ConstructConnect Releases Nonresidential Construction Starts: April 2024

Nonresidential Construction Starts Rise 1% in April,  Fall 5% Year-to-Date

Cincinnati, Ohio, May 28, 2024—ConstructConnect, a leading provider of software solutions for the preconstruction industry, announced today that the dollar volume of nonresidential construction starts in April 2024 was $49.6 billion, an increase of 0.9% compared to March 2024’s figure of $49.1 billion.

The dollar volume of April 2024’s total nonresidential starts was down 4.3% compared with April 2023. Year-to-date, total nonresidential starts have fallen 5.1%.

Through the end of April, total starts (residential and nonresidential) were up 7.6% from March 2024, gained 1.5% from April 2023 results, and year-to-date, have fallen 2.2%.

Construction starts compile the total estimated dollar value and square footage of all projects on which ground is broken in any given month.

Select highlights from the report:

• Road and highway construction starts in April, rose 75.1% from March 2024 and gained 29.9% from a year ago by dollar volume.

• Only one megaproject ($1 billion and up) started in April, a bridge and culvert job in Washington State for an estimated $1.3 billion.
  
  
• According to Chief Economist Alex Carrick, April nonresidential starts reflect “a big positive swing in engineering, up 80.3%, that counterbalanced declines” in industrial, commercial, and institutional.
   
• Construction ranked 2nd among major job sectors for year-over-year April job growth.  

• Sr. Economist Michael Guckes provides analysis and insight on the divergence between public and private sector project opportunities.  

The full report can be found in ConstructConnect economic resources.

About ConstructConnect

Construction Starts Here™ at ConstructConnect, where our mission is to help the construction industry start every project on a solid foundation. A leading provider of software solutions for the preconstruction industry, ConstructConnect empowers commercial construction firms to streamline their workflows and maximize productivity. ConstructConnect operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the Nasdaq 100, S&P 500, and Fortune 1000.