Economics

May Construction Slides 16 Percent

Details: Published: Wednesday, 18 July 2012 12:30

By Mark S. Kuhar

At a seasonally adjusted annual rate of $444.9 billion, new construction starts in May retreated 16 percent from the previous month, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline followed substantial gains for total construction in March (up 23 percent) and April (up 11 percent), which reflected the lift coming from two massive nuclear power projects.

April Construction Jumps 11 Percent

Details: Published: Friday, 15 June 2012 11:37

By Mark S. Kuhar

New construction starts in April advanced 11 percent to a seasonally adjusted annual rate of $531.3 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The increase for April followed a 23 percent gain in March, as contracting soared well above its lackluster pace at the outset of 2012.

March Construction Climbs 23 Percent

Details: Published: Wednesday, 09 May 2012 13:12

By Mark S. Kuhar

New construction starts in March jumped 23 percent to a seasonally adjusted annual rate of $482.4 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The increase came as the result of a sharp gain for electric utility construction, lifted in particular by work at a nuclear power plant facility in Georgia. Meanwhile, public works construction and housing showed modest improvement in March, but nonresidential building lost further momentum.

February Construction Falls 7 Percent

Details: Published: Monday, 23 April 2012 14:25

By Mark S. Kuhar

At a seasonally adjusted annual rate of $376.0 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.

January Construction Recedes 2 Percent

Details: Published: Tuesday, 20 March 2012 15:10

By Mark S. Kuhar

The value of new construction starts dropped 2 percent in January to a seasonally adjusted annual rate of $402.2 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.