Dodge Data & Analytics notes utility construction off in June after strong May
Written By: Stratton Report
July 21, 2016
On July 21, Dodge Data & Analytics announced that public works and electric utilities construction starts in June decreased 7% from the previous month to a seasonally adjusted annual rate of $595.1 billion.
The electric utility and gas plant category in June fell 18% following its 57% increase in May. June included the start of three large natural-gas fired power plants located in Tennessee ($975 million), New York ($900 million), and New Jersey ($600 million), as well as a large wind farm in Iowa ($900 million). While substantial, the sum of these four large power-related projects at $3.4 billion was less than the $4.3 billion for seven large power-related projects in May.