June construction up 9 percent, highway work jumps 35 percent

摘要

New construction starts increased 9 percent in June to a seasonally adjusted annual rate of 529.5 billion dollars, it was reported by McGraw-Hill Construction Dodge, a division of The McGraw-Hill Companies, Nonresidential building posted a healthy gain, while nonbuilding construction (public works and electric utilities) surged upward after a weak May. In the months immediately preceding June, both the nonresidential and nonbuilding sectors and experienced generally subdued contracting, Residential building in June showed more modest improvement, edging up from its elevated May pace, During the first six months of 2003, total construction on an unadjusted basis was reported at 252.8 billion dollars. down 2 percent from the same period a year ago.