Russian Residential Construction Advanced 4.7% Last Year

Russia built 65.2 million square meters (702 million square feet) of housing in 2012, a 4.7 percent increase from the previous year’s 62.3 million square meters, the Federal Statistics Service in Moscow said today in an e-mailed report.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net