26
Apr
17:17
High interest rates constrain US construction starts: Dodge
The dollar value of March US nonresidential building starts slipped 8% year-on-year to a seasonally adjusted annual rate of $363 billion, Kallanish discovers in the latest industry data gathered by Dodge Construction Network.
Elevated interest rates remain a factor weighing on nonresidential building activity.
“The construction sector has hit a soft patch to start 2024,” says Richard Branch, chief economist for Dodge Construction Network. “Howe…
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Anonymous
Very good overview of the weekly steel market.
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