Article source: ConstructConnect
ConstructConnect announced today that June construction starts, excluding residential activity, fell -13.7% versus May. The usual May-to-June change, due to seasonality, is +4.5%.
June of this year versus a strong June of last year was -16.3%. Standalone June of this year versus June’s average level over the previous five years (2012-2016 inclusive), however, was a more upbeat +2.8%.
Year-to-date starts through the first half of this year, compared with January-to-June of last year, stayed positive at +2.4%.
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.