January’s Nonresidential Construction Starts -5% Y/Y, but +12% M/M

Engineering Megaprojects Take Center Stage

ConstructConnect announced today that January 2022’s volume of construction starts, excluding residential work, was $29.2 billion. The latest month’s nonresidential dollar volume was -4.5% versus the same month of the previous year, January 2021. On the positive side, though, January 2022 was +11.5% compared with its preceding month, December 2021.

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