21
Mar
16:10
February US construction starts decline on-year
The dollar value of February US nonresidential building starts slipped 2% year-on-year to a seasonally adjusted annual rate of $406.5 billion, Kallanish discovers in the latest industry data gathered by Dodge Construction Network.
Contributing factors behind the decline in construction activity are elevated US interest rates and tighter lending practices by lending institutions.
“Construction activity was hit hard by higher rates and more restrictive credit…
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Very good overview of the weekly steel market.
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