Alex Carrick, Chief Economist at ConstructConnectAlex 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 the media, Mr. Carrick holds a Masters in Economics. « Less
Alex Carrick, Chief Economist at ConstructConnectAlex 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 »
A Slow Beginning for 2019 Construction Starts
February 13th, 2019 by Alex Carrick, Chief Economist at ConstructConnect
Article source: ConstructConnect
ConstructConnect announced today that January’s volume of construction starts, excluding residential work, was $27.8 billion, a change of -6.7% compared with December 2018’s level of $29.7 billion. The latest month-to-month adjustment was in close alignment with the usual shift in starts volumes between December and January, due to seasonality, of -8.5%.
Nonresidential starts in January 2019 relative to the previous five-year average for January, i.e., from 2014 through 2018, were -4.5%. January 2019 compared with January 2018 was -20.6%. At $35.0 billion, January 2018 managed an abnormally high volume of starts activity.
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 larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s latest report, for November, was 59%; the latter’s was 41%.
View this information as an infographic.
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 is usually one month ahead of the reporting period for the investment series. The normal one-month lag in the timing of data releases has currently been stretched out. Census Bureau workers were off the job for 35 days due to the partial shutdown. Now that they have returned to work, the put-in-place numbers have been updated through November, which leaves them two months behind the starts data.
The U.S. construction sector (+52,000 jobs) undertook exceptionally strong hiring in January, according to the latest Employment Situation report from the BLS. The year-over-year change in construction jobs was +4.7%, a faster pace of gain than for any other major industrial subsector. ‘Transportation and warehousing’ (+4.1%) firms were next quickest to add staff. By sub-categories of construction work, the year-over-year climb in jobs was +7.2% for both residential and heavy/civil engineering concerns. Nonresidential builders were more restrained, at +2.9%.
Construction’s NSA unemployment rate in January was 6.4%, which marked a continuation of tightening (i.e., improvement) versus January 2018’s figure of 7.3% and January 2017’s 9.4%.
January 2019’s year-over-year payroll changes in other pockets of the economy important to construction were as follows: ‘machinery and equipment rental,’ +6.9%; ‘oil and gas extraction,’ +6.2%; ‘real estate firms,&rsquo, +3.3%; ‘architectural and engineering services,&rsquo, +2.5%; ‘cement and concrete product manufacturing,&rsquo, +0.9%; and ‘building material and supplies dealers,&rsquo, -0.3%.
The month-to-month decline (-6.7%) in total nonresidential starts in January was caused by a fall in industrial (-23.3%) and similar-sized drops in institutional (-11.0%) and commercial (-13.3%). Only the heavy engineering type-of-structure category (+9.3%) managed a gain.
The more substantial year-over-year (y/y) decrease (-20.6%) in total nonresidential starts in the latest month (i.e., January 2018 versus January 2017) was due to shortfalls in commercial (-39.7%), heavy engineering (-19.2%), and institutional (-17.3%). Industrial (+125.3%), on the other hand, chose to dance to a different drumbeat and more than doubled.
For every month of the year except January, the narrative in this Industry Snapshot report would now move along to a discussion about year-to-date results. But January is unique in that its individual monthly numbers and its year-to-date (ytd) statistics are exactly the same.
The -23.3% drop in industrial starts m/m in January 2019 was due to the absence of a project as large as Micron Technology’s plant expansion in Virginia, estimated at $3.0 billion, which appeared in December 2018’s starts. January 2019 groundbreakings did, however, include several notable industrial projects, led by an ethane exporting facility in Texas, valued at $1.5 billion. On a y/y basis, January 2019 industrial starts were +125.3%.
The two primary contributors to ‘heavy engineering/civil’ starts in January 2019 were ‘roads and highways’ (a 38% share) and ‘water and sewer’ works (a 28% slice). Groundbreakings on the former in the latest month were +6.1% m/m, but -1.1% y/y; on the latter, they were a more robust +36.5% m/m, but faltered as well y/y, at -4.7%. Bridge starts, which have been setting a torrid pace over the past couple of years, cooled a bit in the latest month: -4.4% m/m and -12.3% y/y.
By a wide margin, the front-ranking share (57%) among institutional subcategories in January belonged to ‘schools/colleges’. Furthermore, the dollar volume of educational facility starts-ups in the latest month was notably positive: +10.6% m/m and +4.1% y/y. The dollar-volume starts performance of a combined medical facility subcategory, – i.e., embracing ‘hospitals/clinics,&rsquo‘nursing/assisted living,’ and ‘medical miscellaneous’ (and jointly accounting for 31% of institutional in January 2019) was deeply negative: -26.0% m/m and -43.4% y/y.
Under the commercial umbrella in January 2019, there were numerous subcategories with starts shortcomings. ‘Hotel/motel’ groundbreakings (20% of commercial in January) were -21.2% m/m and -38.9% y/y. ‘Retail/shopping’ starts (15% share) were +11.0% m/m, but -47.7% y/y. Warehouse starts (13%) were +40.6% m/m, but -48.9% y/y. ‘Private office building’ starts were -71.2% m/m and -74.6% y/y. The private-office dollar volume dipped below government offices.
The Nonresidential Construction Starts Trend Graphs – January 2019 sets out 12-month moving average trend graphs for key type-of-structure categories. In Graph 1, the nonresidential building curve is gently descending while heavy engineering is gradually ascending. In Graph 2, the commercial and institutional lines are almost on top of one another, with mild weakness developing in 2018. In Graphs 3 through 6, the structure types showing the most uplift of late have been roads/highways and bridges. Those demonstrating a tendency to retreat have been retail and hospitals/clinics. ‘Miscellaneous civil’ in Graph 6 is coming back down to earth but remains one-third higher than its best levels from 2010 to 2015.
Tables B-3 and B-8 of 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). For ‘all jobs’ and construction, there are eight relevant percentage changes to consider.
From January’s Table B-3, the ‘all jobs’ pay increases were +3.2% hourly and +3.5% weekly. Construction workers did worse hourly, +2.8%, but considerably better weekly, +4.9%. From Table B-8, which omits supervisory personnel, the economy-wide compensation increases were +3.4% hourly and +3.7% weekly. Again, construction workers, as a subset, fell behind (but only slightly) in their hourly earnings, +3.3%, but they more than made up for it weekly, +5.6%.
Further on costing, December 2018’s y/y results for three BLS Producer Price Index (PPI) series were: ‘construction materials special index’, +6.3%; ‘inputs to new construction index, excluding capital investment, labor and imports’, +3.8%; and ‘final demand construction’, +5.1%.
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’s single-family plus multi-family residential starts in January were -3.4% m/m; and -20.3% y/y. ‘Grand total’ starts were -5.4% m/m; and -20.5% ytd. With respect to single-family housing starts during the last couple of months, Census Bureau statisticians, who were sidelined for 35 days by the shutdown, have not been able to provide in-depth guidance. ContstructConnect’s single-family starts numbers for December and January are best estimates.
ConstructConnect has 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.
TABLE 1: VALUE OF UNITED STATES CONSTRUCTION STARTS JANUARY 2019
– CONSTRUCTCONNECT
|
Previous Annual |
|
Latest Month |
|
|
|
|
|
% Change |
% Change |
|
2018 |
% Change |
|
Jan 2019 |
(Jan 19 vs |
(Jan 19 vs |
|
($ billions) |
(2018 vs 2017) |
|
($ billions) |
Jan 18) |
Dec 18) |
Hotel/Motel |
25.797 |
-9.9% |
|
1.319 |
-38.9% |
-21.2% |
Retail/Shopping |
17.618 |
-11.9% |
|
0.958 |
-47.7% |
11.0% |
Parking Garage |
2.763 |
-21.4% |
|
0.231 |
7.9% |
-24.3% |
Amusement |
8.373 |
6.6% |
|
0.475 |
-42.9% |
-25.1% |
Private Office |
28.514 |
-1.6% |
|
0.618 |
-74.6% |
-71.2% |
Government Office |
10.837 |
2.5% |
|
0.787 |
35.5% |
10.8% |
Laboratory |
3.033 |
1.3% |
|
0.201 |
358.8% |
-13.7% |
Warehouse |
20.209 |
-6.3% |
|
0.849 |
-48.9% |
40.6% |
Misc. Commercial* |
12.336 |
-36.2% |
|
1.143 |
-0.6% |
174.4% |
COMMERCIAL (big subset) |
129.480 |
-9.7% |
|
6.581 |
-39.7% |
-13.3% |
|
|
|
|
|
|
|
INDUSTRIAL (Manufacturing) |
34.886 |
-5.1% |
|
2.627 |
125.3% |
-23.3% |
|
|
|
|
|
|
|
Religious |
2.122 |
-5.5% |
|
0.163 |
26.9% |
-26.0% |
Hospital/Clinic |
16.009 |
-3.7% |
|
1.182 |
-47.2% |
-46.9% |
Nursing/Assisted Living |
10.319 |
-13.3% |
|
0.930 |
-28.9% |
23.0% |
Library/Museum |
2.751 |
-23.2% |
|
0.125 |
-39.2% |
-20.9% |
Fire/Police/Courthouse/Prison |
8.182 |
-3.1% |
|
0.504 |
-1.7% |
-34.9% |
Military |
5.562 |
16.5% |
|
0.257 |
53.0% |
-46.9% |
School/College |
70.131 |
1.0% |
|
4.795 |
4.1% |
10.6% |
Misc. Medical |
10.666 |
-2.2% |
|
0.490 |
-53.3% |
-7.8% |
INSTITUTIONAL |
125.742 |
-1.7% |
|
8.446 |
-17.3% |
-11.0% |
|
|
|
|
|
|
|
Misc. Non-residential |
6.972 |
-9.0% |
|
0.375 |
-38.6% |
8.2% |
NON-RES. BUILDING |
297.080 |
-5.9% |
|
18.030 |
-21.3% |
-13.5% |
|
|
|
|
|
|
|
Airport |
7.227 |
-42.4% |
|
0.499 |
-49.0% |
53.0% |
Road/Highway |
63.584 |
19.7% |
|
3.734 |
-1.1% |
6.1% |
Bridge |
24.040 |
16.6% |
|
1.702 |
-12.3% |
-4.4% |
Dam/Marine |
6.850 |
34.6% |
|
0.381 |
22.0% |
-21.7% |
Water/Sewage |
29.453 |
-8.1% |
|
2.732 |
-4.7% |
36.5% |
Misc. Civil (Power, etc.) |
31.622 |
20.0% |
|
0.736 |
-67.1% |
-11.8% |
HEAVY
ENGINEERING (Civil) |
162.777 |
8.7% |
|
9.784 |
-19.2% |
9.3% |
|
|
|
|
|
|
|
TOTAL |
459.856 |
-1.2% |
|
27.814 |
-20.6% |
-6.7% |
Source: ConstructConnect Research Group
and ConstructConnect.
Table: ConstructConnect.
TABLE 2: VALUE OF UNITED STATES CONSTRUCTION STARTS CONSTRUCTCONNECT INSIGHT VERSION – JANUARY 2019
Arranged to match the alphabetical category drop-down menus in INSIGHT
|
|
|
Previous Annual |
|
Latest Month |
|
|
|
|
|
|
|
% Change |
% Change |
|
|
|
2018 |
% Change |
|
January 19 |
Jan 19 vs |
Jan 19 vs |
|
|
|
($
billions) |
(18
vs 17) |
|
($
billions) |
Jan
18 |
Dec
18 |
|
|
|
|
|
|
|
|
|
Summary |
|
|
|
|
|
|
|
CIVIL |
|
|
162.777 |
8.7% |
|
9.784 |
-19.2% |
9.3% |
NON-RESIDENTIAL
BUILDING |
297.080 |
-5.9% |
|
18.030 |
-21.3% |
-13.5% |
RESIDENTIAL |
|
289.770 |
-8.9% |
|
17.935 |
-20.3% |
-3.4% |
GRAND TOTAL |
|
749.626 |
-4.3% |
|
45.749 |
-20.5% |
-5.4% |
|
|
|
|
|
|
|
|
|
Verticals |
|
|
|
|
|
|
|
|
|
Airport |
7.227 |
-42.4% |
|
0.499 |
-49.0% |
53.0% |
|
|
All Other Civil |
24.199 |
54.9% |
|
0.600 |
-16.5% |
-3.2% |
|
|
Bridges |
24.040 |
16.6% |
|
1.702 |
-12.3% |
-4.4% |
|
|
Dams / Canals / Marine Work |
6.850 |
34.6% |
|
0.381 |
22.0% |
-21.7% |
|
|
Power Infrastructure |
7.423 |
-30.8% |
|
0.135 |
-91.1% |
-36.6% |
|
|
Roads |
63.584 |
19.7% |
|
3.734 |
-1.1% |
6.1% |
|
|
Water and
Sewage Treatment |
29.453 |
-8.1% |
|
2.732 |
-4.7% |
36.5% |
CIVIL |
|
|
162.777 |
8.7% |
|
9.784 |
-19.2% |
9.3% |
|
|
Offices (private) |
28.514 |
-1.6% |
|
0.618 |
-74.6% |
-71.2% |
|
|
Parking Garages |
2.763 |
-21.4% |
|
0.231 |
7.9% |
-24.3% |
|
|
Transportation
Terminals |
5.111 |
33.1% |
|
0.227 |
-49.2% |
136.8% |
|
Commercial
(small subset) |
36.388 |
0.2% |
|
1.076 |
-65.3% |
-57.8% |
|
|
Amusement |
8.373 |
6.6% |
|
0.475 |
-42.9% |
-25.1% |
|
|
Libraries / Museums |
2.751 |
-23.2% |
|
0.125 |
-39.2% |
-20.9% |
|
|
Religious |
2.122 |
-5.5% |
|
0.163 |
26.9% |
-26.0% |
|
|
Sports Arenas
/ Convention Centers |
7.225 |
-53.4% |
|
0.916 |
30.3% |
185.6% |
|
Community |
20.471 |
-29.8% |
|
1.679 |
-10.2% |
26.0% |
|
|
College / University |
18.982 |
-14.8% |
|
1.575 |
-5.0% |
15.5% |
|
|
Elementary / Pre School |
19.201 |
1.7% |
|
0.982 |
-13.4% |
22.7% |
|
|
Jr / Sr High School |
30.221 |
13.8% |
|
2.052 |
26.9% |
-2.3% |
|
|
Special /
Vocational |
1.727 |
-1.3% |
|
0.185 |
-5.6% |
157.1% |
|
Educational |
70.131 |
1.0% |
|
4.795 |
4.1% |
10.6% |
|
|
Courthouses |
1.904 |
-29.4% |
|
0.091 |
235.5% |
-76.7% |
|
|
Fire and Police Stations |
3.047 |
6.6% |
|
0.209 |
1.2% |
-1.1% |
|
|
Government Offices |
10.837 |
2.5% |
|
0.787 |
35.5% |
10.8% |
|
|
Prisons |
3.231 |
12.0% |
|
0.204 |
-27.0% |
19.4% |
|
Government |
19.019 |
0.0% |
|
1.292 |
18.1% |
-13.0% |
|
|
Industrial Labs / Labs / School
Labs |
3.033 |
1.3% |
|
0.201 |
358.8% |
-13.7% |
|
|
Manufacturing |
34.886 |
-5.1% |
|
2.627 |
125.3% |
-23.3% |
|
|
Warehouses |
20.209 |
-6.3% |
|
0.849 |
-48.9% |
40.6% |
|
Industrial |
58.128 |
-5.2% |
|
3.677 |
28.1% |
-13.7% |
|
|
Hospitals / Clinics |
16.009 |
-3.7% |
|
1.182 |
-47.2% |
-46.9% |
|
|
Medical Misc. |
10.666 |
-2.2% |
|
0.490 |
-53.3% |
-7.8% |
|
|
Nursing Homes |
10.319 |
-13.3% |
|
0.930 |
-28.9% |
23.0% |
|
Medical |
|
36.994 |
-6.2% |
|
2.602 |
-43.4% |
-26.0% |
|
Military |
|
5.562 |
16.5% |
|
0.257 |
53.0% |
-46.9% |
|
|
Hotels |
25.797 |
-9.9% |
|
1.319 |
-38.9% |
-21.2% |
|
|
Retail Misc. |
6.972 |
-9.0% |
|
0.375 |
-38.6% |
8.2% |
|
|
Shopping |
17.618 |
-11.9% |
|
0.958 |
-47.7% |
11.0% |
|
Retail |
|
50.387 |
-10.5% |
|
2.652 |
-42.4% |
-8.0% |
NON-RESIDENTIAL
BUILDING |
297.080 |
-5.9% |
|
18.030 |
-21.3% |
-13.5% |
|
|
Multi-Family |
88.710 |
-24.8% |
|
4.845 |
-39.3% |
-25.5% |
|
|
Single-Family |
201.060 |
0.6% |
|
13.090 |
-9.8% |
8.6% |
RESIDENTIAL |
|
289.770 |
-8.9% |
|
17.935 |
-20.3% |
-3.4% |
NON-RESIDENTIAL |
459.856 |
-1.2% |
|
27.814 |
-20.6% |
-6.7% |
GRAND
TOTAL |
|
749.626 |
-4.3% |
|
45.749 |
-20.5% |
-5.4% |
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 online product
Insight.
TABLE 3: VALUE OF UNITED STATES
NATIONAL CONSTRUCTION STARTS – JANUARY 2019 – CONSTRUCTCONNECT
Billions of current $s, not seasonally adjusted (NSA ata Source and Table: ConstructConnect.
TABLE 3: VALUE OF UNITED STATES
NATIONAL CONSTRUCTION STARTS – JANUARY 2019 – CONSTRUCTCONNECT
TABLE 3: VALUE OF UNITED STATES
NATIONAL CONSTRUCTION STARTS – JANUARY 2019 – 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 |
JAN |
|
NOV 18 |
DEC 18 |
JAN 19 |
NOV 18 |
DEC 18 |
JAN 19 |
NOV 18 |
DEC 18 |
JAN 19 |
2018 |
2019 |
|
|
|
|
|
|
|
|
|
|
|
|
Single Family |
13.276 |
12.054 |
13.090 |
15.488 |
13.942 |
12.807 |
16.831 |
16.755 |
16.637 |
14.509 |
13.090 |
month-over-month % change |
-19.5% |
-9.2% |
8.6% |
-9.3% |
-10.0% |
-8.1% |
-1.3% |
-0.4% |
-0.7% |
|
|
year-over-year % change |
-17.1% |
-7.0% |
-9.8% |
-7.3% |
-9.9% |
-11.6% |
1.1% |
0.6% |
-1.0% |
13.8% |
-9.8% |
Apartment |
6.311 |
6.504 |
4.845 |
7.218 |
6.982 |
5.887 |
7.376 |
7.392 |
7.131 |
7.984 |
4.845 |
month-over-month % change |
-22.4% |
3.1% |
-25.5% |
-6.6% |
-3.3% |
-15.7% |
-3.4% |
0.2% |
-3.5% |
|
|
year-over-year % change |
-33.2% |
3.1% |
-39.3% |
-24.0% |
-19.5% |
-25.6% |
-25.3% |
-24.8% |
-26.4% |
-18.1% |
-39.3% |
TOTAL RESIDENTIAL |
19.587 |
18.559 |
17.935 |
22.706 |
20.924 |
18.694 |
24.207 |
24.147 |
23.768 |
22.494 |
17.935 |
month-over-month % change |
-20.5% |
-5.2% |
-3.4% |
-8.4% |
-7.8% |
-10.7% |
-2.0% |
-0.2% |
-1.6% |
|
|
year-over-year % change |
-23.1% |
-3.7% |
-20.3% |
-13.4% |
-13.3% |
-16.6% |
-8.7% |
-8.9% |
-10.3% |
0.0% |
-20.3% |
Hotel/Motel |
1.800 |
1.674 |
1.319 |
2.055 |
1.869 |
1.598 |
2.122 |
2.150 |
2.080 |
2.160 |
1.319 |
month-over-month % change |
-15.6% |
-7.0% |
-21.2% |
4.3% |
-9.0% |
-14.5% |
-0.3% |
1.3% |
-3.3% |
|
|
year-over-year % change |
-3.8% |
24.8% |
-38.9% |
-6.7% |
0.8% |
-10.8% |
-11.3% |
-9.9% |
-14.6% |
35.2% |
-38.9% |
Retail |
1.066 |
0.863 |
0.958 |
1.251 |
1.003 |
0.962 |
1.491 |
1.468 |
1.395 |
1.832 |
0.958 |
month-over-month % change |
-1.1% |
-19.1% |
11.0% |
-10.1% |
-19.9% |
-4.0% |
-1.7% |
-1.5% |
-5.0% |
|
|
year-over-year % change |
-22.3% |
-24.2% |
-47.7% |
-17.6% |
-31.1% |
-33.5% |
-12.8% |
-11.9% |
-17.3% |
15.8% |
-47.7% |
Parking Garages |
0.381 |
0.305 |
0.231 |
0.221 |
0.285 |
0.306 |
0.251 |
0.230 |
0.232 |
0.214 |
0.231 |
month-over-month % change |
124.6% |
-19.8% |
-24.3% |
46.6% |
29.3% |
7.2% |
7.8% |
-8.2% |
0.6% |
|
|
year-over-year % change |
132.6% |
-44.7% |
7.9% |
-25.0% |
-31.0% |
-1.4% |
-5.2% |
-21.4% |
-22.1% |
34.1% |
7.9% |
Amusement |
0.648 |
0.634 |
0.475 |
0.865 |
0.823 |
0.585 |
0.717 |
0.698 |
0.668 |
0.832 |
0.475 |
month-over-month % change |
-45.4% |
-2.2% |
-25.1% |
8.5% |
-4.9% |
-28.8% |
3.4% |
-2.8% |
-4.3% |
|
|
year-over-year % change |
76.4% |
-27.2% |
-42.9% |
59.5% |
29.3% |
-15.1% |
15.6% |
6.6% |
-2.1% |
65.8% |
-42.9% |
Office |
1.342 |
2.150 |
0.618 |
1.796 |
2.005 |
1.370 |
2.302 |
2.376 |
2.224 |
2.438 |
0.618 |
month-over-month % change |
-46.8% |
60.2% |
-71.2% |
-5.2% |
11.6% |
-31.7% |
-3.6% |
3.2% |
-6.4% |
|
|
year-over-year % change |
-43.8% |
70.2% |
-74.6% |
-11.5% |
14.1% |
-32.5% |
-6.7% |
-1.6% |
-6.9% |
-11.5% |
-74.6% |
Governmental Offices |
0.907 |
0.710 |
0.787 |
1.043 |
0.856 |
0.802 |
0.889 |
0.903 |
0.920 |
0.581 |
0.787 |
month-over-month % change |
-4.7% |
-21.7% |
10.8% |
-5.7% |
-17.9% |
-6.4% |
2.7% |
1.6% |
1.9% |
|
|
year-over-year % change |
44.5% |
31.2% |
35.5% |
46.5% |
31.9% |
37.4% |
-6.7% |
2.5% |
8.1% |
-38.2% |
35.5% |
Laboratories |
0.175 |
0.233 |
0.201 |
0.242 |
0.204 |
0.203 |
0.261 |
0.253 |
0.266 |
0.044 |
0.201 |
month-over-month % change |
-13.6% |
33.1% |
-13.7% |
-5.1% |
-15.8% |
-0.2% |
0.1% |
-3.1% |
5.2% |
|
|
year-over-year % change |
1.8% |
-29.5% |
358.8% |
19.2% |
-16.1% |
11.5% |
11.2% |
1.3% |
9.3% |
-63.2% |
358.8% |
Warehouse |
1.822 |
0.604 |
0.849 |
1.804 |
1.361 |
1.091 |
1.735 |
1.684 |
1.616 |
1.660 |
0.849 |
month-over-month % change |
9.8% |
-66.9% |
40.6% |
3.8% |
-24.5% |
-19.8% |
2.4% |
-2.9% |
-4.0% |
|
|
year-over-year % change |
37.5% |
-50.1% |
-48.9% |
11.2% |
-3.3% |
-21.9% |
-2.7% |
-6.3% |
-10.9% |
13.7% |
-48.9% |
Misc Commercial |
0.710 |
0.416 |
1.143 |
0.632 |
0.560 |
0.756 |
1.212 |
1.028 |
1.027 |
1.149 |
1.143 |
month-over-month % change |
28.2% |
-41.3% |
174.4% |
22.3% |
-11.4% |
35.1% |
0.1% |
-15.2% |
-0.1% |
|
|
year-over-year % change |
2.5% |
-84.1% |
-0.6% |
-45.0% |
-68.8% |
-49.2% |
-15.9% |
-36.2% |
-35.3% |
-19.0% |
-0.6% |
TOTAL COMMERCIAL |
8.851 |
7.589 |
6.581 |
9.908 |
8.966 |
7.674 |
10.980 |
10.790 |
10.429 |
10.911 |
6.581 |
month-over-month % change |
-15.4% |
-14.3% |
-13.3% |
0.9% |
-9.5% |
-14.4% |
-0.1% |
-1.7% |
-3.3% |
|
|
year-over-year % change |
-1.5% |
-23.1% |
-39.7% |
-3.5% |
-12.2% |
-22.6% |
-7.5% |
-9.7% |
-13.0% |
3.6% |
-39.7% |
TOTAL INDUSTRIAL (Manufacturing) |
0.905 |
3.427 |
2.627 |
1.911 |
2.344 |
2.319 |
2.668 |
2.907 |
3.029 |
1.166 |
2.627 |
month-over-month % change |
-66.5% |
278.8% |
-23.3% |
-40.1% |
22.7% |
-1.1% |
-1.0% |
9.0% |
4.2% |
|
|
year-over-year % change |
-26.0% |
517.9% |
125.3% |
-70.6% |
-23.1% |
136.4% |
-15.2% |
-5.1% |
6.9% |
-70.3% |
125.3% |
Religious |
0.161 |
0.220 |
0.163 |
0.155 |
0.166 |
0.181 |
0.170 |
0.177 |
0.180 |
0.128 |
0.163 |
month-over-month % change |
39.2% |
37.0% |
-26.0% |
-2.6% |
6.6% |
9.6% |
2.4% |
3.9% |
1.6% |
|
|
year-over-year % change |
42.4% |
56.6% |
26.9% |
1.2% |
6.1% |
42.4% |
-9.5% |
-5.5% |
-2.0% |
-26.5% |
26.9% |
Hosptials/Clinics |
0.548 |
2.227 |
1.182 |
0.843 |
1.296 |
1.319 |
1.208 |
1.334 |
1.246 |
2.238 |
1.182 |
month-over-month % change |
-50.7% |
306.3% |
-46.9% |
-27.0% |
53.6% |
1.8% |
-2.9% |
10.4% |
-6.6% |
|
|
year-over-year % change |
-44.1% |
211.0% |
-47.2% |
-17.3% |
45.9% |
0.6% |
-13.4% |
-3.7% |
-13.5% |
41.6% |
-47.2% |
Nursing/Assisted Living |
0.759 |
0.756 |
0.930 |
0.863 |
0.852 |
0.815 |
0.871 |
0.860 |
0.828 |
1.307 |
0.930 |
month-over-month % change |
-27.1% |
-0.4% |
23.0% |
8.1% |
-1.3% |
-4.3% |
-3.8% |
-1.3% |
-3.7% |
|
|
year-over-year % change |
-35.2% |
-15.4% |
-28.9% |
-17.8% |
-17.5% |
-27.5% |
-11.6% |
-13.3% |
-21.9% |
166.3% |
-28.9% |
Libraries/Museums |
0.254 |
0.158 |
0.125 |
0.305 |
0.268 |
0.179 |
0.229 |
0.229 |
0.223 |
0.206 |
0.125 |
month-over-month % change |
-35.3% |
-37.8% |
-20.9% |
8.8% |
-12.1% |
-33.3% |
4.0% |
-0.1% |
-2.9% |
|
|
year-over-year % change |
70.5% |
-1.1% |
-39.2% |
34.3% |
53.8% |
4.4% |
-29.8% |
-23.2% |
-21.1% |
-48.9% |
-39.2% |
Police/Courthouse/Prison |
0.743 |
0.775 |
0.504 |
0.716 |
0.843 |
0.674 |
0.659 |
0.682 |
0.681 |
0.513 |
0.504 |
month-over-month % change |
-26.4% |
4.3% |
-34.9% |
-6.1% |
17.6% |
-20.0% |
3.7% |
3.5% |
-0.1% |
|
|
year-over-year % change |
61.7% |
55.9% |
-1.7% |
16.7% |
49.8% |
37.6% |
-6.0% |
-3.1% |
1.5% |
-43.1% |
-1.7% |
Military |
0.682 |
0.483 |
0.257 |
0.691 |
0.666 |
0.474 |
0.446 |
0.463 |
0.471 |
0.168 |
0.257 |
month-over-month % change |
-18.1% |
-29.2% |
-46.9% |
10.7% |
-3.5% |
-28.8% |
3.8% |
3.9% |
1.6% |
|
|
year-over-year % change |
40.7% |
75.3% |
53.0% |
8.4% |
33.8% |
53.2% |
16.1% |
16.5% |
21.4% |
-42.1% |
53.0% |
Schools/Colleges |
4.117 |
4.336 |
4.795 |
4.392 |
4.289 |
4.416 |
5.754 |
5.844 |
5.860 |
4.604 |
4.795 |
month-over-month % change |
-6.7% |
5.3% |
10.6% |
-13.9% |
-2.4% |
3.0% |
0.6% |
1.6% |
0.3% |
|
|
year-over-year % change |
10.7% |
33.4% |
4.1% |
1.0% |
9.2% |
14.5% |
-3.4% |
1.0% |
2.4% |
-14.4% |
4.1% |
Misc Government |
0.675 |
0.532 |
0.490 |
0.866 |
0.634 |
0.566 |
0.889 |
0.889 |
0.842 |
1.051 |
0.490 |
month-over-month % change |
-2.6% |
-21.2% |
-7.8% |
-2.1% |
-26.8% |
-10.7% |
-0.3% |
0.0% |
-5.3% |
|
|
year-over-year % change |
-4.9% |
-0.7% |
-53.3% |
8.2% |
-7.2% |
-26.1% |
-3.9% |
-2.2% |
-9.5% |
33.4% |
-53.3% |
TOTAL INSTITUTIONAL |
7.939 |
9.487 |
8.446 |
8.831 |
9.013 |
8.624 |
10.227 |
10.478 |
10.331 |
10.216 |
8.446 |
month-over-month % change |
-17.4% |
19.5% |
-11.0% |
-9.5% |
2.1% |
-4.3% |
0.1% |
2.5% |
-1.4% |
|
|
year-over-year % change |
2.0% |
46.7% |
-17.3% |
-0.2% |
13.7% |
5.7% |
-5.8% |
-1.7% |
-3.3% |
2.1% |
-17.3% |
Misc Non Residential |
0.488 |
0.347 |
0.375 |
0.563 |
0.496 |
0.403 |
0.588 |
0.581 |
0.561 |
0.611 |
0.375 |
month-over-month % change |
-25.3% |
-29.0% |
8.2% |
-0.7% |
-11.9% |
-18.7% |
-0.9% |
-1.2% |
-3.4% |
|
|
year-over-year % change |
-11.7% |
-19.1% |
-38.6% |
-11.0% |
-5.8% |
-24.0% |
-10.3% |
-9.0% |
-13.4% |
24.0% |
-38.6% |
TOTAL NONRES BUILDING |
18.183 |
20.849 |
18.030 |
21.213 |
20.819 |
19.021 |
24.462 |
24.757 |
24.351 |
22.904 |
18.030 |
month-over-month % change |
-22.4% |
14.7% |
-13.5% |
-9.1% |
-1.9% |
-8.6% |
-0.1% |
1.2% |
-1.6% |
|
|
year-over-year % change |
-1.9% |
20.4% |
-21.3% |
-19.2% |
-4.1% |
-2.9% |
-7.8% |
-5.9% |
-6.9% |
-8.2% |
-21.3% |
Airports |
0.385 |
0.326 |
0.499 |
0.658 |
0.570 |
0.403 |
0.593 |
0.602 |
0.562 |
0.978 |
0.499 |
month-over-month % change |
-61.5% |
-15.3% |
53.0% |
-10.9% |
-13.4% |
-29.2% |
0.0% |
1.6% |
-6.6% |
|
|
year-over-year % change |
-0.6% |
52.8% |
-49.0% |
-67.7% |
-9.7% |
-23.3% |
-44.3% |
-42.4% |
-49.2% |
326.7% |
-49.0% |
Roads/Highways |
4.200 |
3.519 |
3.734 |
4.338 |
4.021 |
3.818 |
5.208 |
5.299 |
5.295 |
3.778 |
3.734 |
month-over-month % change |
-3.3% |
-16.2% |
6.1% |
-15.3% |
-7.3% |
-5.0% |
2.6% |
1.7% |
-0.1% |
|
|
year-over-year % change |
59.0% |
45.0% |
-1.1% |
32.2% |
44.5% |
29.5% |
15.0% |
19.7% |
20.1% |
-5.3% |
-1.1% |
Bridges |
1.696 |
1.781 |
1.702 |
2.093 |
1.801 |
1.726 |
1.991 |
2.003 |
1.983 |
1.942 |
1.702 |
month-over-month % change |
-12.0% |
5.0% |
-4.4% |
5.2% |
-14.0% |
-4.1% |
1.9% |
0.6% |
-1.0% |
|
|
year-over-year % change |
35.6% |
9.3% |
-12.3% |
69.1% |
41.9% |
7.4% |
18.1% |
16.6% |
13.4% |
24.8% |
-12.3% |
Dams/Marine |
0.587 |
0.486 |
0.381 |
0.809 |
0.718 |
0.485 |
0.569 |
0.571 |
0.577 |
0.312 |
0.381 |
month-over-month % change |
-45.7% |
-17.3% |
-21.7% |
-0.7% |
-11.2% |
-32.6% |
-0.7% |
0.3% |
1.0% |
|
|
year-over-year % change |
-8.1% |
4.4% |
22.0% |
62.2% |
28.5% |
2.6% |
37.9% |
34.6% |
35.8% |
1.8% |
22.0% |
Water/Sewage |
2.008 |
2.002 |
2.732 |
2.111 |
2.137 |
2.247 |
2.432 |
2.454 |
2.443 |
2.866 |
2.732 |
month-over-month % change |
-16.4% |
-0.3% |
36.5% |
-1.9% |
1.2% |
5.2% |
0.9% |
0.9% |
-0.5% |
|
|
year-over-year % change |
14.1% |
15.7% |
-4.7% |
2.8% |
11.0% |
6.0% |
-11.9% |
-8.1% |
1.7% |
-52.8% |
-4.7% |
Misc Civil |
3.124 |
0.834 |
0.736 |
2.748 |
2.168 |
1.565 |
2.622 |
2.635 |
2.510 |
2.240 |
0.736 |
month-over-month % change |
22.7% |
-73.3% |
-11.8% |
38.6% |
-21.1% |
-27.8% |
-6.3% |
0.5% |
-4.8% |
|
|
year-over-year % change |
-40.2% |
22.9% |
-67.1% |
-26.5% |
-15.9% |
-42.3% |
18.6% |
20.0% |
8.3% |
187.6% |
-67.1% |
TOTAL ENGINEERING |
12.000 |
8.948 |
9.784 |
12.757 |
11.415 |
10.244 |
13.415 |
13.565 |
13.370 |
12.116 |
9.784 |
month-over-month % change |
-9.8% |
-25.4% |
9.3% |
-0.3% |
-10.5% |
-10.3% |
0.1% |
1.1% |
-1.4% |
|
|
year-over-year % change |
0.8% |
25.2% |
-19.2% |
-0.7% |
17.2% |
-1.4% |
6.0% |
8.7% |
7.7% |
-6.3% |
-19.2% |
GRAND TOTAL |
49.770 |
48.356 |
45.749 |
56.677 |
53.158 |
47.958 |
62.084 |
62.469 |
61.489 |
57.513 |
45.749 |
month-over-month % change |
-18.9% |
-2.8% |
-5.4% |
-7.0% |
-6.2% |
-9.8% |
-0.8% |
0.6% |
-1.6% |
|
|
year-over-year % change |
-11.0% |
10.6% |
-20.5% |
-13.2% |
-4.4% |
-8.5% |
-5.5% |
-4.3% |
-5.5% |
-4.8% |
-20.5% |
NONRES BLDG + ENGINEERING |
30.183 |
29.797 |
27.814 |
33.971 |
32.234 |
29.265 |
37.877 |
38.321 |
37.721 |
35.019 |
27.814 |
month-over-month % change |
-17.8% |
-1.3% |
-6.7% |
-6.0% |
-5.1% |
-9.2% |
-0.1% |
1.2% |
-1.6% |
|
|
year-over-year % change |
-0.9% |
21.8% |
-20.6% |
-13.1% |
2.5% |
-2.4% |
-3.3% |
-1.2% |
-2.2% |
-7.6% |
-20.6% |
Data Source and Table: ConstructConnect.
TABLE 2: VALUE OF UNITED STATES CONSTRUCTION STARTS CONSTRUCTCONNECT INSIGHT VERSION
– JANUARY 2019
Arranged to match the alphabetical category drop-down menus in INSIGHT
|
|
|
Previous Annual |
|
Latest Month |
|
|
|
|
|
|
|
% Change |
% Change |
|
|
|
2018 |
% Change |
|
January 19 |
Jan 19 vs |
Jan 19 vs |
|
|
|
($ billions) |
(18 vs 17) |
|
($ billions) |
Jan 18 |
Dec 18 |
|
|
|
|
|
|
|
|
|
Summary |
|
|
|
|
|
|
|
CIVIL |
|
|
162.777 |
8.7% |
|
9.784 |
-19.2% |
9.3% |
NON-RESIDENTIAL BUILDING |
297.080 |
-5.9% |
|
18.030 |
-21.3% |
-13.5% |
RESIDENTIAL |
|
289.770 |
-8.9% |
|
17.935 |
-20.3% |
-3.4% |
GRAND TOTAL |
|
749.626 |
-4.3% |
|
45.749 |
-20.5% |
-5.4% |
|
|
|
|
|
|
|
|
|
Verticals |
|
|
|
|
|
|
|
|
|
Airport |
7.227 |
-42.4% |
|
0.499 |
-49.0% |
53.0% |
|
|
All Other Civil |
24.199 |
54.9% |
|
0.600 |
-16.5% |
-3.2% |
|
|
Bridges |
24.040 |
16.6% |
|
1.702 |
-12.3% |
-4.4% |
|
|
Dams / Canals / Marine Work |
6.850 |
34.6% |
|
0.381 |
22.0% |
-21.7% |
|
|
Power Infrastructure |
7.423 |
-30.8% |
|
0.135 |
-91.1% |
-36.6% |
|
|
Roads |
63.584 |
19.7% |
|
3.734 |
-1.1% |
6.1% |
|
|
Water and Sewage Treatment |
29.453 |
-8.1% |
|
2.732 |
-4.7% |
36.5% |
CIVIL |
|
|
162.777 |
8.7% |
|
9.784 |
-19.2% |
9.3% |
|
|
Offices (private) |
28.514 |
-1.6% |
|
0.618 |
-74.6% |
-71.2% |
|
|
Parking Garages |
2.763 |
-21.4% |
|
0.231 |
7.9% |
-24.3% |
|
|
Transportation Terminals |
5.111 |
33.1% |
|
0.227 |
-49.2% |
136.8% |
|
Commercial (small subset) |
36.388 |
0.2% |
|
1.076 |
-65.3% |
-57.8% |
|
|
Amusement |
8.373 |
6.6% |
|
0.475 |
-42.9% |
-25.1% |
|
|
Libraries / Museums |
2.751 |
-23.2% |
|
0.125 |
-39.2% |
-20.9% |
|
|
Religious |
2.122 |
-5.5% |
|
0.163 |
26.9% |
-26.0% |
|
|
Sports Arenas / Convention Centers |
7.225 |
-53.4% |
|
0.916 |
30.3% |
185.6% |
|
Community |
20.471 |
-29.8% |
|
1.679 |
-10.2% |
26.0% |
|
|
College / University |
18.982 |
-14.8% |
|
1.575 |
-5.0% |
15.5% |
|
|
Elementary / Pre School |
19.201 |
1.7% |
|
0.982 |
-13.4% |
22.7% |
|
|
Jr / Sr High School |
30.221 |
13.8% |
|
2.052 |
26.9% |
-2.3% |
|
|
Special / Vocational |
1.727 |
-1.3% |
|
0.185 |
-5.6% |
157.1% |
|
Educational |
70.131 |
1.0% |
|
4.795 |
4.1% |
10.6% |
|
|
Courthouses |
1.904 |
-29.4% |
|
0.091 |
235.5% |
-76.7% |
|
|
Fire and Police Stations |
3.047 |
6.6% |
|
0.209 |
1.2% |
-1.1% |
|
|
Government Offices |
10.837 |
2.5% |
|
0.787 |
35.5% |
10.8% |
|
|
Prisons |
3.231 |
12.0% |
|
0.204 |
-27.0% |
19.4% |
|
Government |
19.019 |
0.0% |
|
1.292 |
18.1% |
-13.0% |
|
|
Industrial Labs / Labs / School Labs |
3.033 |
1.3% |
|
0.201 |
358.8% |
-13.7% |
|
|
Manufacturing |
34.886 |
-5.1% |
|
2.627 |
125.3% |
-23.3% |
|
|
Warehouses |
20.209 |
-6.3% |
|
0.849 |
-48.9% |
40.6% |
|
Industrial |
58.128 |
-5.2% |
|
3.677 |
28.1% |
-13.7% |
|
|
Hospitals / Clinics |
16.009 |
-3.7% |
|
1.182 |
-47.2% |
-46.9% |
|
|
Medical Misc. |
10.666 |
-2.2% |
|
0.490 |
-53.3% |
-7.8% |
|
|
Nursing Homes |
10.319 |
-13.3% |
|
0.930 |
-28.9% |
23.0% |
|
Medical |
|
36.994 |
-6.2% |
|
2.602 |
-43.4% |
-26.0% |
|
Military |
|
5.562 |
16.5% |
|
0.257 |
53.0% |
-46.9% |
|
|
Hotels |
25.797 |
-9.9% |
|
1.319 |
-38.9% |
-21.2% |
|
|
Retail Misc. |
6.972 |
-9.0% |
|
0.375 |
-38.6% |
8.2% |
|
|
Shopping |
17.618 |
-11.9% |
|
0.958 |
-47.7% |
11.0% |
|
Retail |
|
50.387 |
-10.5% |
|
2.652 |
-42.4% |
-8.0% |
NON-RESIDENTIAL BUILDING |
297.080 |
-5.9% |
|
18.030 |
-21.3% |
-13.5% |
|
|
Multi-Family |
88.710 |
-24.8% |
|
4.845 |
-39.3% |
-25.5% |
|
|
Single-Family |
201.060 |
0.6% |
|
13.090 |
-9.8% |
8.6% |
RESIDENTIAL |
|
289.770 |
-8.9% |
|
17.935 |
-20.3% |
-3.4% |
NON-RESIDENTIAL |
459.856 |
-1.2% |
|
27.814 |
-20.6% |
-6.7% |
GRAND TOTAL |
|
749.626 |
-4.3% |
|
45.749 |
-20.5% |
-5.4% |
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 online product Insight.
Source: ConstructConnect.
Table: ConstructConnect.
TABLE 4: U.S. YEAR-TO-DATE REGIONAL STARTS
NONRESIDENTIAL CONSTRUCTION* — CONSTRUCTCONNECT
|
Jan 2018 |
|
Jan 2019 |
|
% Change |
|
|
|
|
|
|
Connecticut |
$111,685,191 |
|
$167,001,580 |
|
49.5% |
Maine |
$54,130,318 |
|
$103,952,716 |
|
92.0% |
Massachusetts |
$645,056,508 |
|
$494,552,456 |
|
-23.3% |
New Hampshire |
$57,970,064 |
|
$224,415,510 |
|
287.1% |
Rhode Island |
$170,045,775 |
|
$39,531,624 |
|
-76.8% |
Vermont |
$45,258,756 |
|
$10,943,092 |
|
-75.8% |
Total New England |
$1,084,146,612 |
|
$1,040,396,978 |
|
-4.0% |
New Jersey |
$448,468,365 |
|
$394,786,321 |
|
-12.0% |
New York |
$1,591,843,326 |
|
$1,697,721,272 |
|
6.7% |
Pennsylvania |
$1,147,550,728 |
|
$1,511,454,582 |
|
31.7% |
Total Middle Atlantic |
$3,187,862,419 |
|
$3,603,962,175 |
|
13.1% |
TOTAL NORTHEAST |
$4,272,009,031 |
|
$4,644,359,153 |
|
8.7% |
Illinois |
$573,659,582 |
|
$609,382,121 |
|
6.2% |
Indiana |
$310,767,130 |
|
$458,178,905 |
|
47.4% |
Michigan |
$457,723,631 |
|
$346,312,777 |
|
-24.3% |
Ohio |
$1,802,892,324 |
|
$463,056,718 |
|
-74.3% |
Wisconsin |
$618,979,587 |
|
$853,739,308 |
|
37.9% |
Total East North Central |
$3,764,022,254 |
|
$2,730,669,829 |
|
-27.5% |
Iowa |
$245,717,021 |
|
$165,123,383 |
|
-32.8% |
Kansas |
$711,501,707 |
|
$305,068,664 |
|
-57.1% |
Minnesota |
$497,572,387 |
|
$255,744,757 |
|
-48.6% |
Missouri |
$932,454,273 |
|
$368,828,123 |
|
-60.4% |
Nebraska |
$107,734,180 |
|
$348,077,760 |
|
223.1% |
North Dakota |
$360,319,133 |
|
$49,950,482 |
|
-86.1% |
South Dakota |
$176,802,417 |
|
$65,425,998 |
|
-63.0% |
Total West North Central |
$3,032,101,118 |
|
$1,558,219,167 |
|
-48.6% |
TOTAL MIDWEST |
$6,796,123,372 |
|
$4,288,888,996 |
|
-36.9% |
Delaware |
$25,820,142 |
|
$54,124,635 |
|
109.6% |
District of Columbia |
$55,708,656 |
|
$70,000,000 |
|
25.7% |
Florida |
$2,146,860,485 |
|
$1,699,694,686 |
|
-20.8% |
Georgia |
$900,822,278 |
|
$500,524,409 |
|
-44.4% |
Maryland |
$1,082,831,503 |
|
$519,887,918 |
|
-52.0% |
North Carolina |
$1,063,437,620 |
|
$885,084,880 |
|
-16.8% |
South Carolina |
$717,370,481 |
|
$320,692,522 |
|
-55.3% |
Virginia |
$513,404,778 |
|
$780,745,768 |
|
52.1% |
West Virginia |
$75,171,168 |
|
$78,533,096 |
|
4.5% |
Total South Atlantic |
$6,581,427,111 |
|
$4,909,287,914 |
|
-25.4% |
Alabama |
$1,168,772,390 |
|
$656,240,853 |
|
-43.9% |
Kentucky |
$320,424,952 |
|
$217,137,473 |
|
-32.2% |
Mississippi |
$184,175,850 |
|
$142,291,150 |
|
-22.7% |
Tennessee |
$703,702,026 |
|
$648,066,523 |
|
-7.9% |
Total East South Central |
$2,377,075,218 |
|
$1,663,735,999 |
|
-30.0% |
Arkansas |
$333,283,458 |
|
$186,342,364 |
|
-44.1% |
Louisiana |
$1,349,697,549 |
|
$448,503,215 |
|
-66.8% |
Oklahoma |
$1,050,572,989 |
|
$341,921,410 |
|
-67.5% |
Texas |
$4,264,371,996 |
|
$4,987,835,018 |
|
17.0% |
Total West South Central |
$6,997,925,992 |
|
$5,964,602,007 |
|
-14.8% |
TOTAL SOUTH |
$15,956,428,321 |
|
$12,537,625,920 |
|
-21.4% |
Arizona |
$1,081,820,008 |
|
$552,853,291 |
|
-48.9% |
Colorado |
$443,230,507 |
|
$860,848,117 |
|
94.2% |
Idaho |
$90,735,740 |
|
$104,520,107 |
|
15.2% |
Montana |
$36,374,884 |
|
$26,061,358 |
|
-28.4% |
Nevada |
$333,055,485 |
|
$434,514,825 |
|
30.5% |
New Mexico |
$234,917,433 |
|
$93,997,856 |
|
-60.0% |
Utah |
$1,008,772,483 |
|
$160,750,818 |
|
-84.1% |
Wyoming |
$29,828,812 |
|
$35,641,119 |
|
19.5% |
Total Mountain |
$3,258,735,352 |
|
$2,269,187,491 |
|
-30.4% |
Alaska |
$143,734,449 |
|
$53,230,560 |
|
-63.0% |
California |
$3,375,677,020 |
|
$2,660,676,857 |
|
-21.2% |
Hawaii |
$199,122,291 |
|
$605,887,581 |
|
204.3% |
Oregon |
$301,362,568 |
|
$240,084,271 |
|
-20.3% |
Washington |
$716,186,770 |
|
$514,234,913 |
|
-28.2% |
Total Pacific |
$4,736,083,098 |
|
$4,074,114,182 |
|
-14.0% |
TOTAL WEST |
$7,994,818,450 |
|
$6,343,301,673 |
|
-20.7% |
TOTAL U.S. |
$35,019,379,174 |
|
$27,814,175,742 |
|
-20.6% |
*Figures above are comprised of nonres building and engineering (i.e., residential is omitted).
Data Source and Table: ConstructConnect.
Click here to download the Construction Industry Snapshot Package – January 2019 PDF.
Related
Category: ConstructConnect
This entry was posted
on Wednesday, February 13th, 2019 at 3:22 pm.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
|
|