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Construction Starts Drop 3% in April

Reed Construction Data announced that the year-to-date value of construction starts through April 2009, excluding residential contracts, totaled $75.7 billion, 3.4% less than in the same period in 2008. Starts fell 8% from March and were 38% below last December. The volume decline is greater than 38% because bid prices have inched lower and April is typically a seasonally stronger month than December.

Source: Reed Construction Data

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