Nonresidential building in May jumped 11 percent to $164.7 billion, registering its strongest performance so far in 2004, according to a report by McGraw-Hill Construction, New York.
The sizeable increase, which outweighed a modest retreat for housing and a more substantial decline for nonbuilding construction, contributed in part to a surge in construction.
At a seasonally adjusted annual rate of $556.1 billion, new construction starts in May were up 1 percent compared to the
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.