The sharp increase for total construction followed two months of lackluster activity, as several very large projects in December helped to lift the pace of contracting.
At a seasonally adjusted annual rate of $421.3 billion, new construction starts in November fell 5% from the previous month, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies.
Residential lender Pluto Finance has agreed to loan £17.2m to a local developer in Bushey, Hertfordshire to build 53 new homes.
Researchers have demonstrated what is claimed to be the first X-ray detector on a plastic substrate that is capable of medical-grade performance.
Taylor Wimpey has seen a 33 per cent increase in its total order book value to £1.6bn compared to the same period last year.
Skanska has signed a £95m deal with Helical Bar to build One Mitre Square in the City of London.
Exclusive: The Education Funding Agency has shortlisted a total of 37 contractors for its £5bn Regional Framework for school building and refurbishment projects.
Clustering robots that carry out tasks without using any memory or processing power have been developed at Sheffield University.
A suspected world war mortar shell forced the evacuation of a Balfour Beatty construction site in York yesterday evening.
Coupling commercially available spectral X-ray detectors with a specialised algorithm can improve the detection of uranium and plutonium, an advance that could help to impede nuclear trafficking.
Morgan Sindall will be main contractor on Muse Development’s £135m regeneration scheme across three sites in Brixton town centre, for Lambeth Council.
Persimmon has seen a 25 per cent increase in private sales between 1 January 2014 to 16 April 2014 compared to the same period in 2013.
Endurance Land and architect TateHindle’s new office refurb scheme at Chancery Lane has been given the green light.
L&Q has secured a £75m financing deal from HSBC to develop and purchase new properties in London and the South-east.
A British company is set to take a market lead in the production of materials that can improve the efficiency of solar cells and be applied to biomedical imaging.
Morgan Sindall has appointed Balfour Beatty’s major projects construction managing director as its new MD for London and aviation.
Engineers have created new ceramic materials that could be used to store hydrogen safely and efficiently.
Willmott Dixon has confirmed to Construction News it will extend payment terms to 65 days for suppliers that sign up to its new supply chain finance scheme.
WSP has boosted its Scottish team with the addition of two technical directors.
New technology could allow light sensors to detect a greater range of signals, helping to make them cheaper and more effective.