ConstructConnect announced today that July 2021’s volume of Nonresidential construction starts, excluding residential work, was $37.6 billion (green shaded box, Table 8 below), a decrease of -3.1% vs June 2021’s $38.8 billion (originally reported as $38.4 billion).

July's Nonresidential Construction Starts -3% M/M, +11% Y/Y & -7% YTD Graphic

Click here to read the complete July 2021 Industry Snapshot article, July’s Nonresidential Construction Starts -3% M/M, +11% Y/Y & -7% YTD – below is a short excerpt.

A Wind Farm, a Warehouse, an Office Tower and the FBI

The largest construction jobs initiated in the latest month included two mega projects defined as carrying estimated values of a billion dollars or more each. Biggest of all was a $2.8 billion wind farm for power generation to be situated off the coast of Massachusetts. Plus, there was a start-up on a $1 billion Federal Bureau of Investigation (FBI) building in Huntsville, Alabama.

Not exceeding a billion dollars in value but projected to account for 2.5 million square feet of construction, was July’s groundbreaking on the 57-story JPMorgan Chase office tower in New York. Also, not making it into July’s Top 10 (see Top 10 Project Starts in the U.S. – July 2021) for dollar value, but notable nonetheless, was an Amazon/Seefried Industrial Properties’ distribution center in Davenport, Iowa, for 2.9 million square feet.

July of last year featured only one mega project, the $1.4 billion Metro/Foothill Gold Line light rail extension in San Dimas (east Los Angeles), California.

industry snapshot july 2021
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Click here to download the complete Construction Industry Snapshot Package – July 2021 PDF.

By Major Types of Structure, 3 Distinct Paths

Starts year to date in 2021, according to the three major type-of-structure designations, have traveled quite separate paths. Residential starts have been ahead by more than a quarter, +26.2%; engineering starts have been flat, -0.6%; and nonresidential building starts have been less than sparkling, -11.4%.

On a month-to-month basis in July, though, engineering starts were the sprightliest, +24.4%, followed by residential, +12.3%, with nonresidential building still displaying weakness, -20.1%.

Click here to download the Construction Industry Snapshot Package – July 2021 PDF.

Click here for the Top 10 Project Starts in the U.S. – July 2021.

Click here for the Nonresidential Construction Starts Trend Graphs – July 2021.