%. A surge of project authorizations at the beginning of summer has been followed by a significant retreat. The latest month was a return to equilibrium as established over the past several years.

Read the entire article at Reed Construction Data by going here…