November Construction Slides 9 Percent - Dealer Data
Construction Equipment Distribution magazine is published by the Associated Equipment Distributors, a nonprofit trade association founded in 1919, whose membership is primarily comprised of the leading equipment dealerships and rental companies in the U.S. and Canada. AED membership also includes equipment manufacturers and industry-service firms. CED magazine has been published continuously since 1920. Associated Equipment Distributors
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November Construction Slides 9 Percent

CED Magazine

Article Date: 02-01-2011
Copyright(C) 2011 Associated Equipment Distributors. All Rights Reserved.

Near-term benefits of tax cuts won't remove 2011's continued challenges, which include the tight lending climate.

New York, N.Y. – December 21, 2010 – At a seasonally adjusted annual rate of $375.9 billion, new construction starts in November fell 9 percent from the previous month, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Nonresidential building weakened for the second month in a row, while nonbuilding construction (public works and electric utilities) retreated after its elevated pace in October. Meanwhile, residential building in November showed modest growth. For the first 11 months of 2010, total construction on an unadjusted basis was reported at $378.7 billion, down 4 percent from the corresponding period of 2009.

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Article Categories:  Economic Outlooks