At a seasonally adjusted annual rate of $433.9 billion, new construction starts in August climbed 8% relative to July, according to McGraw-Hill Construction. A McGraw-Hill press release offering analysis of the current construction climate said after declines in the previous three months, the August pickup was the result of greater activity for each of construction’s three main groups — nonresidential building, residential building and nonbuilding construction. During the first eight months ...

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