McGraw-Hill Says New Construction Fell 10 Percent in July, Still Up for the Year

New construction starts fell 10% in July to a seasonally adjusted annual rate of $401.2 billion, according to McGraw-Hill Construction. After showing improvement during the spring, McGraw-Hill Construction said the pace of construction starts retreated over the past three months, with July coming in at the lower end of the recent range of activity. According to its data, nonbuilding construction (comprised of public works and electric utilities), fell sharply in July, while both nonresidentia

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