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February Construction Slides 7 Percent

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).

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January Construction Retreats 12 Percent

By Mark S. Kuhar

The value of new construction starts dropped 12 percent in January to a seasonally adjusted annual rate of $469.1 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline followed a sharp 23 percent increase for total construction in December, and brought the level of contracting back to the average pace that was reported during 2012.

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November Construction Slips 5 Percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $421.3 billion, new construction starts in November fell 5 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 Jump 23 Percent

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.

Read more: New Construction Starts in December Jump 23 Percent