April Construction Starts Rise 11 Percent Nationwide
New construction starts in April advanced 11% to a seasonally adjusted annual rate of $531.3 billion, according to McGraw-Hill Construction, a division of The McGraw-Hill Cos.
The increase for April followed a 23% gain in March, as contracting soared well above its lackluster pace at the outset of 2012. Much of the lift in March came from work at a nuclear power facility in Georgia, and a similar lift was provided in April by work at a nuclear power facility in South Carolina.