By Jim Haughey
Reed Construction Data (RCD) announced today that the value of construction starts in January 2010, excluding residential contracts, totaled $24.1 billion, 20.1% more than in January 2009. January starts were 6.3% higher than December starts. Both months suffered from unseasonably poor construction weather which likely depressed starts as well as causing a large pickup in construction layoffs. The poor construction weather has continued through mid-February. January starts were 30% higher than the monthly average in the first half of 2009.
The value of construction starts each month is summarized from RCD’s database of all active construction projects in the United States, excluding single-family homes. Missing project values are estimated using RSMeans’ building cost models.
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