US Construction Continues its Upward Trend

US Construction Continues its Upward Trend

Construction in the US continued its strong upward trend in October, according to McGraw Hill Construction, a division of McGraw Hill Financial. New industrial building was strongest, with ground being broken on several major projects across the country, while domestic housebuilding resumed an upward trajectory after pausing in September.

Overall, construction in the first ten months of 2013 was 4% higher than the same period in 2012 but there were some spectacular figures to report. Nonresidential building increased 20% to $216.9 billion, manufacturing plant construction soared 147% and new plant construction in Louisiana has been particularly strong through the first ten months of 2013, up 265% compared to last year.

More details and the full news release on the Wall Street Journal website.

 


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