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Archive for April, 2017

Nonresidential Construction Starts Trend Graphs – March 2017

Monday, April 24th, 2017

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)

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

Friday, April 21st, 2017

Article source: ConstructConnect

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

2017-04-18-Top-10-US-Projects-Mar-2017
(more…)

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

Wednesday, April 19th, 2017

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.
(more…)

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