October Construction Remains Steady

The value of new construction starts in October, at a seasonally adjusted annual rate of $668.5 billion, was essentially unchanged from September’s revised amount.

According to McGraw-Hill Construction, New York, October showed gains for nonresidential building and nonbuilding construction (public works and electric utilities), that offset a moderate decline for the housing sector. Through the first 10 months of 2005, total construction on an unadjusted basis was reported at $550.5 bi

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