21.10.2008 - US: New construction falls 5 pct in September

From Reuters: U.S. construction starts fell 5 percent in September to a seasonally adjusted annual rate of $529.9 billion, McGraw-Hill Construction said in a report. Nonresidential building and nonbuilding construction spending fell, while residential building managed a slight gain from a very low level, the monthly report said. Since the start of the year, total construction on an unadjusted basis fell 14 percent from a year earlier, to $433.8 billion..... Full Article: Source

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