Web Exclusive: U.S. Constuction Activity Rose 2 Percent In January
Contracting for new construction in January 2002 increased 2 percent to a seasonally adjusted rate of $491.4 billion, according to F.W. Dodge, a division of The McGraw-Hill Cos.' Construction Information Group.
”The construction industry proved to be one of the healthier sectors of the ecomony in 2001, and the slight gain in January suggests that construction remains resilient,” said Robert A. Murray, vice president for economic affairs for Dodge. “Single family housing and school construction were the industry mainstays during 2001, offsetting weakness for commercial building, and the first month of 2002 shows a continuation of that trend.”