Abby Samp

Blog Feature

By: Abby Samp
May 19, 2022

U.S. construction starts grew 5.9% in 2021 to $747 billion, with divergent outcomes across the three headline sectors. New residential construction grew 14.5%, with growth in both the single-family and multi-family segments. Nonresidential building, by contrast, declined 1.3% with significant pandemic-related scarring persisting in sectors related to travel and office working. Civil engineering construction was broadly flat, posting growth of just 0.9%.