Construction Starts Drop 6% in February
March 11, 2009 - Jim Haughey
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Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through February 2009, excluding residential contracts, totaled $41.7 billion, 12.6% more than in the first two months of 2008. Starts in the individual month of February fell 6% from January following a 23% drop in January versus December.