October Construction Starts Fall 9% Because September Spike in Large Projects

New construction starts in October dropped 9% to a seasonally adjusted annual rate of $742.9 billion, pulling back after a 14% jump in September.

New construction starts in October dropped 9% to a seasonally adjusted annual rate of $742.9 billion, pulling back after a 14% jump in September, according to Dodge Data & Analytics. Over the past two months, the pattern for total construction starts was shaped by nonresidential building, which fell 30% in October after soaring 37% in September.

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