Posts Tagged ‘build’
Monday, May 22nd, 2017
Article source: ConstructConnect
The accompanying table records the top 10 project starts in the U.S. for April 2017.
There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when jobsite work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.
Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.
(more…)
Tags: Alex Carrick, architect, build, ConstructConnect, Construction, Economics, Economist
Comments Off on Top 10 Project Starts in the U.S. – April 2017
Thursday, May 18th, 2017
Article source: ConstructConnect
Clichés are often true and it is the case that a picture can be worth a thousand words.
Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.
When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.
String a couple of similar positive or negative directional changes together over several months and one has a trend.
And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work. (more…)
Tags: Alex Carrick, build, Connect, construct, ConstructConnect, Construction, Economics, Economist
Comments Off on Nonresidential Construction Starts Trend Graphs – April 2017
Tuesday, May 16th, 2017
Article source: ConstructConnect
ConstructConnect announced today that its April construction starts, excluding residential activity, were -7% versus March. The usual seasonal pattern is for a 12% increase month to month at this time of year, as blustery winter mellows into gentler spring.
 April of this year compared with average April results over the prior five years, 2012-2016, was +17.6%. Year-to-date starts so far in 2017 have been -2% compared with the same first four months of last year.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.
(more…)
Tags: Alex Carrick, architect, build, Connect, construct, ConstructConnect, Economics, Economist
Comments Off on ConstructConnect’s YTD Starts -2% after April Softens -7%
Monday, April 24th, 2017
Article source: ConstructConnect
Clichés are often true and it is the case that a picture can be worth a thousand words.
Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.
When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.
String a couple of similar positive or negative directional changes together over several months and one has a trend.
And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.
U.S. Nonresidential Construction Starts ‒ ConstructConnect
(12-month moving averages)
Source and Chart: ConstructConnect.
U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect
(12-month moving averages)
(more…)
Tags: Alex Carrick, architect, build, construct, ConstructConnect, Economic, Economist
Comments Off on Nonresidential Construction Starts Trend Graphs – March 2017
Friday, April 21st, 2017
Article source: ConstructConnect
The accompanying table records the top 10 project starts in the U.S. for March 2017.
(more…)
Tags: Alex Carrick, architect, build, construct, ConstructConnect, Economic, Economist, house, Industry, job, nonresidential, residential
Comments Off on Top 10 Project Starts in the U.S. – March 2017
Wednesday, April 19th, 2017
Article source: ConstructConnect
ConstructConnect announced today that March construction starts, excluding residential activity, were +17.8 versus February. The long-term February-to-March advance, due to seasonality, has been only +2.5%. It’s usually not until April that more accommodating weather causes a big lift in volume of about +12.0%. Spring has apparently come early for groundbreakings this year.
2017-04-18-US-Nonresidential-Construction-Starts-Mar-2017
March 2017 versus what was an exceptionally buoyant March 2016 did not fare as well, -5.9%. And year-to-date starts (Q1 2017) have been -5.1% versus January-to-March of last year.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.
‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s February report was 60%; the latter’s was 40%.
ConstructConnect’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series. Also, the reporting period for starts (i.e., March 2017) is one month ahead of the reporting period for the investment series (i.e., February 2017.)
View this information as an infographic.
(more…)
Tags: AEC, Alex Carrick, alexcarrick, architect, build, construct, ConstructConnect, Economic, Economist, Housing, job
Comments Off on Springy Bounce in ConstructConnect’s March Starts, +18%
Thursday, March 23rd, 2017
Article source: ConstructConnect
ConstructConnect announced today that February starts, excluding residential activity, nearly held their own versus an upwardly revised January. The latest month’s level of $26.2 billion was only -1.7% compared with the volume in the month before.
Throughout the long-term history of the starts, there has been a typical drop – due to weather-related factors − of -2.5% between January and February. Harsh conditions in winter can put a halt to field work. February, however, is the last in a string of months during which starts tend to decline period-to-period on account of seasonality. From March through July, the tendency is for starts to pick up from one month to the next.
Starts in February 2017 versus what was an exceptionally strong February 2016 were -9.2%. Year-to-date starts in 2017 compared with January-to-February of last year were -7.5%.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.
‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s January report was 60%; the latter’s was 40%.
(more…)
Tags: Alex Carrick, architect, build, Connect, construct, ConstructConnect, Economist
Comments Off on ConstructConnect’s -2% February Starts Almost Hold Their Ground
Monday, March 13th, 2017
Article source: ConstructConnect
Further big improvements in America’s labor market statistics at the beginning of this year – with net new jobs creation climbing by almost half a million (+473,000) and the unemployment rate falling to a tight 4.7% − have convinced many analysts that the Federal Reserve will be acting quite aggressively in 2017 to hike interest rates. Where before there was an expectation that the federal funds rate would be lifted two or three times through December, by 25 basis points on each occasion (with 100 basis points equaling 1.00%), the consensus now is for an upward adjustment more frequently, either three or four times.
The Fed is probably hoping to attain, in easy-to-absorb stages over this year and next, a key policy-setting rate close to 3.00%. Nor are stock markets viewing such a prospect with anything like the same amount of dread as in the not so distant past. Share prices have been on a roll that has taken them to all-time highs.
Canada’s most recent employment report had a bottom line figure that wasn’t particularly outstanding (i.e., net new jobs of +15,000 in February), but included in the detail was an impressive increase in full-time staffing (+105,000), with most of the gain (+84,000) coming among what are termed ‘core-aged’ women (i.e., females 25-to-54 years of age).
(more…)
Tags: Alex Carrick, architect, bank, build, Canada, construct, ConstructConnect, Construction, Economic, employment, home, house, job, market, PMI, US
Comments Off on A Dozen Mid-March Economic Nuggets
Thursday, September 1st, 2016
Article source: ConstructConnect
Table 1 accompanying this article sets out U.S. price movements for numerous construction materials from a variety of time markers in the past to the present (i.e., July 2016).
The data comes from the Producer Price Index (PPI) series calculated and published by the Bureau of Labor Statistics (BLS).
Graphs showing the history of the behind-the-scenes index figures on which the percentage changes in Table 1 are based also appear below.
Some of Table 1’s most significant shifts have been as follows.
The charge for softwood lumber in July of this year was +7.8% compared with six months earlier, but it was a more modest +3.0% when set next to July of 2015.
(more…)
Tags: Alex Carrick, architect, build, ConstructConnect, Construction, Economic, Economist, material, resources
Comments Off on With Few Exceptions, U.S. Construction Material Costs Continue to Speak Softly
Thursday, August 18th, 2016
Article source: ConstructConnect
The accompanying table records the 10 largest construction project starts in the U.S. in July 2016.
There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.
Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.
(more…)
Tags: Alex Carrick, architect, build, construct, ConstructConnect, Economic, Economist, Project
Comments Off on Top 10 Largest Construction Project Starts in the U.S. – July 2016
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