The latest Construction Economy Snapshot from ConstructConnect highlights the top ten nonresidential construction starts by dollar volume for September. The report shows a decrease in total nonresidential construction starts compared to the previous month, with Chief Economist Michael Guckes emphasizing the importance of strategic project selection in navigating current challenges.

According to the report, total nonresidential construction starts amounted to $49.7 billion in September, marking a 13.5% decrease from the revised July reading. Guckes pointed out that while year-to-date construction spending has seen a 2.4% decline overall, different sectors and regions are experiencing varied results.

For construction professionals such as general contractors, trades, building product manufacturers, and estimators, understanding the industry landscape is crucial. Guckes emphasized the benefits of making informed project selections in order to thrive in today’s unpredictable construction environment.

By staying informed and strategically choosing projects, construction firms can better navigate the challenges and opportunities present in the current construction market. Keep abreast of industry trends and developments to make informed decisions that will benefit your business in the long run.

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