Market Watch's June Report Reveals 6% Growth in Industry
The Wallstreet Journal’s Market Watch sites a report by McGraw Hill Construction Research & Analytics. The report shows signs of overall growth in for June and
“New construction starts in June advanced 6% to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects. Modest gains in June were also reported for housing and nonbuilding construction (public works and electric utilities). During the first six months of 2014, total construction starts on an unadjusted basis were $254.1 billion, up 1% from the same period a year ago.”
**MONTHLY SUMMARY OF CONSTRUCTION STARTS **Prepared by McGraw Hill Construction Research & Analytics
| MONTHLY CONSTRUCTION STARTS Seasonally Adjusted Annual Rates, In Millions of Dollars | |||
| June 2014 | May 2014 | % Change | |
| Nonresidential Building | $214,933 | $192,329 | +12 |
| Residential Building | 214,258 | 207,322 | +3 |
| Nonbuilding Construction | 120,501 | 117,706 | +2 |
| Total Construction | $549,692 | $517,357 | +6 |
| YEAR-TO-DATE CONSTRUCTION STARTS Unadjusted Totals, In Millions of Dollars | |||
| 6 Mos. 2014 | 6 Mos. 2013 | % Change | |
| Nonresidential Building | $88,683 | $81,199 | +9 |
| Residential Building | 106,022 | 101,714 | +4 |
| Nonbuilding Construction | 59,374 | 68,741 | -14 |
| Total Construction | $254,079 | $251,654 | +1 |
