News — New Construction Starts in December Rebound 12 Percent; Annual Total for 2017 Advances 3 Percent to $745.9 Billion

New Construction Starts in December Rebound 12 Percent; Annual Total for 2017 Advances 3 Percent to $745.9 Billion   NEW YORK – January 25, 2018 – New construction starts in December climbed 12% to a seasonally adjusted annual rate of $733.3 billion, bouncing back following November’s 12% decline, according to Dodge Data & Analytics. December’s gain for total construction reflected varied improvement by each of the three main construction sectors. Nonbuilding construction (public works and electric utilities/gas plants) jumped 43%, lifted by the start of the $2.3 billion I-66 Corridor Improvements Project in northern Virginia. Nonresidential building rose 10%, aided...