Construction Starts Drop in July
August 19, 2008 - Jim Haughey
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Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through July 2008, excluding residential contracts, totaled $163.3 billion, a 6.3% drop versus the same period last year. The individual month of July was 15.0% lower than June, reports Reed Construction Data chief economist Jim Haughey.