March Construction Climbs 8 Percent
- Published: Friday, 03 May 2013 16:36
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).