Construction Activity in May Climbs 4 Percent, According to McGraw-Hill Construction
New construction starts increased 4 percent in May to a seasonally adjusted annual rate of $496.6 billion, according to the Dodge Division of McGraw-Hill Construction, part of The McGraw-Hill Companies.
Greater activity was reported across a wide range of project types, resulting in moderate growth for the industry's three main sectors--nonresidential building, residential building, and non-building construction (public works and electric utilities).