May Nonresidential Constructions Starts Soar 30%

Construction’s 2015 roller coaster has delivered just 2% more starts since the first of the year than January through May 2014


May’s $30.5 billion of construction starts, excluding residential work, soared 30.3% over the April, reported CMD. The nearly one-third month-to-month gain was much higher than the usual April-to-May change, due to seasonality, of +8.0%.

Nonresidential construction starts have been on a roller coaster all year. May’s +30.3% was preceded by April’s -5.6% and March’s +28.1%. February was -10.6% and January, -11.7%.

Total non-residential starts in the first five months of 2015 have been 2.0% greater than versus the same January-to-May time frame of last year.

CMD’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series.

(more on CMD's May construction starts report . . . )