July Construction Starts Up 6% from June | Construction Industry News | Reed Construction Data
July Construction Starts Up 6% from June | Construction Industry News | Reed Construction Data: “Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through July, excluding residential contracts, totaled $149.7 billion, 7.5% more than in the same months of 2009. Individual month of July starts were 6.4% higher than in June. This is more than the usual seasonal gain in July.
The value of starts has now been about steady for five months after allowing for seasonality. Current starts are 48% above the low point last June but remain 24% below the pre-financial-crisis peak in August 2008. The value of starts is expected to be about steady in the coming months and then begin to rise at the end of the year.”
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