New Construction Starts in December Jump 23 Percent
- Published: Friday, 01 February 2013 12:18
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.