subscribe to ENR magazine subscribe
contact us
advertise
careers industry jobs
events events
FAQ
Mcgraw Hill Construction
ENR Logo
SUBSCRIBE TODAY
& receive immediate web access
comment

A Strong July Chips Away at Large Year-to-Year Declines

Text size: A A

The value of new construction starts climbed 8% in July, helping to counteract sharp year-to-year declines, according to new statistics released by McGraw-Hill Construction. Through the first seven months of this year, the total dollar value of new construction starts was $236 billion, which was down 35% from the same period a year ago. “Since March, there has been an up-and-down pattern for construction starts, supporting the belief that a leveling-off process is now under way,” Robert Murray, MHC’s chief economist, points out. “Single-family housing, while still at extremely low volume, has shown improvement in five out of the past six months.” Public-works construction is beginning to reveal a faster pace for transportation-related projects, which are being helped by federal stimulus spending, Murray adds.

A Strong July Chips Away at Large Year-to-Year Declines
Source: Mcgraw-Hill Construction Analytics. Construction Contract Value Cumulative Year-To-Date through July 2009.
----- Advertising -----
----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at www.dodge.construction.com.

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.