Dive Summary:
- Increases in the three major parts of the nation's construction industry – residential building, non-residential building and jobs other than buildings – were up in August.
- The result was a seasonally adjusted annual pace of $433.9 billion, and that marked a welcome increase after the number went down in May, June and July. Through August, construction starts of all types this year totaled $304.5 billion.
- The Dodge Index, McGraw-Hill's measure of construction activity, reached 92 last month. The scale ranges from zero to 100, with starts in 2000 being the top mark.
From the article:
At a seasonally adjusted annual rate of $433.9 billion, new construction starts in August climbed 8% relative to July, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. ...