US construction starts slip due to fewer public works

Aug 22, 2013 | 04:47 PM | Frank Haflich

Tags  construction starts, McGraw Hill Construction, Robert A. Murray, American Institute of Architects, architecture billings index, Frank Haflich

LOS ANGELES — A falloff in public works projects helped push U.S. construction starts down 1.6 percent in July vs. the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial Inc., New York.

The value of new starts slipped to a seasonally adjusted annual rate of $479.1 billion compared with $486.8 billion in June. The value of construction starts in the first seven months of this year totaled $281.7 billion, up 1 percent from the same period in 2012.....

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