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July Construction Starts Increase 6%, Down Slightly Year to Date

The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants , located respectively in California and New York. Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines .  Running counter was a 7% slide for nonresidential building following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for healthcare facilities in July.  During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago.  Dampening the year-to-date performance for total construction was a steep 44% decline for t...

July Construction Starts Increase 6% Nationwide | 2017-08-23

The value of new construction starts in July advanced 6 % from the previous month to a seasonally adjusted annual rate of $728.1 billion, according to the most recent report from Dodge Data & Analytics.   Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants in California and New York.   Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines . Running counter was a 7% slide for nonresidential building , following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for health care facilities in July.   During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago. Dampening the year-to-date performance for total construction was a steep 44% declin...

Lending Millenials a Helping Hand -

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Embed from Getty Images WE NEED YOUR QUESTIONS! This column wouldn’t exist without you. So if you’re struggling with life, love or anything in between, all you have to do is complete this form, and we’ll do what we can to help. Anonymity guaranteed. ◊♦◊ (Question has been modified for space and clarity.) I’ve been having problems with my mom. I’m a recent college graduate with a bachelor’s degree in music education, and I live at home. I have no savings or income, although next week I’m starting a 9-to-5 minimum-wage job that lasts three months. I have to finish paying for my tuition ($1,700); I need to take certification exams so I can start teaching (about $600); and I need to save up for a car and an apartment (both are expensive). My mom is demanding I pay $100 a week for rent and $80 a month for my phone, for a total of $480 per month. At my minimum wage job , I will make somewhere around $1,600 per month, which will not leave me much to pay off my debts, or save for the things ...