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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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