New construction starts in March advanced 7% to a seasonally adjusted annual rate of $521.4 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial.
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Green construction is rapidly gaining traction among both single family and multifamily home builders, according to new research published in the Green Multifamily and Single Family Homes 2017 SmartMarket Brief.
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The Dodge Momentum Index rose 2.4% in May to 119.4 from its revised April reading of 116.6 (2000=100)
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At a seasonally adjusted annual rate of $486.7 billion, new construction starts in February were essentially the same as January’s amount, according to McGraw Hill Construction, a division of McGraw Hill Financial.
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March Construction Climbs 7 Percent
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