Construction News: Construction starts rebound on manufacturing, housing strength
Total construction starts rebounded in February to a seasonally adjusted annual rate of $912.8 billion, a 6% rise, due to bustling building activity for manufacturing plants and homes, according to Dodge Construction Network. But after a massive dropoff in January, starts for the first two months of the year were still 17% below their 2022 levels and weakness in the commercial and institutional sectors pose cause for concern.