ConstructConnect announced today that February’s volume of construction starts, excluding residential activity, was $23.6 billion. The latest month-to-month change in the volume of starts, at -24.3%, was more than the usual mild drop from January to February due to seasonality.
February of this year relative to February of last year was -35.5%. The level of starts in February 2017, however, was unusually high, $36.6 billion. Comparing February of this year with the average for February in the preceding five years (2013 to 2017), the change was -8.4%. February of this year versus the average for the four years 2013 to 2016 (i.e., omitting 2017) was +2.4%.
Year-to-date nonresidential starts in 2018 have been -26.4% versus January-February of 2017. The first-two-months of this year versus the comparable period in 2016 was a less severe slide of -3.2%.
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.
View this information as an infographic.
‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a 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 share 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., February 2018) is one month ahead of the reporting period for the investment series (i.e., January 2018.)
Over the past four months, jobs growth in construction has been surging. From November 2017 through January 2018, the month-to-month employment pickups were +42,000, +42,000 and +40,000 respectively. February’s result was a further quickening of the pace, +61,000. The combined four-month gain in construction hiring has been +185,000 jobs. The last time there was such a substantial four-month increase was from January to April 2006, +193,000. In 2006, though, there was a homebuilding boom, fueled by subprime mortgages, that turned into a bust.
Total construction employment is still half a million jobs below its prior peak in 2007, before the onset of the Great Recession. That gap will likely be eliminated quickly. According to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), the U.S. construction sector is generating jobs at a year-over-year rate (+3.7%) that is more than twice as fast as for all workers in the economy (+1.6%). The unemployment rate in the sector in the latest February was 7.8%. Twelve months ago, it had been 8.8%. The jobless figure is traditionally worse in winter.
The Employment Situation report also includes jobs results for three other sectors with close ties to construction. Employment with ‘real estate’ offices in February was +1.7% year over year; with ‘building material and garden supply stores’, +3.9%; and with ‘architectural and engineering services’ firms, +3.3%. Since designers must provide assembly instructions before projects can proceed, their +3.3% staffing increase suggests ongoing healthy construction activity.
The nearly one-quarter (-24.3%) decline in total nonresidential starts month to month (m/m) in the latest February was due to almost equally substantial declines in the institutional (-39.1%) and heavy engineering/civil (-35.6%) type-of-structure categories. Commercial (-1.3%) was almost flat and industrial took a nice step forward, more than doubling (+104.6%).
As for February 2018’s greater than one-third (-35.5%) fallback in total nonresidential starts versus February 2017, there were year-over-year (y/y) declines in commercial (-40.6%), heavy engineering (-38.1%) and institutional (-33.1%). Only industrial (+46.6%) managed a gain.
The more than one-quarter (-26.4%) retreat in year-to-date (ytd) total nonresidential starts was led downwards by industrial (-60.9%), followed by commercial (-31.4%) and engineering (-23.2%). Institutional (-16.9%) also failed to make headway, but its plummet was less precipitous.
Nearly half (48%) of institutional starts so far in 2018 have arisen in the ‘school/college’ subcategory. With respect to February’s educational facility starts, they were -23.1% m/m; -12.3% y/y; and -17.6% ytd. Next most important within institutional have been ‘hospital/clinic’ (17% share) and ‘nursing/assisted living’ (12% share) work. In February, the former was -57.3% m/m; -41.9% y/y; but a not-as-bleak -9.7% ytd. The latter was -39.9% m/m; -31.4% y/y; but an upbeat +25.4% ytd.
The four major subcategories within engineering to date in 2018 have been: ‘road/highway’ (a 36% share); ‘water/sewage’ (22% share); ‘bridge’ (18% share); and ‘miscellaneous civil/electric power, oil and gas, etc.’ (15% share). Addressing each of these in order, street starts in February were -24.1% m/m; -33.2% y/y; and -18.3% ytd. Water/sewer stars were -16.2% m/m; -24.2% y/y; and -51.3% ytd. Bridge starts were -18.5% m/m; but, on brighter notes, +24.1% y/y and +22.2% ytd. Miscellaneous civil starts were -79.4% m/m; -76.5% y/y; but an even -0.3% ytd.
The commercial designation in 2018 has been dominated by ‘private offices’ (a 29% share) and ‘hotels/motels’ (20% share). The ‘private office’ subcategory in February was +200.5% m/m; -34.9% y/y; and -41.5% ytd. Hotel/motel starts in the latest month were -35.9% m/m; -50.0% y/y; and -19.7% ytd. Also important to commercial are ‘retail/shopping’ (14% share) and ‘warehouses’ (11% share). Shopkeeper groundbreakings in February were: -48.8% m/m; -61.1% y/y; and -34.5% ytd. Warehouse initiations were: -41.3%; y/y; -40.8% ytd; but +16.0% m/m.
The six graphs show 12-month moving-average trend lines of starts for many of the major type-of-construction subcategories. Most of the curves have recently been descending, with the steepest degree of decline being exhibited by retail. Retail’s reversal began in mid-2016. Continuing to generally move upwards, however, are bridge and miscellaneous civil starts.
Tables B-3 and B-8 in the monthly Employment Situation report record average hourly and average weekly wages for industry sectors. B-3 is for all employees (i.e., including bosses) on nonfarm payrolls; B-8 is for ‘production and nonsupervisory personnel’ only (i.e., it excludes bosses). From B-3, average hourly wages were +2.6% y/y across all industries in February and average weekly wages were +2.9%. From B-8, the corresponding gains were +2.5% and +3.1%.
The compensation rates in construction were higher. From Table B-3 for February, they were +3.3% hourly and +3.6% weekly. From Table B-8, they were +3.7% hourly and +4.0% weekly.
The value of construction starts each month is summarized from ConstructConnect’s database of all active construction projects in the U.S. Missing project values are estimated with the help of RSMeans’ building cost models.
ConstructConnect’s nonresidential 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.
ConstructConnect has now moved to a better-targeted and research-assigned ‘start’ date. Prior to January 2017, the ‘start’ date was recorded as occurring within 30 to 60 days of the announced bid date. In concept, a ‘start’ is equivalent to ground being broken for a project to proceed. If work is abandoned or rebid, the ‘start’ date is revised to reflect the new information.
Click here to download the Construction Industry Snapshot Package – February 2018 PDF.
Click here for the Top 10 Project Starts in the U.S. – February 2018.
Click here for the Nonresidential Construction Starts Trend Graphs – February 2018.
TABLE 1: VALUE OF UNITED STATES
CONSTRUCTION STARTS – FEBRUARY 2018
(CONSTRUCTCONNECT)
| % Change | % Change | % Change | ||||
| Jan-FEB 18 | Jan-FEB 18 vs | FEB 18 vs | FEB 18 vs | |||
| ($ billions) | Jan-FEB 17 | FEB 17 | jAN 18 | |||
| Hotel/Motel | 3.445 | -19.7% | -50.0% | -35.9% | ||
| Retail | 2.410 | -34.5% | -61.1% | -48.8% | ||
| Parking Garage | 0.285 | 13.6% | -30.8% | -71.6% | ||
| Amusement | 1.209 | 11.4% | -26.1% | -44.6% | ||
| Private Office | 4.952 | -41.5% | -34.9% | 200.5% | ||
| Government Office | 1.419 | 1.7% | 89.3% | 55.2% | ||
| Laboratory | 0.072 | -75.6% | -81.3% | -16.3% | ||
| Warehouse | 1.882 | -40.8% | -41.3% | 16.0% | ||
| Miscellaneous Commercial | 1.305 | -37.9% | -77.0% | -86.2% | ||
| COMMERCIAL | 16.979 | -31.4% | -40.6% | -1.3% | ||
| INDUSTRIAL (Manufacturing) | 1.866 | -60.9% | 46.6% | 104.6% | ||
| Religious | 0.224 | -29.3% | -30.8% | -21.8% | ||
| Hospital/Clinic | 2.665 | -9.7% | -41.9% | -57.3% | ||
| Nursing/Assisted Living | 1.956 | 25.4% | -31.4% | -39.9% | ||
| Library/Museum | 0.384 | -18.5% | 4.6% | -77.0% | ||
| Police/Courthouse/Prison | 0.998 | -58.3% | -80.3% | -58.2% | ||
| Military | 0.603 | 59.5% | 277.9% | 23.8% | ||
| School/College | 7.506 | -17.6% | -12.3% | -23.1% | ||
| Miscellaneous Government | 1.388 | -20.1% | -61.9% | -64.8% | ||
| INSTITUTIONAL | 15.724 | -16.9% | -33.1% | -39.1% | ||
| Miscellaneous Nonresidential | 0.945 | -0.9% | -8.5% | -19.5% | ||
| NONRESIDENTIAL BUILDING | 35.514 | -28.1% | -34.2% | -17.4% | ||
| Airport | 1.330 | -35.3% | -82.2% | -67.5% | ||
| Road/Highway | 6.892 | -18.3% | -33.2% | -24.1% | ||
| Bridge | 3.409 | 22.2% | 24.1% | -18.5% | ||
| Dam/Marine | 0.682 | 49.5% | 129.7% | 1.9% | ||
| Water/Sewage | 4.182 | -51.3% | -24.2% | -16.2% | ||
| Miscellaneous Civil | 2.817 | -0.3% | -76.5% | -79.4% | ||
| HEAVY ENGINEERING | 19.312 | -23.2% | -38.1% | -35.6% | ||
| TOTAL NONRESIDENTIAL | 54.826 | -26.4% | -35.5% | -24.3% |
Source: ConstructConnect Research Group and ConstructConnect.
Table: ConstructConnect.
TABLE 2: VALUE OF UNITED STATES CONSTRUCTION STARTS
CONSTRUCTCONNECT INSIGHT VERSION – FEBRUARY 2018
Arranged to match the alphabetical category drop-down menus in INSIGHT
| % Change | % Change | % Change | ||||||
| Jan-Feb 18 | Jan-Feb 18 vs | Feb 18 vs | Feb 18 vs | |||||
| ($ billions) | Jan-Feb 17 | Feb 17 | Jan 18 | |||||
| Summary | ||||||||
| CIVIL | 19.312 | -23.2% | -38.1% | -35.6% | ||||
| NONRESIDENTIAL BUILDING | 35.514 | -28.1% | -34.2% | -17.4% | ||||
| RESIDENTIAL | 38.894 | -15.5% | -18.7% | -3.3% | ||||
| GRAND TOTAL | 93.720 | -22.3% | -29.0% | -16.1% | ||||
| Verticals | ||||||||
| Airport | 1.330 | -35.3% | -82.2% | -67.5% | ||||
| All Other Civil | 1.318 | 19.9% | -20.1% | -60.7% | ||||
| Bridges | 3.409 | 22.2% | 24.1% | -18.5% | ||||
| Dams / Canals / Marine Work | 0.682 | 49.5% | 129.7% | 1.9% | ||||
| Power Infrastructure | 1.499 | -13.1% | -93.1% | -92.2% | ||||
| Roads | 6.892 | -18.3% | -33.2% | -24.1% | ||||
| Water and Sewage Treatment | 4.182 | -51.3% | -24.2% | -16.2% | ||||
| CIVIL | 19.312 | -23.2% | -38.1% | -35.6% | ||||
| Offices (private) | 4.952 | -41.5% | -34.9% | 200.5% | ||||
| Parking Garages | 0.285 | 13.6% | -30.8% | -71.6% | ||||
| Transportation Terminals | 0.593 | 191.9% | 7.1% | -85.9% | ||||
| Commercial (small subset) | 5.830 | -34.6% | -34.3% | 94.7% | ||||
| Amusement | 1.209 | 11.4% | -26.1% | -44.6% | ||||
| Libraries / Museums | 0.384 | -18.5% | 4.6% | -77.0% | ||||
| Religious | 0.224 | -29.3% | -30.8% | -21.8% | ||||
| Sports Arenas / Convention Centers | 0.712 | -62.5% | -86.3% | -86.5% | ||||
| Community | 2.529 | -33.0% | -51.4% | -62.8% | ||||
| College / University | 2.768 | -13.5% | -9.5% | -18.5% | ||||
| Elementary / Pre School | 1.737 | -16.7% | 2.9% | -21.1% | ||||
| Jr / Sr High School | 2.784 | -23.2% | -23.7% | -28.8% | ||||
| Special / Vocational | 0.216 | 11.2% | 11.5% | -19.2% | ||||
| Educational | 7.506 | -17.6% | -12.3% | -23.1% | ||||
| Courthouses | 0.187 | -86.5% | -95.0% | -46.9% | ||||
| Fire and Police Stations | 0.421 | 49.9% | 12.9% | -44.0% | ||||
| Government Offices | 1.419 | 1.7% | 89.3% | 55.2% | ||||
| Prisons | 0.389 | -46.6% | 14.6% | -75.0% | ||||
| Government | 2.417 | -36.2% | -40.6% | -8.2% | ||||
| Industrial Labs / Labs / School Labs | 0.072 | -75.6% | -81.3% | -16.3% | ||||
| Manufacturing | 1.866 | -60.9% | 46.6% | 104.6% | ||||
| Warehouses | 1.882 | -40.8% | -41.3% | 16.0% | ||||
| Industrial | 3.821 | -53.7% | -16.5% | 50.8% | ||||
| Hospitals / Clinics | 2.665 | -9.7% | -41.9% | -57.3% | ||||
| Medical Misc. | 1.388 | -20.1% | -61.9% | -64.8% | ||||
| Nursing Homes | 1.956 | 25.4% | -31.4% | -39.9% | ||||
| Medical | 6.009 | -3.8% | -44.2% | -54.0% | ||||
| Military | 0.603 | 59.5% | 277.9% | 23.8% | ||||
| Hotels | 3.445 | -19.7% | -50.0% | -35.9% | ||||
| Retail Misc. | 0.945 | -0.9% | -8.5% | -19.5% | ||||
| Shopping | 2.410 | -34.5% | -61.1% | -48.8% | ||||
| Retail | 6.800 | -23.8% | -50.8% | -38.7% | ||||
| NONRESIDENTIAL BUILDING | 35.514 | -28.1% | -34.2% | -17.4% | ||||
| Multi-Family | 10.354 | -46.1% | -56.6% | -34.5% | ||||
| Single-Family | 28.540 | 6.4% | 6.7% | 11.1% | ||||
| RESIDENTIAL | 38.894 | -15.5% | -18.7% | -3.3% | ||||
| NONRESIDENTIAL | 54.826 | -26.4% | -35.5% | -24.3% | ||||
| GRAND TOTAL | 93.720 | -22.3% | -29.0% | -16.1% | ||||
Table 1 conforms to the type-of-structure ordering adopted by many firms and organizations in the industry. Specifically, it breaks nonresidential building into ICI work (i.e., industrial, commercial and institutional), since each has its own set of economic and demographic drivers. Table 2 presents an alternative, perhaps more user-friendly and intuitive type-of-structure ordering that matches how the data appears in ConstructConnect’s on-line product ‘Insight’.
Source: ConstructConnect.
Table: ConstructConnect.
TABLE 3: VALUE OF UNITED STATES
NATIONAL CONSTRUCTION STARTS – DECEMBER 2017 – CONSTRUCTCONNECT
Billions of current $s, not seasonally adjusted (NSA)
| Latest month actuals | Moving averages (placed in end month) | Year to Date. | |||||||||
| 3-months | 12-months | JAN-FEB | JAN-FEB | ||||||||
| DEC 17 | JAN 18 | FEB 18 | DEC 17 | JAN 18 | FEB 18 | DEC 17 | JAN 18 | FEB 18 | 2017 | 2018 | |
| Single Family | 12.917 | 13.521 | 15.019 | 15.466 | 14.143 | 13.819 | 16.660 | 16.724 | 16.803 | 26.824 | 28.540 |
| month-over-month % change | -19.2% | 4.7% | 11.1% | -7.5% | -8.6% | -2.3% | 0.1% | 0.4% | 0.5% | ||
| year-over-year % change | 1.1% | 6.1% | 6.7% | 2.9% | 5.7% | 4.7% | 7.0% | 7.2% | 7.7% | 1.7% | 6.4% |
| Apartment | 5.389 | 6.255 | 4.099 | 7.705 | 6.530 | 5.248 | 9.414 | 9.123 | 8.677 | 19.201 | 10.354 |
| month-over-month % change | -32.2% | 16.1% | -34.5% | -10.0% | -15.3% | -19.6% | -1.3% | -3.1% | -4.9% | ||
| year-over-year % change | -21.3% | -35.9% | -56.6% | 3.5% | -17.4% | -39.6% | 30.0% | 19.8% | 12.5% | 41.8% | -46.1% |
| TOTAL RESIDENTIAL | 18.306 | 19.775 | 19.118 | 23.170 | 20.673 | 19.067 | 26.074 | 25.847 | 25.480 | 46.026 | 38.894 |
| month-over-month % change | -23.5% | 8.0% | -3.3% | -8.3% | -10.8% | -7.8% | -0.4% | -0.9% | -1.4% | ||
| year-over-year % change | -6.7% | -12.1% | -18.7% | 3.1% | -2.9% | -12.9% | 14.3% | 11.3% | 9.3% | 15.3% | -15.5% |
| Hotel/Motel | 1.187 | 2.099 | 1.346 | 1.794 | 1.729 | 1.544 | 2.366 | 2.408 | 2.296 | 4.288 | 3.445 |
| month-over-month % change | -37.6% | 76.9% | -35.9% | -17.3% | -3.6% | -10.7% | -0.7% | 1.8% | -4.7% | ||
| year-over-year % change | -14.7% | 31.3% | -50.0% | 3.9% | 11.3% | -18.5% | 40.3% | 41.7% | 24.5% | 78.4% | -19.7% |
| Retail | 1.040 | 1.594 | 0.816 | 1.311 | 1.245 | 1.150 | 1.607 | 1.608 | 1.501 | 3.679 | 2.410 |
| month-over-month % change | -5.4% | 53.2% | -48.8% | -6.6% | -5.0% | -7.6% | -3.1% | 0.1% | -6.6% | ||
| year-over-year % change | -37.2% | 0.7% | -61.1% | -23.0% | -17.9% | -35.3% | -45.4% | -42.0% | -46.3% | -32.4% | -34.5% |
| Parking Garages | 0.532 | 0.222 | 0.063 | 0.370 | 0.279 | 0.272 | 0.276 | 0.281 | 0.279 | 0.251 | 0.285 |
| month-over-month % change | 543.2% | -58.3% | -71.6% | 43.6% | -24.7% | -2.4% | 10.6% | 1.9% | -0.8% | ||
| year-over-year % change | 148.4% | 38.9% | -30.8% | 29.4% | 8.9% | 75.7% | -27.2% | -26.4% | -27.3% | 28.3% | 13.6% |
| Amusement | 0.852 | 0.778 | 0.431 | 0.626 | 0.658 | 0.687 | 0.636 | 0.659 | 0.646 | 1.085 | 1.209 |
| month-over-month % change | 147.3% | -8.7% | -44.6% | 17.1% | 5.1% | 4.3% | 5.3% | 3.6% | -1.9% | ||
| year-over-year % change | 83.2% | 55.0% | -26.1% | -1.4% | 17.6% | 33.0% | 18.0% | 20.5% | 16.6% | 20.5% | 11.4% |
| Office | 0.978 | 1.237 | 3.715 | 1.496 | 1.436 | 1.977 | 2.307 | 2.181 | 2.015 | 8.460 | 4.952 |
| month-over-month % change | -53.3% | 26.4% | 200.5% | -18.1% | -4.0% | 37.7% | -3.2% | -5.5% | -7.6% | ||
| year-over-year % change | -48.6% | -55.1% | -34.9% | -13.7% | -26.3% | -42.8% | 6.3% | -2.9% | -20.0% | 96.9% | -41.5% |
| Governmental Offices | 0.458 | 0.556 | 0.863 | 0.641 | 0.556 | 0.626 | 0.874 | 0.842 | 0.876 | 1.395 | 1.419 |
| month-over-month % change | -29.9% | 21.3% | 55.2% | -10.0% | -13.2% | 12.5% | -8.2% | -3.7% | 4.0% | ||
| year-over-year % change | -67.3% | -40.8% | 89.3% | -35.4% | -45.1% | -32.9% | -19.9% | -22.6% | -16.5% | -26.7% | 1.7% |
| Laboratories | 0.198 | 0.039 | 0.033 | 0.175 | 0.141 | 0.090 | 0.223 | 0.216 | 0.204 | 0.295 | 0.072 |
| month-over-month % change | 6.3% | -80.2% | -16.3% | 29.6% | -19.4% | -36.2% | 1.8% | -3.0% | -5.5% | ||
| year-over-year % change | 31.1% | -67.1% | -81.3% | 31.7% | -4.1% | -39.4% | -31.8% | -31.9% | -34.8% | -35.6% | -75.6% |
| Warehouse | 0.956 | 0.872 | 1.011 | 1.233 | 1.010 | 0.946 | 1.666 | 1.617 | 1.558 | 3.181 | 1.882 |
| month-over-month % change | -20.6% | -8.8% | 16.0% | -13.2% | -18.1% | -6.4% | -0.4% | -2.9% | -3.7% | ||
| year-over-year % change | -8.3% | -40.3% | -41.3% | -12.0% | -21.1% | -32.8% | 35.2% | 26.2% | 15.7% | 75.4% | -40.8% |
| Misc Commercial | 2.631 | 1.148 | 0.158 | 1.762 | 1.479 | 1.312 | 1.590 | 1.567 | 1.523 | 2.104 | 1.305 |
| month-over-month % change | 298.7% | -56.4% | -86.2% | 61.0% | -16.0% | -11.3% | 12.1% | -1.4% | -2.8% | ||
| year-over-year % change | 357.8% | -19.1% | -77.0% | 88.3% | 22.8% | 47.0% | 51.1% | 44.0% | 62.9% | -40.1% | -37.9% |
| TOTAL COMMERCIAL | 8.832 | 8.544 | 8.435 | 9.408 | 8.534 | 8.604 | 11.545 | 11.379 | 10.899 | 24.738 | 16.979 |
| month-over-month % change | 7.4% | -3.3% | -1.3% | -1.5% | -9.3% | 0.8% | 0.0% | -1.4% | -4.2% | ||
| year-over-year % change | 0.4% | -18.9% | -40.6% | -1.4% | -10.0% | -23.0% | 1.1% | -0.4% | -7.2% | 18.2% | -31.4% |
| TOTAL INDUSTRIAL (Manufacturing) | 0.402 | 0.613 | 1.254 | 2.646 | 0.520 | 0.756 | 2.919 | 2.643 | 2.676 | 4.779 | 1.866 |
| month-over-month % change | -26.1% | 52.3% | 104.6% | -56.9% | -80.3% | 45.4% | -3.2% | -9.5% | 1.3% | ||
| year-over-year % change | -74.1% | -84.4% | 46.6% | 157.4% | -75.3% | -64.2% | 73.4% | 34.7% | 41.8% | 104.4% | -60.9% |
| Religious | 0.131 | 0.126 | 0.098 | 0.142 | 0.121 | 0.118 | 0.182 | 0.178 | 0.174 | 0.317 | 0.224 |
| month-over-month % change | 24.2% | -4.1% | -21.8% | 3.4% | -14.9% | -2.0% | -1.0% | -2.2% | -2.0% | ||
| year-over-year % change | -14.1% | -28.1% | -30.8% | -8.9% | -22.3% | -24.3% | 25.5% | 22.4% | 18.2% | 9.7% | -29.3% |
| Hosptials/Clinics | 0.585 | 1.868 | 0.797 | 0.773 | 1.116 | 1.083 | 1.340 | 1.364 | 1.317 | 2.952 | 2.665 |
| month-over-month % change | -34.6% | 219.4% | -57.3% | -11.2% | 44.3% | -2.9% | -1.5% | 1.8% | -3.5% | ||
| year-over-year % change | -29.2% | 18.2% | -41.9% | -40.9% | -16.1% | -14.0% | -24.9% | -23.1% | -24.6% | -13.7% | -9.7% |
| Nursing/Assisted Living | 0.629 | 1.222 | 0.734 | 0.885 | 0.957 | 0.862 | 0.944 | 1.005 | 0.977 | 1.560 | 1.956 |
| month-over-month % change | -38.3% | 94.3% | -39.9% | -7.3% | 8.1% | -9.9% | -1.7% | 6.5% | -2.8% | ||
| year-over-year % change | -23.4% | 149.0% | -31.4% | -3.2% | 30.6% | 8.6% | 16.5% | 28.7% | 22.4% | -8.6% | 25.4% |
| Libraries/Museums | 0.158 | 0.312 | 0.072 | 0.170 | 0.205 | 0.181 | 0.295 | 0.288 | 0.288 | 0.472 | 0.384 |
| month-over-month % change | 11.0% | 97.2% | -77.0% | -23.5% | 20.4% | -11.5% | -8.7% | -2.6% | 0.1% | ||
| year-over-year % change | -68.1% | -22.5% | 4.6% | -36.3% | -38.0% | -43.9% | 10.3% | -0.2% | 1.7% | 65.0% | -18.5% |
| Police/Courthouse/Prison | 0.543 | 0.704 | 0.294 | 0.552 | 0.545 | 0.514 | 0.703 | 0.687 | 0.587 | 2.395 | 0.998 |
| month-over-month % change | 40.2% | 29.7% | -58.2% | -6.3% | -1.3% | -5.7% | 1.0% | -2.3% | -14.5% | ||
| year-over-year % change | 17.6% | -22.0% | -80.3% | 1.8% | -10.0% | -46.1% | 40.7% | 23.9% | -10.2% | 334.3% | -58.3% |
| Military | 0.228 | 0.270 | 0.334 | 0.518 | 0.357 | 0.277 | 0.412 | 0.411 | 0.431 | 0.378 | 0.603 |
| month-over-month % change | -60.1% | 18.0% | 23.8% | -23.3% | -31.0% | -22.4% | 2.4% | -0.4% | 5.0% | ||
| year-over-year % change | 103.4% | -7.0% | 277.9% | 11.9% | 0.5% | 69.5% | 5.7% | 7.9% | 16.4% | -38.3% | 59.5% |
| Schools/Colleges | 3.175 | 4.242 | 3.264 | 3.772 | 3.624 | 3.560 | 5.709 | 5.614 | 5.575 | 9.104 | 7.506 |
| month-over-month % change | -8.2% | 33.6% | -23.1% | -8.9% | -3.9% | -1.8% | -3.0% | -1.7% | -0.7% | ||
| year-over-year % change | -39.7% | -21.2% | -12.3% | -25.5% | -24.9% | -25.7% | -2.3% | -5.7% | -6.0% | 13.0% | -17.6% |
| Misc Government | 0.481 | 1.027 | 0.361 | 0.651 | 0.747 | 0.623 | 0.890 | 0.910 | 0.861 | 1.736 | 1.388 |
| month-over-month % change | -34.4% | 113.6% | -64.8% | -15.4% | 14.8% | -16.6% | -2.3% | 2.2% | -5.4% | ||
| year-over-year % change | -34.0% | 30.4% | -61.9% | -17.1% | 3.8% | -24.2% | 36.6% | 32.6% | 19.8% | 86.8% | -20.1% |
| TOTAL INSTITUTIONAL | 5.930 | 9.770 | 5.954 | 7.462 | 7.671 | 7.218 | 10.476 | 10.456 | 10.210 | 18.914 | 15.724 |
| month-over-month % change | -18.9% | 64.8% | -39.1% | -10.7% | 2.8% | -5.9% | -2.3% | -0.2% | -2.4% | ||
| year-over-year % change | -33.1% | -2.4% | -33.1% | -21.4% | -15.3% | -22.0% | 0.8% | -1.0% | -4.1% | 19.3% | -16.9% |
| Misc Non Residential | 0.407 | 0.523 | 0.421 | 0.489 | 0.481 | 0.451 | 0.627 | 0.629 | 0.626 | 0.953 | 0.945 |
| month-over-month % change | -20.4% | 28.5% | -19.5% | -18.3% | -1.6% | -6.3% | -2.9% | 0.4% | -0.5% | ||
| year-over-year % change | -35.5% | 6.2% | -8.5% | -28.4% | -19.2% | -14.7% | -13.1% | -11.9% | -11.1% | -18.0% | -0.9% |
| TOTAL NONRES BUILDING | 15.572 | 19.450 | 16.064 | 20.004 | 17.206 | 17.029 | 25.567 | 25.108 | 24.411 | 49.384 | 35.514 |
| month-over-month % change | -6.2% | 24.9% | -17.4% | -18.8% | -14.0% | -1.0% | -1.4% | -1.8% | -2.8% | ||
| year-over-year % change | -21.5% | -22.1% | -34.2% | -3.6% | -19.0% | -26.2% | 5.6% | 1.8% | -2.3% | 22.6% | -28.1% |
| Airports | 0.211 | 1.004 | 0.326 | 0.616 | 0.543 | 0.514 | 1.044 | 1.109 | 0.984 | 2.057 | 1.330 |
| month-over-month % change | -48.8% | 375.1% | -67.5% | -69.6% | -11.9% | -5.3% | -1.8% | 6.2% | -11.3% | ||
| year-over-year % change | -51.9% | 337.9% | -82.2% | 5.2% | 55.0% | -38.3% | 88.2% | 96.3% | 49.8% | 145.3% | -35.3% |
| Roads/Highways | 2.425 | 3.918 | 2.974 | 2.785 | 2.995 | 3.106 | 4.428 | 4.422 | 4.299 | 8.440 | 6.892 |
| month-over-month % change | -8.2% | 61.6% | -24.1% | -15.3% | 7.5% | 3.7% | -2.3% | -0.1% | -2.8% | ||
| year-over-year % change | -33.7% | -1.8% | -33.2% | -14.4% | -13.6% | -23.0% | 4.0% | 4.6% | -1.3% | 16.0% | -18.3% |
| Bridges | 1.620 | 1.878 | 1.530 | 1.255 | 1.577 | 1.676 | 1.715 | 1.742 | 1.766 | 2.789 | 3.409 |
| month-over-month % change | 31.3% | 16.0% | -18.5% | 3.4% | 25.7% | 6.3% | 1.8% | 1.6% | 1.4% | ||
| year-over-year % change | 29.9% | 20.8% | 24.1% | 24.3% | 29.7% | 24.6% | 41.9% | 41.5% | 39.2% | 35.3% | 22.2% |
| Dams/Marine | 0.469 | 0.338 | 0.344 | 0.554 | 0.489 | 0.384 | 0.423 | 0.425 | 0.442 | 0.456 | 0.682 |
| month-over-month % change | -29.0% | -27.9% | 1.9% | 12.5% | -11.7% | -21.5% | 2.8% | 0.6% | 3.8% | ||
| year-over-year % change | 42.7% | 10.3% | 129.7% | 65.4% | 56.6% | 46.7% | 35.6% | 33.1% | 41.8% | -0.4% | 49.5% |
| Water/Sewage | 1.621 | 2.275 | 1.907 | 1.878 | 1.893 | 1.934 | 2.659 | 2.343 | 2.292 | 8.581 | 4.182 |
| month-over-month % change | -9.1% | 40.4% | -16.2% | -7.7% | 0.8% | 2.2% | -3.6% | -11.9% | -2.2% | ||
| year-over-year % change | -42.1% | -62.5% | -24.2% | -17.5% | -46.3% | -49.0% | 4.7% | -18.4% | -22.0% | 127.5% | -51.3% |
| Misc Civil | 0.569 | 2.337 | 0.481 | 2.459 | 2.671 | 1.129 | 2.135 | 2.265 | 2.135 | 2.825 | 2.817 |
| month-over-month % change | -88.9% | 310.8% | -79.4% | -31.9% | 8.6% | -57.7% | -1.1% | 6.1% | -5.8% | ||
| year-over-year % change | -34.1% | 200.1% | -76.5% | 152.1% | 197.4% | -8.2% | 94.6% | 113.7% | 82.5% | 44.1% | -0.3% |
| TOTAL ENGINEERING | 6.914 | 11.750 | 7.562 | 9.547 | 10.167 | 8.742 | 12.404 | 12.306 | 11.918 | 25.148 | 19.312 |
| month-over-month % change | -41.6% | 69.9% | -35.6% | -24.6% | 6.5% | -14.0% | -1.6% | -0.8% | -3.2% | ||
| year-over-year % change | -25.9% | -9.1% | -38.1% | 13.2% | 4.1% | -23.9% | 24.4% | 19.8% | 11.4% | 53.6% | -23.2% |
| GRAND TOTAL | 40.793 | 50.976 | 42.745 | 52.721 | 48.046 | 44.838 | 64.045 | 63.261 | 61.809 | 120.558 | 93.720 |
| month-over-month % change | -22.1% | 25.0% | -16.1% | -15.8% | -8.9% | -6.7% | -1.0% | -1.2% | -2.3% | ||
| year-over-year % change | -16.4% | -15.6% | -29.0% | 2.1% | -8.1% | -20.6% | 12.4% | 8.8% | 4.8% | 24.9% | -22.3% |
| NONRES BLDG + ENGINEERING | 22.486 | 31.200 | 23.626 | 29.551 | 27.373 | 25.771 | 37.971 | 37.414 | 36.329 | 74.532 | 54.826 |
| month-over-month % change | -20.9% | 38.8% | -24.3% | -20.8% | -7.4% | -5.9% | -1.4% | -1.5% | -2.9% | ||
| year-over-year % change | -22.9% | -17.6% | -35.5% | 1.3% | -11.7% | -25.5% | 11.1% | 7.1% | 1.8% | 31.6% | -26.4% |
Data Source and Table: ConstructConnect.
TABLE 4: U.S. YEAR-TO-DATE REGIONAL STARTS
NONRESIDENTIAL CONSTRUCTION* — CONSTRUCTCONNECT
| Jan-FEB 2017 | Jan-FEB 2018 | % Change | |||
| Connecticut | $455,123,151 | $311,868,939 | -31.5% | ||
| Maine | $63,893,269 | $188,102,257 | 194.4% | ||
| Massachusetts | $1,644,133,815 | $845,800,419 | -48.6% | ||
| New Hampshire | $94,065,100 | $102,191,486 | 8.6% | ||
| Rhode Island | $198,540,347 | $145,499,486 | -26.7% | ||
| Vermont | $53,489,235 | $70,494,270 | 31.8% | ||
| Total New England | $2,509,244,917 | $1,663,956,857 | -33.7% | ||
| New Jersey | $2,315,429,148 | $777,917,020 | -66.4% | ||
| New York | $7,941,700,209 | $2,695,040,820 | -66.1% | ||
| Pennsylvania | $1,679,455,497 | $1,597,459,909 | -4.9% | ||
| Total Middle Atlantic | $11,936,584,854 | $5,070,417,749 | -57.5% | ||
| TOTAL NORTHEAST | $14,445,829,771 | $6,734,374,606 | -53.4% | ||
| Illinois | $1,260,776,381 | $1,182,686,205 | -6.2% | ||
| Indiana | $713,180,796 | $1,119,990,182 | 57.0% | ||
| Michigan | $5,731,138,575 | $919,861,567 | -83.9% | ||
| Ohio | $1,412,725,371 | $2,029,651,805 | 43.7% | ||
| Wisconsin | $783,120,382 | $865,277,411 | 10.5% | ||
| Total East North Central | $9,900,941,505 | $6,117,467,170 | -38.2% | ||
| Iowa | $248,186,835 | $469,115,253 | 89.0% | ||
| Kansas | $458,573,309 | $737,707,548 | 60.9% | ||
| Minnesota | $427,927,480 | $563,632,556 | 31.7% | ||
| Missouri | $678,764,275 | $1,651,659,633 | 143.3% | ||
| Nebraska | $818,178,732 | $285,445,787 | -65.1% | ||
| North Dakota | $277,719,469 | $372,155,199 | 34.0% | ||
| South Dakota | $180,701,669 | $214,289,054 | 18.6% | ||
| Total West North Central | $3,090,051,769 | $4,294,005,030 | 39.0% | ||
| TOTAL MIDWEST | $12,990,993,274 | $10,411,472,200 | -19.9% | ||
| Delaware | $420,668,330 | $106,350,743 | -74.7% | ||
| District of Columbia | $490,685,357 | $659,600,152 | 34.4% | ||
| Florida | $5,314,299,263 | $3,627,450,288 | -31.7% | ||
| Georgia | $2,672,732,389 | $1,502,052,475 | -43.8% | ||
| Maryland | $777,397,713 | $1,819,019,189 | 134.0% | ||
| North Carolina | $2,478,720,451 | $1,489,489,235 | -39.9% | ||
| South Carolina | $1,094,730,137 | $976,239,879 | -10.8% | ||
| Virginia | $1,184,566,665 | $2,213,193,470 | 86.8% | ||
| West Virginia | $219,727,109 | $134,561,602 | -38.8% | ||
| Total South Atlantic | $14,653,527,414 | $12,527,957,033 | -14.5% | ||
| Alabama | $1,052,393,528 | $822,278,289 | -21.9% | ||
| Kentucky | $508,000,069 | $628,175,981 | 23.7% | ||
| Mississippi | $318,476,615 | $320,895,652 | 0.8% | ||
| Tennessee | $759,187,856 | $927,012,326 | 22.1% | ||
| Total East South Central | $2,638,058,068 | $2,698,362,248 | 2.3% | ||
| Arkansas | $437,164,667 | $539,113,531 | 23.3% | ||
| Louisiana | $2,055,457,067 | $1,433,533,808 | -30.3% | ||
| Oklahoma | $1,669,596,059 | $864,599,374 | -48.2% | ||
| Texas | $6,962,431,441 | $5,375,167,973 | -22.8% | ||
| Total West South Central | $11,124,649,234 | $8,212,414,686 | -26.2% | ||
| TOTAL SOUTH | $28,416,234,716 | $23,438,733,967 | -17.5% | ||
| Arizona | $1,862,605,324 | $1,511,438,992 | -18.9% | ||
| Colorado | $802,811,895 | $810,554,280 | 1.0% | ||
| Idaho | $157,072,893 | $157,024,370 | 0.0% | ||
| Montana | $192,421,610 | $88,732,985 | -53.9% | ||
| Nevada | $353,787,312 | $1,545,659,422 | 336.9% | ||
| New Mexico | $452,954,694 | $326,289,226 | -28.0% | ||
| Utah | $1,554,292,259 | $1,182,930,663 | -23.9% | ||
| Wyoming | $75,033,103 | $70,988,664 | -5.4% | ||
| Total Mountain | $5,450,979,090 | $5,693,618,602 | 4.5% | ||
| Alaska | $161,590,496 | $214,010,410 | 32.4% | ||
| California | $9,725,024,739 | $5,574,359,578 | -42.7% | ||
| Hawaii | $208,129,776 | $572,698,120 | 175.2% | ||
| Oregon | $1,603,929,753 | $1,044,427,023 | -34.9% | ||
| Washington | $1,529,516,598 | $1,142,738,896 | -25.3% | ||
| Total Pacific | $13,228,191,362 | $8,548,234,027 | -35.4% | ||
| TOTAL WEST | $18,679,170,452 | $14,241,852,629 | -23.8% | ||
| TOTAL U.S. | $74,532,228,213 | $54,826,433,402 | -26.4% |
*Figures above are comprised of nonres building and engineering (i.e., residential is omitted).
Data Source and Table: ConstructConnect.
