December’s Nonresidential Construction Starts -17% M/M, +7% Y/Y, & -1% YTD

A Less Than Impressive Megaproject Revival

ConstructConnect announced today that December 2021’s volume of construction starts, excluding residential work, was $25.8 billion (see shaded green box, bottom of Table 10), a decrease of -16.8% compared with November 2021’s level of $31.0 billion (originally reported as $30.4 billion).

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