Housing Depression Drops Total Construction Starts by 14% - ENR | McGraw-Hill Construction
Keywords: labor, ENR, legislation, engineering news-record, construction methods, equipment & materials, business conditions, management
Full Article Price:
$4.95
Delivery: Immediate Online Access
Publication Date: 09-JUL-08
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Article Description| Through the first five months of this year, the dollar value of total new construction starts dropped 14% below the same period a year ago, according to McGraw-Hill Construction’s latest report. The main culprit is a 40% decline in homebuilding, but nonresidential building and civil works also are starting to show some weakness. Heavy and highway work slipped 2% below last year’s level. While the nonresidential market is up 13%, some key sectors have softened, including new office-building work, which dropped 21% in May. |
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