Dive summary:
- Overall construction starts last month came in at an annualized pace of $435.4 billion, which is 7% below January's start to the year.
- McGraw-Hill Construction, which compiled the information as a seasonally adjusted figure, said the slowdown came in the nonresidential building area and the non-building parts of the industry, such as highways and utilities.
- Home-building continued apace, and its rate for the first two months of the year, in unadjusted numbers, was up 5% from the year-ago period.
From the article:
The February statistics lowered the Dodge Index to 92 (2000=100), down from 99 in January. ...
