However, that's a 35% decline from January 2001.
Nonresidential property includes commercial and industrial property, as well as hotels, education buildings, churches and government facilities. In contrast, residential construction was boosted to $395.1 million in January 2002, up 24% from January 2001.
Residential construction, as defined by McGraw-Hill, includes single-family homes and multifamily rental housing.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
