US construction starts seen growing 6% on residential

Aug 14, 2013 | 02:05 PM | Frank Haflich

Tags  construction, McGraw Hill Construction, Robert Murray, Frank Haflich

LOS ANGELES — U.S. construction starts, driven primarily by residential activity, are expected to rise 6 percent in value this year following an 8-percent increase in 2012, according to a midyear update by McGraw Hill Construction.

The overall increase to $506 billion this year is "proceeding against the backdrop of a sluggish U.S. economy," Robert A. Murray, vice president of economic affairs, said in a statement.....

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