Article source: ConstructConnect
ConstructConnect announced today that April’s volume of construction starts, excluding residential activity, was $42.5 billion. The latest month-to-month change was +14.3%. Moving from March to April usually accounts for the biggest gain due to seasonality. The long-term average increase in starts between the third and fourth months of the year has been +12.0%.
April of this year versus the same month of last year was -5.0%. April of this year versus the five-year average for April, from 2013 through 2017, however, was a much better +28.8%.
April 2018’s year-to-date performance was -15%. Still, that was an improvement over March’s first-reported pull-back of -22%. The year-to-date percentage changes early in 2018 are being held down by Q1 2017’s exceptional strength in starts. This effect will gradually dissipate.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.