Construction Starts in First-Quarter 2008 are Not Encouraging

Abstract:
CanaData’s construction starts statistics in first-quarter 2008 versus first-quarter 2007 were decidedly weak. Grand total starts (i.e., residential, plus ICI, plus engineering) for the country as a whole were -25% in square footage and -18% in dollar volume. Furthermore, every construction category showed a downturn, some considerably steeper than others.
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