Construction starts decline 11% in November

Jan 02, 2014 | 02:52 PM | Frank Haflich

Tags  construction starts, McGraw Hill Construction, McGraw Hill Financial, Robert Murray, nonresidentiial construction, Frank Haflich

LOS ANGELES — The value of U.S. construction starts declined 11 percent in November from the previous month, led by a drop in nonresidential building.

The value of starts in November declined to a seasonally adjusted annual rate of $524.8 billion from $591.1 billion in October, offset only partially by a 1-percent rise in residential construction to $218.5 billion, according to the McGraw Hill Construction division of McGraw Hill Financial Inc., New York.....

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