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July Construction Declines 10 Percent

By Mark S. Kuhar

New construction starts fell 10 percent in July to a seasonally adjusted annual rate of $401.2 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. After showing improvement during the spring, the pace of construction starts retreated over the past three months, with July coming in at the lower end of the recent range of activity.

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June Construction Retreats One Percent

By Mark S. Kuhar

New construction starts in June slipped 1 percent to a seasonally adjusted annual rate of $446.1 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.

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April Construction Jumps 11 Percent

By Mark S. Kuhar

New construction starts in April advanced 11 percent to a seasonally adjusted annual rate of $531.3 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The increase for April followed a 23 percent gain in March, as contracting soared well above its lackluster pace at the outset of 2012.

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May Construction Slides 16 Percent

By Mark S. Kuhar

At a seasonally adjusted annual rate of $444.9 billion, new construction starts in May retreated 16 percent from the previous month, it was reported by McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline followed substantial gains for total construction in March (up 23 percent) and April (up 11 percent), which reflected the lift coming from two massive nuclear power projects.

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March Construction Climbs 23 Percent

By Mark S. Kuhar

New construction starts in March jumped 23 percent to a seasonally adjusted annual rate of $482.4 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The increase came as the result of a sharp gain for electric utility construction, lifted in particular by work at a nuclear power plant facility in Georgia. Meanwhile, public works construction and housing showed modest improvement in March, but nonresidential building lost further momentum.

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