Contracting for new construction decreased 5 percent in November 2000.
The F.W. Dodge division of the McGraw-Hill Cos., New York, reported that contracting for new construction decreased 5 percent in November 2000 to a seasonally adjusted rate of $451.0 billion. All three major industry sectors reported declines – nonresidential building and nonbuilding construction retreated from a robust October while continued slippage for single family housing pulled down the residential total.
November Construction Contracts Fall 5 Percent
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