New construction starts in September retreated 7% to $399.1 billion (annual rate), slipping back after the improvement shown during the prior two months.Nonresidential building in September fell 7%, given more weakness for the commercial structure types (stores, hotels, offices) as well as a diminished amount of school construction.
Offsetting some of the downward trend was strengthening for healthcare facilities, public buildings, and manufacturing plants.
Transportation construction climbed with help from ARRA funding.
Courtesy of McGraw-Hill Construction Stimulus Special Section
