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
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.
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
Much of the Decline Was Due To A Sharp Pullback By the Electric Power and Gas Plant Category.
