Nonresidential starts drive building gains
Jul 23, 2014 | 01:10 PM
| Frank Haflich
LOS ANGELES The value of U.S. construction starts rose 6.3 percent in June, spurred by an 11.8-percent jump in the nonresidential building sector that was paced by manufacturing projects.
Construction starts totaled a seasonally adjusted $549.7 billion for the month, up from nearly $517.4 billion the previous month, according to McGraw Hill Construction, a division of New York-based McGraw Hill Financial. Construction starts had declined 4.9 percent in May (amm.com, June 23).....
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