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).
By Mark S. Kuhar
The value of new construction starts dropped 12 percent in January to a seasonally adjusted annual rate of $469.1 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline followed a sharp 23 percent increase for total construction in December, and brought the level of contracting back to the average pace that was reported during 2012.
By Mark S. Kuhar
New construction starts in December climbed 23 percent to a seasonally adjusted annual rate of $530 billion, according to McGraw-Hill Construction, a division of The McGraw- Hill Companies. The sharp increase for total construction followed two months of lackluster activity, as several very large projects in December helped to lift the pace of contracting.
Read more: New Construction Starts in December Jump 23 Percent
By Mark S. Kuhar
At a seasonally adjusted annual rate of $421.3 billion, new construction starts in November fell 5 percent from the previous month, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.
Much of the Decline Was Due To A Sharp Pullback By the Electric Power and Gas Plant Category.
