03.04.2013 - Residential growth drives US construction
Construction output in the US was up +7.9% in the 12 months to the end of February, according to data from the US Census Bureau. The rise to an annual output of US$ 885 billion was driven by a +19.2% rise in residential building, which stood at US$ 310 billion for the rolling 12 months to February. In contrast to the sharp rise in residential construction, the non-residential sector was up just +2.6% compared to a year ago. There were strong rises in the lodging and office sectors, among others, but significant falls in construction linked to public safety, amusement and recreation and the sewage & waste disposal segments...............................................Full Article: Source
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