May construction starts up 5% from April on Public Works, Power and Multifamily Housing (AGC NYS - Associated General Contractors of New York State LLC)

(Source: AGC NYS - Associated General Contractors of New York State LLC) News, Articles & Alerts Posted Tuesday, June 28, 2016 in News, Articles May Construction Starts Up 5% from April on Public Works, Power and Multifamily Housing Jun 24, 2016 Source: Dodge Data & Analytics At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5% from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted by a $3.8 billion oil pipeline in the upper Midwest as well as by seven power plant projects with a combined cost of $4.3 billion. Residential building...