September Construction Starts Decline Seasonally
Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through September 2009, excluding residential contracts, totaled $184.7 billion, 12.8% less than in the same period in 2008. Individual month of September starts were 20.1% lower than in August so the September decline was about 7% after seasonal adjustment. Nonetheless, the starts trend has recently improved after the plunge in June, says Reed Construction Data chief economist Jim Haughey.
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September Construction Starts Decline Seasonally
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