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Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick is Chief Economist for ConstructConnect. He is a frequent contributor to the Daily Commercial News and the Journal of Commerce. He has delivered presentations throughout North America on the Canadian, United States and world construction outlooks. A trusted and often-quoted source for … More »

CMD’s December Starts Fell Slightly More than Usual Seasonal Decline

 
January 15th, 2016 by Alex Carrick, Chief Economist at ConstructConnect

Article source: CMDGroup

CMD announced today that December’s level of U.S. construction starts, excluding residential work, was $22.2 billion, a drop of 6.9% versus November.

CMD announced today that December’s level of U.S. construction starts, excluding residential work, was $22.2 billion, a drop of 6.9% versus November. The pull-back was only slightly more than the usual or long-term December-versus-November percentage change, due to seasonality, of -5.0%. (To note for January, weather usually has an even greater effect in that month, -8.5%.)

Compared with December of 2014, the latest month’s starts level was -7.0%; but versus the five-year average for December over the past five years (i.e., 2010 to 2014 inclusive), it was +9.2%.

Full year 2015 starts were +1.9% relative to the same January-to-December period of 2014.

The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.

industry-snapshot-jan_2016 30percent

‘Non-residential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s November report was 62%; the latter’s was 38%.

CMD’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series. Also, the reporting period for starts (i.e., December 2015) is one month ahead of the reporting period for the investment series (i.e., November 2015.)

The latest Employment Situation Report from the Bureau of Labor Statistics (BLS) records a 45,000 increase in the total number of construction jobs in December. That was 2015’s second-strongest period for job creation in the sector. Only the prior month, November, was better, at +48,000. Year-over-year employment in construction ended 2015 up 4.2%, leading all major employment sub-categories. The total employment increase in America was less than half as fast, +1.9%. Construction’s not-seasonally-adjusted unemployment rate in December was 7.5%. In December 2014, it had been 8.3%; in December 2013, 11.4%; and in December 2012, 13.5%.

Before there can be on-site construction activity, projects must be contemplated and planned by owners and rendered into working drawings by design professionals. On a month-to-month basis, total jobs in architectural and engineering services in December were +0.3%. Their year-over-year change was +2.5%. Earlier in 2015 (i.e., in March), they were a more impressive +3.9%.

All three major type-of-structure categories saw month-to-month starts declines in December. The retreats for commercial (-4.0%) and heavy engineering/civil (-6.2%) were less severe than for institutional (-22.5%). The normally smaller-dollar-volume category of industrial, however, took a big leap forward (+512.9%). Industrial starts can swing wildly from one month to the next, based on whether or not there is a go-ahead for a mega project or two. In December, site work began for Volkswagen’s sport utility manufacturing plant in Chattanooga, Tennessee.

Comparing standalone December 2015 with its counterpart in 2014, the declines for commercial (-8.9%) and engineering (-3.3%) were again smaller than for institutional (-21.6%). Industrial starts (+238.3%) in the most recent December were better than in the prior year’s same month.

Full-year 2015 starts, though, were led by the engineering category, +10.9% compared with full-year 2014. The annual industrial starts figure was also positive, +32.8%, while there was a mild decline in commercial, -4.2%, and a more substantial setback for institutional initiations, -7.0%.

‘Road/highway’ work is by far most important in the engineering category. In December, ‘street starts’ were: -13.8% month-over-month (m/m); -5.8% year over year (y/y); but +9.2% year to date (ytd or full-year 2015 vs. full-year 2014). For all 2015, their slice of engineering was 42%.

Claiming second place among engineering starts, with a 23% or nearly one-quarter share, the ‘water/sewage’ sub-category in December was: -11.6% y/y; but +2.1% m/m; and +10.6% ytd.

The ‘miscellaneous civil’ sub-category, which includes railroads, power plants, pipelines and other energy projects was: +12.7% m/m; +7.7% y/y; and +16.5% ytd.

Within institutional work in full-year 2015, the ‘school/college’ sub-category was dominant with a 60% grasp of the total. Nevertheless, education facility starts in December were negative across the board: -18.7% m/m; -34.0% y/y; and -4.5% ytd.

Next most significant under the institutional umbrella are ‘hospital/clinic’ starts. They also disappointed in December: -40.3% m/m; -25.9% y/y; and -13.7% ytd.

Sources of strength in the institutional category in 2015 were the ‘police/courthouse/prison’ (-25.9% m/m; -23.2% y/y; but +46.3% ytd) and ‘nursing/assisted living’ (-15.9% m/m; but +1.3% y/y; and +20.7% ytd) sub-categories.

Commercial starts in 2015 were buoyed by the ‘retail’ (-30.6% m/m; -5.0% y/y; but +7.3% ytd), ‘hotel/motel’ (-38.8% m/m; but +6.9% y/y; and +3.7% ytd) and ‘warehouse’ (-55.2% m/m; but +67.7% y/y; and +42.7% ytd) sub-categories. The latter was especially bolstered by several outsized data and call center projects that border on being categorized to the ‘private office building’ category – which otherwise was +89.6% m/m; but -7.8% y/y; and -32.6% ytd.

The ‘Top 10’ projects list on page three holds two contributions from both New York and California. All other states account for a single groundbreaking each. The number one project, by dollar value, is the Garvies Point residential complex ($1.0 billion) in N.Y. Second in line is the Gaylord Rocky Mountain Hotel and Convention Center ($800 million) in Aurora, Colorado.

The 12-month moving average trend-line graphs on page four of this report show the curves for nearly all the non-residential building categories – with retail (i.e., flat) as the only exception –shifting downwards over the last six months to a year. For heavy engineering, the slopes for ‘roads/highways’, ‘water/sewage’ and ‘bridges’ have been most noticeably on an upward incline.

Despite the low economy-wide jobless rate of 5.0%, compensation levels for all workers, including supervisory personnel, remained restrained in December: +2.5% year over year for average hourly earnings and +2.2% for average weekly earnings. The construction sector turned in a livelier performance: +2.9% for average hourly earnings and +4.2% for average weekly earnings. A few more data points will be needed, however, to establish if that is a definite trend.

The value of construction starts each month is summarized from CMD’s database of all active construction projects in the U.S. Missing project values are estimated with the help of RSMeans’ building cost models.

CMD’s non-residential construction starts series, because it is comprised of total-value estimates for individual projects, some of which are ultra-large, has a history of being more volatile than many other leading indicators for the economy.

A “start” is determined by taking the announced bid date and adding a short time lag (30 to 60 days). CMD continues to follow the project via its network of researchers. If it is abandoned or re-bid, the start date is updated to reflect the new information.

VALUE OF UNITED STATES CONSTRUCTION STARTS –
DECEMBER 2015 YEAR TO DATE  (CMD)

% Change % Change % Change
Jan-dec 15 Jan-dec 15 vs dec 15 vs dec 15 vs
($ billions) Jan-dec 14 dec 14 nov 15
Hotel/Motel 8.919 3.7% 6.9% -38.8%
Retail 18.952 7.3% -5.0% -30.6%
Parking Garage 2.269 23.9% -61.3% -50.3%
Amusement 5.413 -20.4% 11.2% 3.7%
Private Office 11.828 -32.6% -7.8% 89.6%
Government Office 9.082 -18.6% -29.1% 0.1%
Laboratory 2.230 -6.1% 4.1% 8.3%
Warehouse 10.524 42.7% 67.7% -55.2%
Miscellaneous Commercial 12.403 4.5% -23.6% 174.6%
COMMERCIAL 81.621 -4.2% -8.9% -4.0%
 
INDUSTRIAL (Manufacturing) 12.769 32.8% 238.3% 512.9%
Religious 1.579 9.4% 10.9% 24.3%
Hospital/Clinic 12.152 -13.7% -25.9% -40.3%
Nursing/Assisted Living 5.000 20.7% 1.3% -15.9%
Library/Museum 1.759 -21.4% -46.5% 31.3%
Police/Courthouse/Prison 5.664 46.3% -23.2% -25.9%
Military 5.941 -44.7% 154.0% -48.9%
School/College 52.382 -4.5% -34.0% -18.7%
Miscellaneous Government 2.881 13.9% 137.7% 185.2%
INSTITUTIONAL 87.358 -7.0% -21.6% -22.5%
Miscellaneous Non-residential 4.559 15.5% 34.6% 6.2%
NON-RESIDENTIAL BUILDING 186.307 -3.3% -9.4% -7.3%
Airport 3.196 -2.0% 35.7% -77.0%
Road/Highway 51.578 9.2% -5.8% -13.8%
Bridge 12.742 11.7% 18.5% 3.3%
Dam/Marine 5.788 14.1% -31.8% -29.6%
Water/Sewage 28.504 10.6% -11.6% 2.1%
Miscellaneous Civil 21.106 16.5% 7.7% 12.7%
HEAVY ENGINEERING 122.914 10.9% -3.3% -6.2%
TOTAL NON-RESIDENTIAL 309.221 1.9% -7.0% -6.9%

Source: CMD Research Group and CMD.
Table: CMD.

VALUE OF UNITED STATES NATIONAL
CONSTRUCTION STARTS – DECEMBER 2015 – CMD
Billions of current $s, not seasonally adjusted (NSA)

Latest month actuals Moving averages (placed in end month) Year to Date.
3-months 12-months dec dec
oct 15 nov 15 dec 15 oct 15 nov 15 dec 15 oct 15 nov 15 dec 15 2014 2015
Single
Family
16.457 15.406 14.519 16.665 16.222 15.461 14.514 14.769 14.934 155.483 179.209
mon-
over-
mon % change
-2.1% -6.4% -5.8% 0.0% -2.7% -4.7% 2.6% 1.8% 1.1%
yr-over-
yr % change
36.9% 24.7% 15.8% 23.6% 26.1% 25.7% 13.7% 14.7% 15.3% 6.4% 15.3%
Apart-
ment
3.354 3.943 4.895 3.241 3.478 4.064 3.727 3.698 3.812 50.143 45.742
mon-
over-
mon % change
7.0% 17.6% 24.1% -8.6% 7.3% 16.9% 1.1% -0.8% 3.1%
yr-over-
yr % change
16.5% -8.3% 38.9% -15.1% -6.8% 13.9% -11.3% -11.3% -8.8% 5.5% -8.8%
TOTAL
Resi-
den-
tial
19.812 19.349 19.414 19.905 19.700 19.525 18.242 18.467 18.746 205.626 224.950
mon-
over-
mon % change
-0.6% -2.3% 0.3% -1.5% -1.0% -0.9% 2.3% 1.2% 1.5%
yr-over-
yr % change
33.0% 16.2% 20.9% 15.1% 18.7% 23.0% 7.5% 8.3% 9.4% 6.2% 9.4%
Hotel/
Motel
0.353 1.052 0.644 0.652 0.643 0.683 0.716 0.740 0.743 8.598 8.919
mon-
over-
mon % change
-32.4% 198.2% -38.8% -16.8% -1.4% 6.3% -5.4% 3.3% 0.5%
yr-over-
yr % change
-58.3% 37.6% 6.9% -29.6% -19.9% -7.4% 1.7% 2.6% 3.7% 24.5% 3.7%
Retail 1.233 1.539 1.068 1.807 1.807 1.280 1.558 1.584 1.579 17.667 18.952
mon-
over-
mon % change
-53.5% 24.9% -30.6% -3.8% 0.0% -29.2% 0.2% 1.6% -0.3%
yr-over-
yr % change
3.5% 24.9% -5.0% 22.1% 26.4% 8.2% 4.5% 7.5% 7.3% -7.9% 7.3%
Parking Garages 0.160 0.185 0.092 0.118 0.157 0.146 0.204 0.201 0.189 1.831 2.269
mon-
over-
mon % change
28.4% 15.9% -50.3% -51.6% 33.2% -6.9% 1.6% -1.5% -6.0%
yr-over-
yr % change
33.0% -16.3% -61.3% -27.7% 0.5% -24.5% 49.8% 40.0% 23.9% -7.5% 23.9%
Amuse-
ment
0.473 0.421 0.436 0.404 0.384 0.443 0.451 0.447 0.451 6.803 5.413
mon-
over-
mon % change
84.2% -11.1% 3.7% -0.2% -5.1% 15.6% -3.6% -0.7% 0.8%
yr-over-
yr % change
-29.8% -8.5% 11.2% -49.3% -48.5% -12.9% -24.2% -22.2% -20.4% 19.5% -20.4%
Office 1.396 0.680 1.289 0.940 0.843 1.121 1.025 0.995 0.986 17.556 11.828
mon-
over-
mon % change
206.6% -51.3% 89.6% 37.6% -10.3% 33.0% -2.8% -3.0% -0.9%
yr-over-
yr % change
-20.1% -34.8% -7.8% -32.0% -36.9% -19.6% -38.6% -35.0% -32.6% -7.2% -32.6%
Govern-
mental
Offices
0.693 0.579 0.580 0.830 0.678 0.617 0.805 0.777 0.757 11.154 9.082
mon-
over-
mon % change
-9.0% -16.4% 0.1% -18.8% -18.4% -8.9% -4.2% -3.5% -2.6%
yr-over-
yr % change
-37.7% -36.8% -29.1% -21.3% -35.5% -34.9% -10.8% -15.6% -18.6% 16.4% -18.6%
Labora-
tories
0.049 0.119 0.129 0.221 0.234 0.099 0.191 0.185 0.186 2.374 2.230
mon-
over-
mon % change
-90.7% 140.5% 8.3% -6.8% 5.7% -57.6% -0.6% -2.9% 0.2%
yr-over-
yr % change
-20.8% -35.7% 4.1% 96.1% 98.9% -19.9% -20.4% -5.8% -6.1% 30.2% -6.1%
Ware-
house
0.742 1.692 0.757 0.758 1.107 1.064 0.750 0.852 0.877 7.373 10.524
mon-
over-
mon % change
-16.4% 127.9% -55.2% -41.8% 46.0% -4.0% 0.9% 13.5% 3.0%
yr-over-
yr % change
12.8% 257.1% 67.7% -14.8% 54.4% 101.6% 21.5% 38.4% 42.7% 75.0% 42.7%
Misc Com-
mer-
cial
1.365 0.574 1.576 0.812 0.722 1.172 1.079 1.074 1.034 11.868 12.403
mon-
over-
mon % change
501.8% -58.0% 174.6% 14.6% -11.1% 62.3% 0.8% -0.5% -3.8%
yr-over-
yr % change
8.1% -9.7% -23.6% -32.0% -13.8% -11.2% 5.0% 13.3% 4.5% -19.7% 4.5%
TOTAL
Com-
mer-
cial
6.464 6.841 6.571 6.542 6.574 6.625 6.779 6.855 6.802 85.224 81.621
mon-
over-
mon % change
0.7% 5.8% -4.0% -10.0% 0.5% 0.8% -1.5% 1.1% -0.8%
yr-over-
yr % change
-15.8% 15.3% -8.9% -18.2% -8.6% -4.5% -8.2% -3.8% -4.2% 2.6% -4.2%
TOTAL
Indus-
trial
(Man-
ufac- ture)
0.112 0.148 0.906 0.269 0.209 0.389 1.118 1.011 1.064 9.615 12.769
mon-
over-
mon % change
-69.4% 31.8% 512.9% -54.3% -22.4% 86.2% -5.2% -9.5% 5.3%
yr-over-
yr % change
-86.9% -89.6% 238.3% -63.2% -73.5% -54.3% 52.3% 22.5% 32.8% 19.3% 32.8%
Reli-
gious
0.143 0.101 0.126 0.108 0.111 0.123 0.130 0.131 0.132 1.444 1.579
mon-
over-
mon % change
62.4% -29.0% 24.3% 2.6% 2.7% 11.4% 2.0% 0.7% 0.8%
yr-over-
yr % change
26.5% 11.1% 10.9% -10.5% -2.1% 16.5% -2.0% 6.5% 9.4% -22.5% 9.4%
Hosp-
tials/
Clinics
1.076 1.754 1.046 0.944 1.129 1.292 1.018 1.043 1.013 14.081 12.152
mon-
over-
mon % change
93.7% 63.0% -40.3% -4.5% 19.5% 14.5% 0.3% 2.5% -2.9%
yr-over-
yr % change
3.0% 20.6% -25.9% -22.4% -14.3% -0.9% -15.3% -10.2% -13.7% -12.7% -13.7%
Nurs-ing/
As-sisted Living
0.452 0.456 0.384 0.484 0.493 0.431 0.404 0.416 0.417 4.143 5.000
mon-
over-
mon % change
-20.9% 0.9% -15.9% 8.5% 1.9% -12.7% 0.5% 3.1% 0.1%
yr-over-
yr % change
5.8% 49.5% 1.3% 8.3% 22.1% 16.3% 12.7% 20.2% 20.7% -0.7% 20.7%
Librar-
ies/
Mus-
eums
0.135 0.088 0.115 0.186 0.131 0.113 0.156 0.155 0.147 2.239 1.759
mon-
over-
mon % change
-20.2% -35.1% 31.3% 5.0% -29.6% -13.8% 0.8% -0.4% -5.4%
yr-over-
yr % change
11.9% -7.8% -46.5% -16.4% -8.3% -21.6% -22.4% -18.8% -21.4% -4.5% -21.4%
Police/
Courth-
ouse/
Prison
0.369 0.458 0.339 0.401 0.429 0.389 0.464 0.481 0.472 3.872 5.664
mon-
over-
mon % change
-19.9% 24.0% -25.9% -36.2% 7.0% -9.4% 1.5% 3.5% -1.8%
yr-over-
yr % change
29.7% 72.5% -23.2% 25.2% 49.5% 17.6% 46.9% 56.3% 46.3% -5.0% 46.3%
Military 1.148 0.705 0.360 0.829 0.847 0.738 0.519 0.477 0.495 10.740 5.941
mon-
over-
mon % change
66.8% -38.6% -48.9% 43.8% 2.2% -12.9% 5.6% -8.1% 3.8%
yr-over-
yr % change
40.8% -41.7% 154.0% -8.1% -5.6% 2.2% -39.2% -47.4% -44.7% 112.7% -44.7%
Schools
Colleges
3.291 3.258 2.649 4.013 3.429 3.066 4.466 4.479 4.365 54.852 52.382
mon-
over-
mon % change
-12.0% -1.0% -18.7% -15.0% -14.5% -10.6% -3.8% 0.3% -2.5%
yr-over-
yr % change
-38.9% 5.0% -34.0% -18.8% -17.5% -26.4% -1.6% -1.4% -4.5% 14.4% -4.5%
Misc Govern-
ment
0.151 0.128 0.364 0.184 0.134 0.214 0.234 0.223 0.240 2.529 2.881
mon-
over-
mon % change
20.8% -15.3% 185.2% -18.0% -26.8% 59.3% -1.8% -5.0% 7.9%
yr-over-
yr % change
-25.2% -52.4% 137.7% -8.5% -42.8% 3.2% 1.1% -2.2% 13.9% -4.7% 13.9%
TOTAL
Insti-tu-
tional
6.765 6.947 5.384 7.149 6.703 6.366 7.391 7.404 7.280 93.899 87.358
mon-
over-
mon % change
5.8% 2.7% -22.5% -9.1% -6.2% -5.0% -1.8% 0.2% -1.7%
yr-over-
yr % change
-19.4% 2.3% -21.6% -14.6% -11.3% -13.4% -5.7% -5.1% -7.0% 11.5% -7.0%
Misc
Non Resi-den-
tial
0.474 0.394 0.419 0.425 0.392 0.429 0.374 0.371 0.380 3.947 4.559
mon-
over-
mon % change
53.3% -16.7% 6.2% 5.7% -7.8% 9.3% 4.4% -0.9% 2.4%
yr-over-
yr % change
65.9% -8.9% 34.6% 27.2% 12.9% 25.0% 20.3% 13.7% 15.5% 20.7% 15.5%
TOTAL Non-
Res Build-
ing
13.815 14.331 13.280 14.385 13.878 13.809 15.661 15.640 15.526 192.685 186.307
mon-
over-
mon % change
2.4% 3.7% -7.3% -10.8% -3.5% -0.5% -1.8% -0.1% -0.7%
yr-over-
yr % change
-19.7% -1.7% -9.4% -17.5% -12.6% -10.8% -3.7% -2.7% -3.3% 7.9% -3.3%
Airports 0.403 0.236 0.054 0.516 0.381 0.231 0.272 0.265 0.266 3.261 3.196
mon-
over-
mon % change
-20.3% -41.4% -77.0% 7.4% -26.1% -39.4% 2.3% -2.5% 0.4%
yr-over-
yr % change
22.6% -26.1% 35.7% 22.5% 9.5% 0.8% -0.1% -3.4% -2.0% 14.4% -2.0%
Roads/
High-
ways
3.618 3.827 3.299 4.645 3.854 3.581 4.278 4.315 4.298 47.252 51.578
mon-
over-
mon % change
-12.1% 5.8% -13.8% -12.5% -17.0% -7.1% -0.5% 0.9% -0.4%
yr-over-
yr % change
-6.7% 13.3% -5.8% 3.6% -0.6% -0.1% 9.7% 10.1% 9.2% 14.9% 9.2%
Bridges 0.850 1.325 1.369 0.919 1.016 1.182 1.016 1.044 1.062 11.404 12.742
mon-
over-
mon % change
-2.5% 56.0% 3.3% -2.6% 10.6% 16.3% 3.1% 2.8% 1.7%
yr-over-
yr % change
74.9% 34.4% 18.5% 31.0% 27.8% 34.9% 10.0% 11.6% 11.7% 6.9% 11.7%
Dams/
Marine
0.863 0.516 0.363 0.604 0.623 0.581 0.506 0.496 0.482 5.074 5.788
mon-
over-
mon % change
75.9% -40.3% -29.6% 35.6% 3.2% -6.8% 2.9% -1.9% -2.8%
yr-over-
yr % change
24.6% -18.1% -31.8% 2.3% 1.1% -6.1% 21.7% 17.8% 14.1% -4.9% 14.1%
Water/
Sewage
2.667 2.092 2.135 2.808 2.325 2.298 2.398 2.399 2.375 25.763 28.504
mon-
over-
mon % change
20.5% -21.6% 2.1% -3.8% -17.2% -1.1% 1.4% 0.0% -1.0%
yr-over-
yr % change
17.7% 0.6% -11.6% 23.4% 7.0% 2.0% 14.0% 14.2% 10.6% 9.3% 10.6%
Misc
Civil
1.736 1.483 1.671 2.372 2.138 1.630 1.772 1.749 1.759 18.123 21.106
mon-
over-
mon % change
-45.7% -14.6% 12.7% 1.2% -9.9% -23.8% 3.1% -1.3% 0.6%
yr-over-
yr % change
58.4% -15.8% 7.7% 64.2% 47.2% 11.0% 13.7% 16.3% 16.5% 3.4% 16.5%
TOTAL
Engi-
neer-ing
10.137 9.479 8.892 11.863 10.337 9.502 10.241 10.268 10.243 110.878 122.914
mon-
over-
mon % change
-11.0% -6.5% -6.2% -4.6% -12.9% -8.1% 1.1% 0.3% -0.2%
yr-over-
yr % change
15.9% 3.6% -3.3% 19.7% 11.6% 5.2% 11.7% 12.2% 10.9% 9.7% 10.9%
Grand
Total
43.764 43.159 41.585 46.154 43.915 42.836 44.144 44.375 44.514 509.190 534.172
mon-
over-
mon % change
-2.4% -1.4% -3.6% -5.4% -4.8% -2.5% 0.6% 0.5% 0.3%
yr-over-
yr % change
7.1% 6.9% 4.2% 3.4% 5.2% 6.1% 4.1% 5.0% 4.9% 7.6% 4.9%
NON-
Res
Bldg +
Engi-
neer-ing
23.952 23.810 22.171 26.248 24.215 23.311 25.902 25.909 25.768 303.563 309.221
mon-
over-
mon % change
-3.7% -0.6% -6.9% -8.1% -7.7% -3.7% -0.6% 0.0% -0.5%
yr-over-
yr % change
-7.7% 0.3% -7.0% -4.0% -3.7% -4.9% 1.8% 2.7% 1.9% 8.5% 1.9%

Data Source and Table: CMD.

U.S. YEAR-TO-DATE REGIONAL STARTS
NON-RESIDENTIAL CONSTRUCTION * — CMD

Jan-dec 2014 Jan-dec 2015 % Change
Connecticut $4,186,537,592 $3,087,607,692 -26.2%
Maine $1,288,731,296 $926,945,701 -28.1%
Massachusetts $7,916,936,438 $7,349,472,910 -7.2%
New Hampshire $1,006,801,309 $962,053,429 -4.4%
Rhode Island $894,077,389 $806,391,583 -9.8%
Vermont $717,169,387 $696,785,731 -2.8%
Total New England $16,010,253,411 $13,829,257,046 -13.6%
New Jersey $7,368,775,459 $6,198,482,472 -15.9%
New York $22,711,443,121 $19,274,771,342 -15.1%
Pennsylvania $11,029,819,217 $10,592,367,008 -4.0%
Total Middle Atlantic $41,110,037,797 $36,065,620,822 -12.3%
TOTAL NORTHEAST $57,120,291,208 $49,894,877,868 -12.6%
Illinois $12,055,541,443 $12,578,900,467 4.3%
Indiana $5,021,294,166 $4,226,143,753 -15.8%
Michigan $5,654,453,708 $7,704,729,604 36.3%
Ohio $8,985,430,669 $10,112,749,673 12.5%
Wisconsin $4,182,926,628 $5,617,594,446 34.3%
Total East North Central $35,899,646,614 $40,240,117,943 12.1%
Iowa $4,827,851,155 $4,611,221,497 -4.5%
Kansas $3,057,335,327 $3,996,855,897 30.7%
Minnesota $4,869,082,851 $5,621,979,358 15.5%
Missouri $5,140,254,356 $5,189,588,083 1.0%
Nebraska $2,815,508,623 $2,416,383,752 -14.2%
North Dakota $3,051,914,798 $3,645,882,662 19.5%
South Dakota $1,300,003,005 $1,871,608,954 44.0%
Total West North Central $25,061,950,116 $27,353,520,203 9.1%
TOTAL MIDWEST $60,961,596,730 $67,593,638,146 10.9%
Delaware $602,503,569 $692,643,452 15.0%
District of Columbia $2,886,688,557 $1,112,518,300 -61.5%
Florida $12,551,705,541 $15,878,187,386 26.5%
Georgia $9,086,968,169 $6,900,186,668 -24.1%
Maryland $8,497,927,211 $5,280,387,395 -37.9%
North Carolina $8,903,813,393 $9,337,982,177 4.9%
South Carolina $4,446,509,800 $5,524,651,402 24.2%
Virginia $8,369,519,935 $8,046,803,978 -3.9%
West Virginia $1,361,757,036 $1,974,458,503 45.0%
Total South Atlantic $56,707,393,211 $54,747,819,261 -3.5%
Alabama $6,678,410,121 $3,493,775,964 -47.7%
Kentucky $4,747,613,425 $4,073,256,015 -14.2%
Mississippi $2,690,299,216 $2,850,693,240 6.0%
Tennessee $4,172,184,973 $6,240,438,234 49.6%
Total East South Central $18,288,507,735 $16,658,163,453 -8.9%
Arkansas $3,907,546,583 $2,820,032,867 -27.8%
Louisiana $6,238,838,113 $9,591,635,741 53.7%
Oklahoma $3,902,974,444 $4,510,761,473 15.6%
Texas $27,592,464,791 $37,189,945,509 34.8%
Total West South Central $41,641,823,931 $54,112,375,590 29.9%
TOTAL SOUTH $116,637,724,877 $125,518,358,304 7.6%
Arizona $3,432,724,887 $3,060,325,636 -10.8%
Colorado $4,799,470,239 $5,293,658,695 10.3%
Idaho $1,325,046,121 $1,351,276,292 2.0%
Montana $968,282,393 $1,173,444,260 21.2%
Nevada $3,062,847,128 $4,667,407,915 52.4%
New Mexico $1,939,737,886 $1,650,403,511 -14.9%
Utah $3,419,587,634 $3,706,729,645 8.4%
Wyoming $1,695,911,194 $1,859,348,249 9.6%
Total Mountain $20,643,607,482 $22,762,594,203 10.3%
Alaska $1,953,401,492 $1,792,243,392 -8.3%
California $32,418,792,327 $28,977,292,376 -10.6%
Hawaii $2,294,136,389 $2,065,694,818 -10.0%
Oregon $3,193,567,885 $3,205,386,521 0.4%
Washington $8,339,455,453 $7,411,238,267 -11.1%
Total Pacific $48,199,353,546 $43,451,855,374 -9.8%
TOTAL WEST $68,842,961,028 $66,214,449,577 -3.8%
TOTAL U.S. $303,562,573,843 $309,221,323,895 1.9%

*Figures above are comprised of non-res building and engineering (i.e., residential is omitted)

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