January Construction Starts Slip 2 Percent
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Published: Wednesday, 28 February 2018 03:13
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Written by Mark Kuhar
The value of new construction starts in January receded 2 percent to a seasonally adjusted annual rate of $725.9 billion, easing slightly after December’s 13 percent hike, according to Dodge Data & Analytics. The nonbuilding construction sector, comprised of public works and electric utilities/gas plants, pulled back 18 percent after surging 45 percent in December, as that month was boosted by the start of the $2.3 billion I-66 Corridor Improvements Project in northern Virginia and a $992 million transmission line project in California.
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New Construction Starts in November Slide 12 Percent
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Published: Wednesday, 03 January 2018 18:08
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Written by Mark Kuhar
At a seasonally adjusted annual rate of $650.5 billion, new construction starts in November dropped 12 percent from October, according to Dodge Data & Analytics. Nonresidential building fell 14 percent in November, retreating for the second month in a row after the sharp improvement reported in late summer. The nonbuilding construction sector, which can be volatile on a month-to-month basis, plunged 32 percent in November after its 28 percent hike in October, which included the start of two large natural gas pipeline projects.
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