Total U.S. construction starts fell by five percent in June to a seasonally adjusted annual rate of $932.3 billion, with nonresidential building starts declining 14 percent and residential starts declining six percent, according to Dodge Construction Network.

Year-to-date, total construction was five percent higher in the first six months of 2022 compared to the same period in 2021 and for the 12 months ending in June 2022, total construction starts were seven percent above the twelve-month period ending June 2021, according to the report.

Last Updated on July 26, 2022 by Ramin Seddiq