CanaData’s Year-to-date Construction Starts Perk Up a Bit in June
Abstract:
CanaData’s construction starts statistics improved slightly (i.e., were less negative) in June 2008 versus May. Grand total starts (i.e., residential, plus ICI, plus engineering) for the country as a whole were -17% in square footage and -27% in dollar volume terms. With respect to dollars, however, it needs to be explained that one large engineering project, that started in June 2007, has biased the numbers down.
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