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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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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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October Construction Jumps 12 Percent

By Mark S. Kuhar

The value of new construction starts advanced 12 percent in October to a seasonally adjusted annual rate of $469.8 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.

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September Construction Slips; Highways up 50 Percent

New construction starts in September receded 1 percent to a seasonally adjusted annual rate of $419.5 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Both nonresidential building and housing fell back after an improved pace in August. Meanwhile, the nonbuilding construction sector, comprised of public works and electric utilities, strengthened for the second month in a row after weakening in early summer. For the January-September period of 2011, total construction starts on an unadjusted basis were reported at $314.1 billion, down 5 percent from the same period a year ago.

Read more: September Construction Slips; Highways up 50 Percent

August Construction Climbs 8 percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $424.7 billion, new construction starts in August advanced 8 percent, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.

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