Construction put in place during June was estimated at $842.1 billion, which is 0.4% above the revised May estimate, reports the U.S. Commerce Dept. The total value of construction for the first six months of this year was $387.1 billion, 9.0% above the same period in 2011. However, most of the gains can be attributed to higher construction costs, reports Rider Levett Bucknall. The national average increase in construction cost between April 1, 2012 and July 1, 2012 was 0.22%. For the fifth consecutive quarter all locations posted positive inflation for the period, with more modest gains in Las Vegas. For the full report, CLICK HERE.
