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construction cranes (Photo by Joe Raedle/Getty Images)

Dodge Data: Big Nonbuilding Projects Push Construction Starts in February Up 10%

Nonbuilding construction in February surged 49% to $200.9 billion (annual rate). The electric power and gas plant category jumped 328%, boosted by the start of the $3 billion third segment (or train) of that LNG export terminal in Freeport, Texas, and the six very large power plant projects.

The Dodge Data & Analytics February construction report offers some good insight into where the construction market is at in early 2016. While the overall data for new construction starts shows a double-digit gain, much of the increase comes from a giant LNG plant the broke ground last month on the Gulf Coast. Dodge says that once you take away that plant, declines in some segments of the construction market appear.

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TAGS: Commercial
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