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March Construction Climbs 23 Percent

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.

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February Construction Falls 7 Percent

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.

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New Construction Starts in December Decline 3 Percent

By Mark S. Kuhar

New construction starts in December fell 3 percent to a seasonally adjusted annual rate of $410.0 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Nonresidential building in December held steady with the prior month, and residential building was able to show modest improvement. However, the nonbuilding construction sector lost momentum in December, as electric utilities retreated from the record pace witnessed earlier in the year.

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January Construction Recedes 2 Percent

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.

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November Construction Starts Down 11 Percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $417.6 billion, new construction starts in November dropped 11 percent from October’s elevated pace, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.

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