Cold weather earlier this year didn’t put a brake on new construction for long. Developers are starting more new commercial and multifamily projects than experts anticipated, even before the long, cold winter. Leading indexes of new construction activity are firmly positive. The Dodge Momentum Index from McGraw Hill Construction, based in New York City, grew by 2 percent in May to reach 125.2, continuing a strong rebound in April from a slow beginning to the year. The index is now up ...

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