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May Construction Gains 5 percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $495.7 billion, new construction starts in May advanced 5 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. Much of the upward lift came from nonresidential building, which registered moderate growth for the second month in a row after its sluggish performance at the outset of 2013. Smaller gains in May were reported for housing and nonbuilding construction (public works and electric utilities).

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March Construction Climbs 8 Percent

By Mark S. Kuhar

New construction starts in March climbed 8 percent to a seasonally adjusted annual rate of $475.7 billion, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. The gain for total construction in March followed two months of decline, and was led by a strong increase for the nonbuilding construction sector (public works and electric utilities).

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April Construction Slips One Percent

By Mark S. Kuhar

New construction starts in April settled back 1 percent to a seasonally adjusted annual rate of $473.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial.The public works sector retreated from its elevated pace in March, and housing experienced a slight loss of momentum. Highway and bridge construction in April retreated 25 percent.

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February Construction Slides 7 Percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $435.4 billion, new construction starts in February dropped 7 percent from the previous month, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The loss of momentum was present in two of construction’s three main sectors – nonresidential building and nonbuilding construction (public works and electric utilities).

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