Article source: ConstructConnect
ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $23.8 billion (green shaded box, Table 
3 below), a drop of one-quarter (-25.4%) versus January’s figure of $31.9 billion (originally reported as $29.7 billion). For the first time since January 2018, more than two years ago, there were no ‘mega’ project (i.e., valued at $1.0 billion plus) groundbreakings in the latest month.
The months of 2019 were brimming with mega projects. There were 35 altogether, or an average of nearly three per month, with a combined sum of $79.1 billion. In 2020, there has been only one mega project to date, January’s $2 billion people mover at LAX.
