New construction starts drop 6% in January due to nonresidential shortfalls
archinect.com
The number of construction starts decreased by 6% in January to a new seasonally adjusted annual rate of $1.1 trillion, according to the latest Dodge Construction Network (DCN) survey.Nonresidential building starts were down by 18%, while residential starts decreased by 1%, and nonbuilding starts were 4% higher. On a year-over-year basis, the total number of construction starts was down 6% from January 2024. Nonresidential starts were down 22%, residential starts were down 2% and nonbuilding starts were up by 17% over the same period.Related on Archinect: Architecture billings remain in the red, leading to job losses across the industryFor the 12 months ending January 2025, total construction starts were up 4% from the 12 months ending January 2024. Residential starts were up 5%, nonresidential starts were flat, and nonbuilding starts rose 7% over the same period."After robust data center starts in November and December, total office starts fell back in January to more historic...
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