January 2012 Monthly Industry Briefing: Construction M 26 Jan 2012

Oxford Economics
January 26, 2012
3 Pages - SKU: OFE6784663
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In the US, housing starts fell by 4.1% in December having grown by a cumulative 24% over the previous six months. They remained 25% up on a year earlier but were still running at only around a third of the levels seen during 2003-06. The money value of residential construction put in place had risen by 1.9% in November to stand 2.0% up on a year earlier, while that of non-residential construction had increased by 0.9% to stand down 0.1% in annual terms.