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Dodge Report: New construction starts in June drop 7 percent

from Construction Equipment

This month's Dodge Report says new construction starts in June decreased 7 percent from the previous month to a seasonally adjusted annual rate of $595.1 billion. The nonbuilding construction sector (public works and electric utilities) fell sharply after being lifted in May by the start of a $3.8 billion oil pipeline in the Upper Midwest and seven large power plant projects totaling $4.3 billion. more

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