Report: January Construction Dips 2%

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Report January Construction Dips 2%New construction starts dropped 2% to $402.2 billion in January, reports McGraw-Hill Construction.  Both nonresidential building and housing settled back from December, while nonbuilding construction saw a modest gain with the help of new electric utility starts. “For construction starts, 2012 got off slowly, with activity retreating further into the lower half of its recent range,” said McGraw-Hill economist Robert Murray. “This is consistent with the view that construction is still struggling even with the recent improvement shown by the U.S. economy.” For the full report, CLICK HERE.