Modest Gains Reported For Housing And Nonbuilding Construction; New Highway Construction Starts Improve 6 Percent. By Mark S. Kuhar
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May Construction Retreats 5 Percent; Highways Up
At a seasonally adjusted annual rate of $513.4 billion, new construction starts in May dropped 5 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The reduced pace for total construction starts reflected a moderate loss of momentum for nonresidential building and housing, while the nonbuilding construction sector eased back slightly.
Read MoreConstruction Jumps Forward in March
New construction starts in March advanced 7 percent to a seasonally adjusted annual rate of $521.4 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial.
Read MoreNew Construction Starts Improve 5 Percent
Highway Construction Jumps 19 Percent for December; Large Bridge Project Starts. New construction starts in December grew 5 percent to a seasonally adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month of 2013, the nonbuilding construction sector (public works and…
Read MoreWorld Domination
January 3, 2014 – Aggregates is poised to dominate. Through 2017, worldwide sales of construction aggregates are forecast to expand 5.8 percent per year to 53.2 billion metric tons. These and other trends are presented in World Construction Aggregates, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
Read MoreNovember Construction Retreats; Residential Still Up
At a seasonally adjusted annual rate of $524.8 billion, new construction starts in November fell 11 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed heightened activity in October, which showed the strongest pace for construction starts so far during 2013.
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