January Construction Falls 6 Percent

New York, N.Y. – February 17, 2011 –The value of new construction starts retreated 6% in January to a seasonally adjusted annual rate of $423.4 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. The decline came as the result of a pullback for nonresidential building after a strong December, combined with a loss of momentum for residential building. At the same time, the nonbuilding construction

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