Construction Starts Down 3% in October After Seasonal Adjustment
October construction starts increased 6% from September, but the monthly change was a 3% drop after adjusting for the usual seasonal pickup. This is consistent with the Reed Construction Data forecast that starts will slip very slowly lower into the winter and that construction spending will dip slightly more, says Reed Construction Data chief economist Jim Haughey.
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Construction Starts Down 3% in October After Seasonal Adjustment
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