US nonresidential construction down in August: Dodge

US nonresidential building starts fell 5.4% in August to a seasonally adjusted annual rate of $431 billion, according to the latest data released by Dodge Construction Network.

The commercial sector bore the brunt of the decline, dropping 12.0% month on month (m/m). The cut was driven by declines in warehouse starts (-25.3%) and retail store construction (-11.3%).

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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