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.
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