At a seasonally adjusted annual rate of $486.7 billion, new construction starts in February were essentially the same as January's amount, according to McGraw Hill Construction, a division of McGraw Hill Financial. After the strong finish to last year, the construction start statistics have shown lackluster activity during the first two months of 2014. The flat pace for total construction starts in February was due to a mixed performance by major sector – less nonresidential building, but more housing and public works. For the first two months of 2014, total construction starts on an unadjusted basis were reported at $66.7 billion, down 3% from the same period a year ago.
Read more...February New Construction Starts Remain Unchanged from Prior Month According to McGraw Hill - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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