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Private nonresidential construction may pick up this year, as demand grows for new U.S. projects.
The Architecture Billings Index held at 52 last month, a sign of expansion, according to the American Institute of Architects. The commercial and industrial component -- a proxy for private building activity -- climbed to 54.1 in December, the highest in 10 months, the Washington-based association said Jan. 18.
— bloomberg.com
