New Construction Starts Jump 14 Percent in September

- The value of new construction starts "soared" 14% from August to September at a seasonally adjusted annual rate, Dodge Data & Analytics reported on Thursday. "The nonresidential building sector strengthened for the second month in a row, climbing 37%, with the boost coming from the start of a $6.0 billion ethane cracker plant in western Pennsylvania, plus two projects in New York [City]—the new, $4.0 billion Delta Airlines terminal facility at LaGuardia Airport and the $1.7 billion 50 Hudson Yards office tower in Manhattan. Residential building in September edged up 1%, as both single-family and multifamily housing registered

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