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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 »

ConstructConnect’s February 2018 Starts -8.4% Versus Prior Five-Year Average

 
March 19th, 2018 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

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.

2018-03-19-US-Nonresidential-Construction-Starts-February-2018

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
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‘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.

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Category: ConstructConnect

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