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New Construction Starts Improve 5 Percent

Highway Construction Jumps 19 Percent for December; Large Bridge Project Starts.

New construction starts in December grew 5 percent to a seasonally adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month of 2013, the nonbuilding construction sector (public works and electric utilities) finished the year on a strong note.

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