The dollar value of total construction starts dropped 7% in June, mostly due to a 24% monthly decline in non-building construction, according to Dodge Data & Analytics.
Two big events hit construction this quarter: Brexit—that is, the British vote to leave the European Union— and the U.S government’s decision to increase tariff duties on Chinese cold-rolled flat steel by 522%.
Through the first quarter of this year, the dollar value of total construction starts was down 10% from the same period of last year, according to Dodge Data & Analytics’ latest report.
