Dive summary:
- After a dull fall, total construction starts in December kicked up, according to data from McGraw Hill Construction, climbing 23% to an adjusted annual rate of $530 billion.
- McGraw Hill's Dodge Index of activity, in which 200 is the base year scored at 100, hit 112 last month, the company said, and that brought the year to a score of 98.
- Nonresidential building went up 33% in December, although even that meteoric climb left 2012 overall down 9%.
From the article:
"The subdued activity witnessed during October and November suggested that the hesitant recovery for construction starts might be losing momentum, but December’s strength alleviates some of that concern." ...
