Construction Spending Rises in 2013
- Published: Monday, 27 January 2014 12:17
For 2013 as a whole, total construction starts advanced 6 percent to $516.8 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. This follows the 10 percent gain reported for 2012 (which drew support from a record amount of new electric utility starts that year) and modest 2 percent gains in both 2010 and 2011. If the volatile electric utility category is excluded, total construction starts in 2013 would be up 14 percent, following a 9 percent gain in 2012 and essentially flat activity during 2010 and 2011.