February Construction Slides 7 Percent
- Published: Monday, 15 April 2013 13:51
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).