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MHC starts rose in December; construction jobs shrink in all states; unionization falls

Post Time:Jan 27,2010Classify:Industry NewsView:96

New construction starts rose 5 percentin December, seasonally adjusted, McGraw-Hill Construction reported on Friday [Jan.15], based on data it compiled. But, for all of 2009,“the 26 percent annual decline for construction starts was the steepest in at least the past 40 years,” Robert Murray, vice president of economic affairs for MHC, said. “At the same time, the bottom for construction starts was reached in February, to be followed by an up-and-down pattern during 2009 which suggests that the transition has been made from steady decline to at least low-level stability. Single-family housing, while still remaining at a very low volume, began to show some improvement as 2009 progressed. Funding from the federal stimulus bill helped to produce gains for highways and bridges, as well as a pickup for a few project types such as courthouses. However, commercial building and multifamily housing registered particularly severe declines in 2009, and even the previously resilient institutional building sector lost momentum, according to a Jan. 26 Data DIGest report.

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