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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 »

Top 10 Project Starts in the U.S. – April 2017

 
May 22nd, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

The accompanying table records the top 10 project starts in the U.S. for April 2017.

2017-05-12-Top-10-US-Projects-Apr-2017

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when jobsite work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.

Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.

Top 10 project starts in the U.S. – April 2017
LOCATION
(East toWest)
TYPE OF
CONSTRUC-
TION
DESCRIPTION
Sq. Ft.
000s*
Dollars
000,000s
New York
Jamaica Residential The Crossing at Jamaica Station Mixed Use Development               737 $300
(3 structures; 25 stories; 580 units) 147-34 Archer Ave
BRP Development
Queens Commercial Mid-Day Storage Yard for the East Side Access Project            1,522 $291
New York City Transit Bid Reception Desk
New Jersey
Trenton Engineering/Civil Scudder Falls Bridge Replacement  * $396
(2 structures) I-95
Delaware River Joint Toll Bridge Commission
Virginia
Arlington Commercial Reagan Washington National Airport Renovations  * $1,000
1 Aviation Cir.
Metropolitan Washington Airports Authority
Texas
Corpus Christi Engineering/Civil Valley Crossing Pipeline  * $1,500
Spectra Energy Corp. – Corporate Headquarters
Austin Commercial ABIA Parking Garage and Administration Building            2,077 $220
(2 structures; 6 stories; 6000 units) 3600 Presidential Blvd
City of Austin
Sugar Land Residential Imperial Market Mixed-Use Development               850 $200
(5 structures; 185 units) US 90 and Hwy 6
Stallion Capital Management
San Antonio Engineering/Civil US 281 – Gr, Strs, Base, Sign, Delin and Pave Mrkrs  * $192
(2 structures) US 281
Texas Dept. of Transportation / Austin
Oregon
Portland Insititutional Multnomah County Central Courthouse               460 $300
(2 structures; 17 stories) SW 1st Ave and SW Madison St
Multnomah County Facilities & Property Management Division
Washington
Seattle Engineering/Civil Seattle Multimodal Terminal Colman Dock  * $177
(3 structures) 801 Alaskan Way
Washington State Department of Transportation Ferries Division
TOTALS: 5,646 $4,576
*A square footage measure does not apply for alteration and engineering/civil work.
Data source and table: ConstructConnect.

Nonresidential Construction Starts Trend Graphs – April 2017

 
May 18th, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

Clichés are often true and it is the case that a picture can be worth a thousand words.

2017-04-18-US-Nonresidential-Construction-Start-Trends-Mar-2017

Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.

And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.

U.S. Nonresidential Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Non-residential Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Retail & Private Office Building Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Retail & Private Office Building Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Hospital/Clinic & School/College Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Hospital/Clinic & School/College Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Road/Highway & Water/Sewage Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Road/Highway & Water/Sewage Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Bridges & Miscellaneous Civil Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Bridges & Miscellaneous Civil Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

ConstructConnect’s YTD Starts -2% after April Softens -7%

 
May 16th, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

ConstructConnect announced today that its April construction starts, excluding residential activity, were -7% versus March. The usual seasonal pattern is for a 12% increase month to month at this time of year, as blustery winter mellows into gentler spring.

April of this year compared with average April results over the prior five years, 2012-2016, was +17.6%. Year-to-date starts so far in 2017 have been -2% compared with the same first four months of last year.

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.
Read the rest of ConstructConnect’s YTD Starts -2% after April Softens -7%

Bricsys Insights: ACAD to BCAD

 
May 1st, 2017 by Jeff Rowe

I spent this week in the beautiful city of Ghent, Belgium for a series of company and product overviews at Bricsys at an event the company called Bricsys Insights.

For me, this was an introduction to and company and product line I had heard about, but didn’t have much knowledge about. This week that all changed for the better.

As a company, Bricsys has taken on several iterations over the years since it was founded in 2002, and has emerged today as a real player in the CAD markets for both architectural and mechanical design applications. The company currently has 130-140 employees, the majority being developers, so it is efficiently run and product focused.
Read the rest of Bricsys Insights: ACAD to BCAD

Nonresidential Construction Starts Trend Graphs – March 2017

 
April 24th, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

Clichés are often true and it is the case that a picture can be worth a thousand words.

2017-04-18-US-Nonresidential-Construction-Start-Trends-Mar-2017

Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.

And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.

U.S. Nonresidential Construction Starts ‒ ConstructConnect
(12-month moving averages)

U.S. Non-residential Construction Starts ‒ ConstructConnect

Source and Chart: ConstructConnect.

U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect
(12-month moving averages)

Read the rest of Nonresidential Construction Starts Trend Graphs – March 2017

Top 10 Project Starts in the U.S. – March 2017

 
April 21st, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

Springy Bounce in ConstructConnect’s March Starts, +18%

 
April 19th, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

ConstructConnect announced today that March construction starts, excluding residential activity, were +17.8 versus February. The long-term February-to-March advance, due to seasonality, has been only +2.5%. It’s usually not until April that more accommodating weather causes a big lift in volume of about +12.0%. Spring has apparently come early for groundbreakings this year.

2017-04-18-US-Nonresidential-Construction-Starts-Mar-2017
March 2017 versus what was an exceptionally buoyant March 2016 did not fare as well, -5.9%. And year-to-date starts (Q1 2017) have been -5.1% versus January-to-March of last year.


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.

‘Nonresidential 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 February report was 60%; the latter’s was 40%.

ConstructConnect’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., March 2017) is one month ahead of the reporting period for the investment series (i.e., February 2017.)

View this information as an infographic.
Read the rest of Springy Bounce in ConstructConnect’s March Starts, +18%

ConstructConnect’s -2% February Starts Almost Hold Their Ground

 
March 23rd, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

ConstructConnect announced today that February starts, excluding residential activity, nearly held their own versus an upwardly revised January. The latest month’s level of $26.2 billion was only -1.7% compared with the volume in the month before.

2017-03-21-US-Nonresidential-Construction-Starts-Feb-2017

Throughout the long-term history of the starts, there has been a typical drop – due to weather-related factors − of -2.5% between January and February. Harsh conditions in winter can put a halt to field work. February, however, is the last in a string of months during which starts tend to decline period-to-period on account of seasonality. From March through July, the tendency is for starts to pick up from one month to the next.

Starts in February 2017 versus what was an exceptionally strong February 2016 were -9.2%. Year-to-date starts in 2017 compared with January-to-February of last year were -7.5%.

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.

‘Nonresidential 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 January report was 60%; the latter’s was 40%.
Read the rest of ConstructConnect’s -2% February Starts Almost Hold Their Ground

Top 10 Project Starts in the U.S. – February 2017

 
March 21st, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

The accompanying table records the top 10 project starts in the U.S. for February 2017.

2017-03-21-Top-10-US-Projects-Feb-2017

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when jobsite work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.

Read the rest of Top 10 Project Starts in the U.S. – February 2017

Nonresidential Construction Starts Trend Graphs – February 2017

 
March 20th, 2017 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

Clichés are often true and it is the case that a picture can be worth a thousand words.

2017-03-21-US-Nonresidential-Construction-Start-Trends-Feb-2017

Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.
Read the rest of Nonresidential Construction Starts Trend Graphs – February 2017

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