Construction starts plunged 13% as megaprojects faded

Construction starts dropped 13% overall in February as large energy projects that had been driving growth disappeared from the pipeline. Nonresidential construction rebounded, but wasn't enough to offset the decline from the absence of those megaprojects.

Nonresidential starts rebounded in February but the absence of massive energy-related projects slowed total groundbreakings, according to Dodge Construction Network.

This story was originally published by Construction Dive.