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Highway Construction Rises

mcgraw_hill_logoJanuary 31, 2011 – There's some good economic news for the month of December, traditionally a slow construction period. New construction starts in December climbed 19 percent to a seasonally adjusted annual rate of $450.2 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The public works categories in December were mixed. Gains were registered by highway construction, up 7 percent; and water supply systems, up 26 percent. Decreased activity was reported for river/harbor development, down 2 percent; bridge construction, down 11 percent; miscellaneous public works (site work, mass transit, pipelines), down 25 percent; and sewer construction, down 34 percent. Despite its December decline, the miscellaneous public works category did include $431 million for subway line-related work in New York. And all that despite unseasonably horrible weather.