3115 Wildwood Ln, Eldorado, CA, 45321
Broad based weakness present due to COVID-19 spread NEW JERSEY — May 14, 2020 — Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit the construction sector. In April, nonresidential building starts fell 37% from March, while residential dropped 25%. The decline in nonbuilding construction starts was more tepid, falling just 5% due to strong activity in streets and bridges.