Nonresidential drives US construction starts
May 22, 2014 | 10:56 AM
| Frank Haflich
LOS ANGELES The value of U.S. construction starts rose in April, driven by gains in nonresidential building, as construction activity has begun to recover from severe weather earlier this year.
The value of starts in April rose 3 percent vs. March to a seasonally adjusted annual rate of $533.7 billion, while nonresidential starts were up 14 percent to an annual rate of $202.8 billion in April, offsetting weakness in the early months of 2014, according to McGraw Hill Construction, a division of New....
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