While nonresidential construction is moving upwards, recent spikes in coronavirus cases in some states could dampen recovery, according to a construction industry chief economist.
Total construction starts increased 6 percent in June to $641.4 billion – the second consecutive monthly gain in construction starts following the COVID-19 induced declines in March and April, according to a recent report by Dodge Data & Analytics, a provider of analytics and other data-driven research for the construction industry.
"Construction starts activity remains significantly weaker than year-ago levels, even though it has been slowly increasing since its nadir in April," said Richard Branch, Chief Economist for Dodge Data & Analytics in prepared remarks. "May's gain in starts was fueled by a handful of very large projects, but June's gain appears to be much more organic in nature."
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Suzette Parmley
Trenton Correspondent who covers the N.J. Supreme Court, Governor, Legislature. She also contributes to The Legal Intelligencer and law.com. Suzette joined New Jersey Law Journal in Jan. 2019 from the Philadelphia Inquirer where she was a former Trenton Statehouse Correspondent and Business Reporter/Columnist. Awards: 1st Place for 2020 coverage of NJ Supreme Court; 2019 Specialized Writing Category, 5-time winner of the Business Financial Writing Portfolio Award from the New Jersey Press Association. Graduate of the Fels Center of Government/University of Pennsylvania. Email: [email protected] or follow on Twitter: @SuzParmley
