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Total Construction Starts Declined 27% in January, Says Dodge

Total Construction Starts Declined 27% in January, Says Dodge

Hamilton, NJ, February 22, 2023-Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.