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New Construction Starts in September Slip 5 Percent

Decreased Activity Was Reported For Both Nonresidential Building And Housing; Highway And Bridge Construction Rose Slightly.

The value of new construction starts in September dropped 5 percent from the previous month to a seasonally adjusted annual rate of $523.7 billion, according to Dodge Data & Analytics. Decreased activity was reported for both nonresidential building and housing, while the nonbuilding construction sector managed a partial rebound after its August decline.

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