Alex Carrick | ConstructConnect
ConstructConnect announced that June construction starts, excluding residential activity, fell -13.7 percent versus May. The usual May-to-June change, due to seasonality, is +4.5 percent.
June of this year versus a strong June of last year was -16.3 percent. 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 percent.
Year-to-date starts through the first half of this year, compared with January-to-June of last year, stayed positive at +2.4 percent.
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.
