ConstructConnect announced today that May’s volume of construction starts, excluding residential activity, was $50.9 billion — a month-to-month change of +14.1%. The historical ‘seasonality’ improvement from April to May has been +8%. But it wasn’t the balmier time of year that drove May’s starts upward. Rather, the latest month was boosted by big hotel and manufacturing projects. Foxconn Technology’s $10 billion project in Wisconsin was a standout.
May of this year versus the same month of last year was +12.5%. May of this year versus the five-year average for May, from 2013 through 2017, was ahead by more than half, +51%.
Starts early in 2018 were at a disadvantage vis-à-vis last year due to the exceptional strength that was evident in the first quarter of 2017. With each new month, however, the year-to-date comparison has been improving. Whereas year-to-date March 2018 was -22% relative to the same time frame in 2017, year-to-date April 2018 was -15% and year-to-date May 2018, -8%.
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 April report was 56%; the latter’s share was 44%.
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., May 2018) is one month ahead of the reporting period for the investment series (i.e., April 2018.)
May 2018’s Employment Situation report from the Bureau of Labor Statistics (BLS) records a +25,000-jobs gain in construction employment in the latest month. 2018’s average monthly pickup in construction employment has been +28,000, more than one-third (+35%) greater than January-to-May 2017’s average monthly climb of +20,000. The unemployment rate among construction workers has fallen to only 4.4%. In April, it had been 6.5%; in May 2017, 5.3%.
For total U.S. jobs, the year-over-year percentage change in May was +1.6%; for ‘services’ jobs, +1.7%; and for manufacturing, +2.1%. The construction sector performed much better, at +4.1%. Within ‘hard hat’ work, residential was out front, +5.9%, with nonres building, +2.5%, and civil, +1.7%, playing catch-up. In other segments of the economy with close ties to construction, May 2018’s year-over-year jobs performances were: ‘real estate’, +2.3%; ‘architectural and engineering services’, +2.5%; ‘building material stores’, +4.2%; and ‘oil and gas extraction’, also +4.2%.
The +14.1% hike in total nonresidential starts month to month (m/m) in May was mainly due to a dramatic surge in industrial strts (+1148.1%), with commercial also perkier (+12.7%), but to a far less degree. Industrial’s spark came from one mega-sized project (Foxconn) and one plus-sized project (Ford) in manufacturing (see Top 10 list on page 4). Institutional (-8.0%) and heavy engineering starts (-25.4%) were both down in May on a latest-month versus prior-month basis.
The +12.5% upward jog in total nonresidential starts in May 2018 relative to May 2017 (y/y) was again primarily thanks to industrial work (+641.4%), with engineering (+8.6%) playing a role as well. Commercial (-5.5%) and institutional (-27.6%) failed to make forward progress.
As for the January-to-May 2018 versus January-to-May 2017 (ytd) decline in total nonres starts of -8.0%, the culprits were commercial (-24.3%) and institutional (-16.3%). Providing a helping hand in the opposite direction were heavy engineering (+9.4%) and industrial (+33.2%).
The subcategory accounting for the largest share of commercial starts so far this year has been ‘hotels/motels’ (a 24% slice). In May, groundbreakings on travelers’ accommodations were: +143.7% m/m; and +121.7% y/y; but -15.2% ytd. Claiming second spot with respect to prominence (a 20% share) within commercial to date this year has been the ‘private office’ designation, although its numbers have been bleak: -66.5% m/m; -64.3% y/y; and -30.4% ytd.
More than half (57%) of institutional to date in 2018 has originated in ‘schools/colleges’, although such work has been faltering: -5.5% m/m; -27.8% y/y; and -12.2% ytd. The runner-up subcategory for share within institutional has been ‘hospitals/clinics’ (13%), but its health has been under the weather too: -32.5% m/m; -44.1% y/y; and -27.2% ytd. ‘Nursing/assisted living’ starts (a 9% share) have also been negative, but less so: -2.1% m/m; -10.5% y/y; and -3.8% ytd.
The ‘road/highway’ subcategory (a 37% share) has been dominant within engineering starts through May in 2018. Such street starts have been: -4.0% m/m; but +10.6% y/y; and +7.5% ytd. Second most important in engineering starts has been the ‘miscellaneous civil’ subcategory (a 24% share). Power and pipeline projects in May were: -8.1% m/m; but +23.8% y/y; and +105.4% ytd.
‘Water/sewage’ starts (19% of civil) in the latest month were +9.3% m/m and +26.6% y/y, but -16.1% ytd and bridge starts (a 13% share) were -13.2% m/m; -11.1% y/y and -8.7% ytd.
The six graphs show 12-month moving average trend lines of starts for many of the major type-of-construction subcategories. The charts highlight the downturns of late for ‘retail’, ‘private office buildings’, ‘schools/colleges’ and ‘hospitals/clinics’. Offering encouragement, though, have been recent upturns by ‘roads/highways’, ‘water/sewage’ and ‘miscellaneous civil’.
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 non-supervisory personnel’ only (i.e., it excludes bosses). For ‘all jobs’ and construction, there are eight relevant percentage changes to consider.
From Table B-3, the annual compensation increases in May 2018 for ‘all jobs’ nationally were +2.7% hourly and +3.0% weekly. Workers in construction experienced earnings headway that was faster, +3.2% hourly and +4.3% weekly. From the more narrowly focused Table B-8 (i.e., excluding bosses), the ‘all jobs’ increases were +2.8% hourly and +3.4% weekly. Once again, employees on construction sites enjoyed pay check increases that were speedier: +3.6% hourly and +4.7% weekly. With respect to concerns about inflation potentially heating up due to input cost increases, it’s worth noting that labor charges have mostly moved above +3.0% y/y.
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 – May 2018 PDF.
Click here for the Top 10 Project Starts in the U.S. – May 2018.
Click here for the Nonresidential Construction Starts Trend Graphs – May 2018.
TABLE 1: VALUE OF UNITED STATES
CONSTRUCTION STARTS – MAY 2018
(CONSTRUCTCONNECT)
| % Change | % Change | % Change | ||||
| Jan-MAY 18 | Jan-MAY 18 vs | MAY 18 vs | MAY 18 vs | |||
| ($ billions) | Jan-MAY 17 | MAY 17 | APR 18 | |||
| Hotel/Motel | 12.402 | -15.2% | 121.7% | 143.7% | ||
| Retail | 7.337 | -16.2% | -18.2% | -9.0% | ||
| Parking Garage | 1.220 | -30.7% | 4.7% | 99.1% | ||
| Amusement | 3.176 | 3.9% | 2.4% | 19.1% | ||
| Private Office | 10.751 | -30.4% | -64.3% | -66.5% | ||
| Government Office | 3.944 | -12.5% | 16.0% | 10.7% | ||
| Laboratory | 0.969 | -24.9% | -27.3% | 3.0% | ||
| Warehouse | 7.278 | -19.4% | 40.4% | 68.2% | ||
| Miscellaneous Commercial | 5.382 | -50.4% | -75.1% | -60.6% | ||
| COMMERCIAL | 52.460 | -24.3% | -5.5% | 12.7% | ||
| INDUSTRIAL (Manufacturing) | 15.676 | 33.2% | 641.4% | 1148.1% | ||
| Religious | 0.752 | -22.6% | -5.3% | 12.8% | ||
| Hospital/Clinic | 6.369 | -27.2% | -44.1% | -32.5% | ||
| Nursing/Assisted Living | 4.478 | -3.8% | -10.5% | -2.1% | ||
| Library/Museum | 1.167 | -26.7% | -2.2% | 71.3% | ||
| Police/Courthouse/Prison | 2.748 | -36.7% | -4.3% | -26.7% | ||
| Military | 2.026 | 33.5% | 46.4% | 313.9% | ||
| School/College | 28.014 | -12.2% | -27.8% | -5.5% | ||
| Miscellaneous Government | 3.398 | -28.4% | -71.5% | -64.2% | ||
| INSTITUTIONAL | 48.951 | -16.3% | -27.6% | -8.0% | ||
| Miscellaneous Nonresidential | 2.790 | -12.5% | -41.7% | -4.8% | ||
| NONRESIDENTIAL BUILDING | 119.878 | -16.0% | 14.1% | 43.5% | ||
| Airport | 3.200 | -28.0% | -27.4% | 11.3% | ||
| Road/Highway | 26.774 | 7.5% | 10.6% | -4.0% | ||
| Bridge | 9.439 | -8.7% | -11.1% | -13.2% | ||
| Dam/Marine | 2.126 | 11.2% | -3.5% | -15.6% | ||
| Water/Sewage | 13.812 | -16.1% | 26.6% | 9.3% | ||
| Miscellaneous Civil | 17.420 | 105.4% | 23.8% | -81.1% | ||
| HEAVY ENGINEERING | 72.771 | 9.4% | 8.6% | -25.4% | ||
| TOTAL NONRESIDENTIAL | 192.649 | -8.0% | 12.5% | 14.1% |
Source: ConstructConnect Research Group and ConstructConnect.
Table: ConstructConnect.
TABLE 2: VALUE OF UNITED STATES
CONSTRUCTION STARTS
CONSTRUCTCONNECT INSIGHT VERSION – MAY 2018
Arranged to match the alphabetical category drop-down menus in INSIGHT
| % Change | % Change | % Change | ||||||
| Jan-May 18 | Jan-May 18 vs | May 18 vs | May 18 vs | |||||
| ($ billions) | Jan-May 17 | May 17 | Apr 18 | |||||
| Summary | ||||||||
| CIVIL | 72.771 | 9.4% | 8.6% | -25.4% | ||||
| NONRESIDENTIAL BUILDING | 119.878 | -16.0% | 14.1% | 43.5% | ||||
| RESIDENTIAL | 120.281 | -8.1% | -4.1% | -7.6% | ||||
| GRAND TOTAL | 312.931 | -8.0% | 6.3% | 5.7% | ||||
| Verticals | ||||||||
| Airport | 3.200 | -28.0% | -27.4% | 11.3% | ||||
| All Other Civil | 12.829 | 175.4% | 12.8% | -84.6% | ||||
| Bridges | 9.439 | -8.7% | -11.1% | -13.2% | ||||
| Dams / Canals / Marine Work | 2.126 | 11.2% | -3.5% | -15.6% | ||||
| Power Infrastructure | 4.592 | 20.1% | 63.1% | -56.8% | ||||
| Roads | 26.774 | 7.5% | 10.6% | -4.0% | ||||
| Water and Sewage Treatment | 13.812 | -16.1% | 26.6% | 9.3% | ||||
| CIVIL | 72.771 | 9.4% | 8.6% | -25.4% | ||||
| Offices (private) | 10.751 | -30.4% | -64.3% | -66.5% | ||||
| Parking Garages | 1.220 | -30.7% | 4.7% | 99.1% | ||||
| Transportation Terminals | 3.219 | 52.5% | 63.4% | -76.5% | ||||
| Commercial (small subset) | 15.190 | -21.4% | -41.2% | -61.2% | ||||
| Amusement | 3.176 | 3.9% | 2.4% | 19.1% | ||||
| Libraries / Museums | 1.167 | -26.7% | -2.2% | 71.3% | ||||
| Religious | 0.752 | -22.6% | -5.3% | 12.8% | ||||
| Sports Arenas / Convention Centers | 2.162 | -75.3% | -85.7% | -4.4% | ||||
| Community | 7.257 | -49.5% | -62.6% | 17.2% | ||||
| College / University | 7.599 | -34.4% | -52.8% | -13.5% | ||||
| Elementary / Pre School | 8.302 | 1.0% | -15.3% | 3.0% | ||||
| Jr / Sr High School | 11.415 | 0.1% | -11.9% | -6.8% | ||||
| Special / Vocational | 0.697 | -0.4% | -54.3% | -13.6% | ||||
| Educational | 28.014 | -12.2% | -27.8% | -5.5% | ||||
| Courthouses | 0.383 | -80.0% | 55.7% | 18.6% | ||||
| Fire and Police Stations | 1.113 | -7.2% | -36.3% | 5.2% | ||||
| Government Offices | 3.944 | -12.5% | 16.0% | 10.7% | ||||
| Prisons | 1.252 | 2.0% | 71.9% | -53.5% | ||||
| Government | 6.693 | -24.4% | 7.6% | -6.8% | ||||
| Industrial Labs / Labs / School Labs | 0.969 | -24.9% | -27.3% | 3.0% | ||||
| Manufacturing | 15.676 | 33.2% | 641.4% | 1148.1% | ||||
| Warehouses | 7.278 | -19.4% | 40.4% | 68.2% | ||||
| Industrial | 23.923 | 8.3% | 293.7% | 449.2% | ||||
| Hospitals / Clinics | 6.369 | -27.2% | -44.1% | -32.5% | ||||
| Medical Misc. | 3.398 | -28.4% | -71.5% | -64.2% | ||||
| Nursing Homes | 4.478 | -3.8% | -10.5% | -2.1% | ||||
| Medical | 14.244 | -21.5% | -44.1% | -33.4% | ||||
| Military | 2.026 | 33.5% | 46.4% | 313.9% | ||||
| Hotels | 12.402 | -15.2% | 121.7% | 143.7% | ||||
| Retail Misc. | 2.790 | -12.5% | -41.7% | -4.8% | ||||
| Shopping | 7.337 | -16.2% | -18.2% | -9.0% | ||||
| Retail | 22.530 | -15.2% | 42.9% | 68.6% | ||||
| NONRESIDENTIAL BUILDING | 119.878 | -16.0% | 14.1% | 43.5% | ||||
| Multi-Family | 32.014 | -37.0% | -33.7% | -19.8% | ||||
| Single-Family | 88.267 | 10.1% | 10.0% | -3.3% | ||||
| RESIDENTIAL | 120.281 | -8.1% | -4.1% | -7.6% | ||||
| NONRESIDENTIAL | 192.649 | -8.0% | 12.5% | 14.1% | ||||
| GRAND TOTAL | 312.931 | -8.0% | 6.3% | 5.7% | ||||
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 – MAY 2018 – 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-MAY | JAN-MAY | ||||||||
| MAR 18 | APR 18 | MAY 18 | MAR 18 | APR 18 | MAY 18 | MAR 18 | APR 18 | MAY 18 | 2017 | 2018 | |
| Single Family | 17.875 | 20.827 | 20.135 | 15.768 | 17.935 | 19.612 | 16.988 | 17.188 | 17.340 | 80.134 | 88.267 |
| month-over-month % change | 18.4% | 16.5% | -3.3% | 11.6% | 13.7% | 9.4% | 0.6% | 1.2% | 0.9% | ||
| year-over-year % change | 7.8% | 13.1% | 10.0% | 9.0% | 9.6% | 10.4% | 8.0% | 8.6% | 8.7% | 6.2% | 10.1% |
| Apartment | 6.123 | 7.202 | 5.775 | 6.346 | 6.121 | 6.366 | 8.660 | 8.396 | 8.151 | 50.813 | 32.014 |
| month-over-month % change | 21.5% | 17.6% | -19.8% | 0.8% | -3.5% | 4.0% | -5.8% | -3.1% | -2.9% | ||
| year-over-year % change | -51.1% | -30.6% | -33.7% | -40.0% | -43.2% | -39.6% | 5.4% | 0.7% | -3.4% | 39.1% | -37.0% |
| TOTAL RESIDENTIAL | 23.998 | 28.029 | 25.910 | 22.114 | 24.056 | 25.979 | 25.648 | 25.584 | 25.491 | 130.947 | 120.281 |
| month-over-month % change | 19.1% | 16.8% | -7.6% | 8.3% | 8.8% | 8.0% | -1.6% | -0.3% | -0.4% | ||
| year-over-year % change | -17.5% | -2.7% | -4.1% | -11.7% | -11.4% | -8.2% | 7.1% | 5.9% | 4.5% | 17.0% | -8.1% |
| Hotel/Motel | 1.285 | 2.171 | 5.292 | 1.647 | 1.660 | 2.916 | 2.056 | 1.947 | 2.189 | 14.628 | 12.402 |
| month-over-month % change | -15.7% | 69.0% | 143.7% | 2.4% | 0.8% | 75.7% | -11.4% | -5.3% | 12.4% | ||
| year-over-year % change | -71.2% | -37.7% | 121.7% | -43.6% | -53.2% | -15.4% | -1.6% | -11.9% | -3.4% | 90.4% | -15.2% |
| Retail | 1.648 | 1.526 | 1.389 | 1.474 | 1.410 | 1.521 | 1.579 | 1.560 | 1.534 | 8.753 | 7.337 |
| month-over-month % change | 55.9% | -7.4% | -9.0% | 13.6% | -4.3% | 7.9% | 0.1% | -1.2% | -1.7% | ||
| year-over-year % change | 1.6% | -13.0% | -18.2% | -16.6% | -22.7% | -10.1% | -40.4% | -37.5% | -35.5% | -43.6% | -16.2% |
| Parking Garages | 0.160 | 0.247 | 0.491 | 0.161 | 0.169 | 0.299 | 0.273 | 0.246 | 0.248 | 1.760 | 1.220 |
| month-over-month % change | 57.8% | 54.6% | 99.1% | -44.9% | 5.2% | 76.9% | -8.7% | -9.8% | 0.7% | ||
| year-over-year % change | -66.2% | -56.6% | 4.7% | -33.3% | -55.2% | -40.6% | -33.9% | -34.1% | -28.8% | -17.3% | -30.7% |
| Amusement | 0.592 | 0.614 | 0.731 | 0.610 | 0.563 | 0.646 | 0.664 | 0.662 | 0.663 | 3.056 | 3.176 |
| month-over-month % change | 22.9% | 3.6% | 19.1% | -13.0% | -7.8% | 14.8% | -0.2% | -0.4% | 0.2% | ||
| year-over-year % change | -2.5% | -5.5% | 2.4% | 8.2% | -8.2% | -1.7% | 18.8% | 16.8% | 14.2% | 19.6% | 3.9% |
| Office | 1.259 | 2.253 | 0.754 | 2.581 | 2.633 | 1.422 | 2.130 | 2.133 | 2.020 | 15.446 | 10.751 |
| month-over-month % change | -71.3% | 79.0% | -66.5% | 2.8% | 2.0% | -46.0% | -5.2% | 0.2% | -5.3% | ||
| year-over-year % change | -52.7% | 1.9% | -64.3% | -30.4% | -25.4% | -38.9% | -12.8% | -13.5% | -18.5% | 31.3% | -30.4% |
| Governmental Offices | 0.557 | 0.954 | 1.055 | 0.645 | 0.773 | 0.855 | 0.809 | 0.814 | 0.826 | 4.507 | 3.944 |
| month-over-month % change | -31.2% | 71.3% | 10.7% | 4.6% | 19.8% | 10.6% | -7.1% | 0.6% | 1.5% | ||
| year-over-year % change | -57.3% | 6.0% | 16.0% | -28.2% | -12.7% | -17.6% | -22.8% | -21.2% | -19.9% | -14.1% | -12.5% |
| Laboratories | 0.347 | 0.269 | 0.277 | 0.141 | 0.216 | 0.298 | 0.236 | 0.225 | 0.216 | 1.290 | 0.969 |
| month-over-month % change | 977.9% | -22.6% | 3.0% | 13.9% | 53.2% | 37.8% | 5.3% | -5.0% | -3.8% | ||
| year-over-year % change | 70.6% | -34.5% | -27.3% | -15.1% | -17.9% | -10.2% | 48.6% | 21.6% | 19.2% | -57.5% | -24.9% |
| Warehouse | 1.073 | 1.385 | 2.330 | 1.188 | 1.207 | 1.596 | 1.590 | 1.554 | 1.610 | 9.027 | 7.278 |
| month-over-month % change | -7.7% | 29.1% | 68.2% | -2.1% | 1.6% | 32.2% | -6.4% | -2.3% | 3.6% | ||
| year-over-year % change | -54.7% | -23.8% | 40.4% | -35.8% | -38.7% | -18.1% | 9.3% | 2.4% | 5.8% | 62.3% | -19.4% |
| Misc Commercial | 0.901 | 2.324 | 0.916 | 0.714 | 1.132 | 1.380 | 1.395 | 1.387 | 1.158 | 10.856 | 5.382 |
| month-over-month % change | 426.0% | 158.0% | -60.6% | -44.8% | 58.5% | 21.9% | -9.5% | -0.6% | -16.6% | ||
| year-over-year % change | -66.2% | -3.8% | -75.1% | -55.1% | -41.1% | -52.7% | 28.5% | 17.3% | -17.5% | 63.3% | -50.4% |
| TOTAL COMMERCIAL | 7.820 | 11.743 | 13.235 | 9.161 | 9.762 | 10.933 | 10.733 | 10.527 | 10.463 | 69.323 | 52.460 |
| month-over-month % change | -19.6% | 50.2% | 12.7% | -5.2% | 6.6% | 12.0% | -6.2% | -1.9% | -0.6% | ||
| year-over-year % change | -52.2% | -17.4% | -5.5% | -33.1% | -34.6% | -26.4% | -9.8% | -12.5% | -14.1% | 15.2% | -24.3% |
| TOTAL INDUSTRIAL (Manufacturing) | 0.867 | 0.927 | 11.567 | 1.061 | 1.090 | 4.454 | 1.799 | 1.703 | 2.537 | 11.767 | 15.676 |
| month-over-month % change | -41.3% | 7.0% | 1148.1% | 14.8% | 2.7% | 308.8% | -10.3% | -5.3% | 49.0% | ||
| year-over-year % change | -74.2% | -55.3% | 641.4% | -60.9% | -48.0% | 91.2% | -12.0% | 10.4% | 61.3% | -10.1% | 33.2% |
| Religious | 0.172 | 0.168 | 0.189 | 0.132 | 0.146 | 0.176 | 0.181 | 0.169 | 0.168 | 0.971 | 0.752 |
| month-over-month % change | 72.4% | -2.4% | 12.8% | 8.5% | 11.0% | 20.4% | 1.3% | -6.6% | -0.5% | ||
| year-over-year % change | 20.2% | -46.3% | -5.3% | -13.9% | -26.5% | -19.3% | 20.1% | 2.5% | 1.6% | 34.4% | -22.6% |
| Hosptials/Clinics | 0.486 | 1.720 | 1.161 | 1.163 | 1.054 | 1.122 | 1.269 | 1.246 | 1.170 | 8.748 | 6.369 |
| month-over-month % change | -49.2% | 253.7% | -32.5% | -4.8% | -9.3% | 6.5% | -7.6% | -1.8% | -6.1% | ||
| year-over-year % change | -71.9% | -13.5% | -44.1% | -25.5% | -37.9% | -41.9% | -26.6% | -28.3% | -34.5% | 0.1% | -27.2% |
| Nursing/Assisted Living | 0.618 | 0.945 | 0.926 | 0.869 | 0.741 | 0.830 | 1.014 | 0.980 | 0.971 | 4.655 | 4.478 |
| month-over-month % change | -6.3% | 52.9% | -2.1% | -8.5% | -14.7% | 11.9% | -0.6% | -3.4% | -0.9% | ||
| year-over-year % change | -11.3% | -30.7% | -10.5% | 15.4% | -28.9% | -19.6% | 25.6% | 15.6% | 14.6% | 10.2% | -3.8% |
| Libraries/Museums | 0.138 | 0.196 | 0.335 | 0.212 | 0.158 | 0.223 | 0.274 | 0.263 | 0.263 | 1.591 | 1.167 |
| month-over-month % change | -3.1% | 42.0% | 71.3% | -3.9% | -25.3% | 40.6% | -8.8% | -3.9% | -0.2% | ||
| year-over-year % change | -69.7% | -39.4% | -2.2% | -31.3% | -43.8% | -40.3% | -4.1% | -10.4% | -11.1% | 26.5% | -26.7% |
| Police/Courthouse/Prison | 0.419 | 0.837 | 0.614 | 0.432 | 0.515 | 0.624 | 0.571 | 0.568 | 0.566 | 4.341 | 2.748 |
| month-over-month % change | 44.7% | 99.8% | -26.7% | -5.5% | 19.2% | 21.0% | -0.2% | -0.5% | -0.4% | ||
| year-over-year % change | -3.1% | -4.0% | -4.3% | -54.1% | -44.7% | -3.9% | -10.2% | -15.9% | -16.1% | 93.8% | -36.7% |
| Military | 0.286 | 0.221 | 0.917 | 0.296 | 0.280 | 0.475 | 0.428 | 0.419 | 0.443 | 1.518 | 2.026 |
| month-over-month % change | -14.1% | -22.4% | 313.9% | 0.5% | -5.4% | 69.6% | 2.0% | -2.1% | 5.8% | ||
| year-over-year % change | 54.8% | -32.6% | 46.4% | 57.8% | 39.6% | 25.0% | 16.7% | 8.2% | 6.1% | 28.5% | 33.5% |
| Schools/Colleges | 5.981 | 7.157 | 6.765 | 4.697 | 5.617 | 6.634 | 5.662 | 5.666 | 5.449 | 31.912 | 28.014 |
| month-over-month % change | 61.1% | 19.7% | -5.5% | 24.1% | 19.6% | 18.1% | -0.5% | 0.1% | -3.8% | ||
| year-over-year % change | -5.5% | 0.7% | -27.8% | -8.7% | -1.8% | -12.7% | -4.7% | -3.7% | -9.0% | 5.9% | -12.2% |
| Misc Government | 0.645 | 1.011 | 0.362 | 0.675 | 0.677 | 0.673 | 0.850 | 0.861 | 0.785 | 4.744 | 3.398 |
| month-over-month % change | 72.7% | 56.8% | -64.2% | 8.3% | 0.2% | -0.6% | -2.0% | 1.2% | -8.8% | ||
| year-over-year % change | -24.4% | 13.9% | -71.5% | -21.8% | -24.5% | -32.9% | 17.4% | 12.8% | -5.0% | 79.4% | -28.4% |
| TOTAL INSTITUTIONAL | 8.745 | 12.255 | 11.269 | 8.476 | 9.189 | 10.756 | 10.250 | 10.173 | 9.815 | 58.481 | 48.951 |
| month-over-month % change | 33.2% | 40.1% | -8.0% | 10.5% | 8.4% | 17.1% | -1.7% | -0.8% | -3.5% | ||
| year-over-year % change | -19.2% | -7.0% | -27.6% | -14.5% | -16.2% | -18.4% | -3.6% | -5.4% | -10.8% | 14.3% | -16.3% |
| Misc Non Residential | 0.587 | 0.611 | 0.582 | 0.532 | 0.541 | 0.593 | 0.640 | 0.638 | 0.603 | 3.187 | 2.790 |
| month-over-month % change | 38.4% | 4.1% | -4.8% | 11.7% | 1.6% | 9.7% | -0.2% | -0.3% | -5.4% | ||
| year-over-year % change | -2.0% | -4.0% | -41.7% | 2.9% | -4.3% | -20.3% | -6.9% | -6.9% | -14.4% | -5.8% | -12.5% |
| TOTAL NONRES BUILDING | 18.019 | 25.536 | 36.653 | 19.230 | 20.582 | 26.736 | 23.422 | 23.041 | 23.419 | 142.758 | 119.878 |
| month-over-month % change | -0.9% | 41.7% | 43.5% | 2.7% | 7.0% | 29.9% | -4.5% | -1.6% | 1.6% | ||
| year-over-year % change | -42.2% | -15.2% | 14.1% | -28.4% | -27.9% | -14.1% | -7.3% | -7.9% | -8.0% | 11.7% | -16.0% |
| Airports | 0.816 | 0.518 | 0.577 | 0.702 | 0.550 | 0.637 | 0.961 | 0.960 | 0.941 | 4.445 | 3.200 |
| month-over-month % change | 159.7% | -36.5% | 11.3% | 40.4% | -21.7% | 15.9% | -2.0% | -0.2% | -1.9% | ||
| year-over-year % change | -22.8% | -3.5% | -27.4% | -32.4% | -51.8% | -20.0% | 31.2% | 24.7% | 16.1% | 223.6% | -28.0% |
| Roads/Highways | 6.802 | 6.743 | 6.473 | 4.519 | 5.494 | 6.673 | 4.431 | 4.527 | 4.579 | 24.915 | 26.774 |
| month-over-month % change | 131.6% | -0.9% | -4.0% | 47.9% | 21.6% | 21.5% | 3.4% | 2.2% | 1.1% | ||
| year-over-year % change | 35.2% | 20.6% | 10.6% | 0.6% | 9.4% | 21.5% | -1.0% | -0.5% | 1.4% | 14.1% | 7.5% |
| Bridges | 1.646 | 2.192 | 1.902 | 1.782 | 1.891 | 1.913 | 1.658 | 1.659 | 1.639 | 10.334 | 9.439 |
| month-over-month % change | -10.2% | 33.1% | -13.2% | 0.5% | 6.1% | 1.2% | -7.4% | 0.1% | -1.2% | ||
| year-over-year % change | -49.0% | 0.6% | -11.1% | -11.1% | -14.6% | -23.9% | 17.9% | 12.4% | 4.5% | 71.7% | -8.7% |
| Dams/Marine | 0.312 | 0.625 | 0.528 | 0.324 | 0.423 | 0.488 | 0.445 | 0.444 | 0.442 | 1.912 | 2.126 |
| month-over-month % change | -6.3% | 100.5% | -15.6% | -13.8% | 30.6% | 15.3% | 0.7% | -0.2% | -0.4% | ||
| year-over-year % change | 14.6% | -1.8% | -3.5% | 33.5% | 20.0% | 0.7% | 37.7% | 29.3% | 23.3% | 41.6% | 11.2% |
| Water/Sewage | 2.094 | 3.371 | 3.683 | 2.253 | 2.419 | 3.049 | 2.335 | 2.391 | 2.455 | 16.460 | 13.812 |
| month-over-month % change | 16.9% | 61.0% | 9.3% | 5.3% | 7.4% | 26.1% | -0.6% | 2.4% | 2.7% | ||
| year-over-year % change | -7.5% | 24.6% | 26.6% | -37.7% | -3.1% | 16.1% | -21.9% | -18.0% | -13.9% | 29.3% | -16.1% |
| Misc Civil | 7.927 | 5.598 | 1.057 | 3.588 | 4.726 | 4.861 | 2.752 | 2.968 | 2.984 | 8.482 | 17.420 |
| month-over-month % change | 1117.3% | -29.4% | -81.1% | 214.3% | 31.7% | 2.9% | 22.8% | 7.8% | 0.6% | ||
| year-over-year % change | 344.1% | 85.5% | 23.8% | 133.5% | 107.0% | 157.8% | 129.5% | 122.5% | 131.1% | 37.7% | 105.4% |
| TOTAL ENGINEERING | 19.598 | 19.048 | 14.219 | 13.168 | 15.502 | 17.622 | 12.582 | 12.947 | 13.041 | 66.547 | 72.771 |
| month-over-month % change | 149.3% | -2.8% | -25.4% | 46.6% | 17.7% | 13.7% | 4.1% | 2.9% | 0.7% | ||
| year-over-year % change | 43.7% | 29.9% | 8.6% | 1.9% | 14.8% | 27.7% | 13.1% | 13.7% | 14.5% | 34.5% | 9.4% |
| GRAND TOTAL | 61.616 | 72.612 | 76.781 | 54.513 | 60.140 | 70.336 | 61.652 | 61.572 | 61.951 | 340.252 | 312.931 |
| month-over-month % change | 33.4% | 17.8% | 5.7% | 13.2% | 10.3% | 17.0% | -1.6% | -0.1% | 0.6% | ||
| year-over-year % change | -16.6% | -1.3% | 6.3% | -15.9% | -13.1% | -4.0% | 2.2% | 1.7% | 1.1% | 17.7% | -8.0% |
| NONRES BLDG + ENGINEERING | 37.617 | 44.583 | 50.871 | 32.398 | 36.084 | 44.357 | 36.004 | 35.988 | 36.460 | 209.305 | 192.649 |
| month-over-month % change | 44.4% | 18.5% | 14.1% | 16.9% | 11.4% | 22.9% | -1.6% | 0.0% | 1.3% | ||
| year-over-year % change | -16.0% | -0.4% | 12.5% | -18.5% | -14.2% | -1.3% | -1.1% | -1.1% | -1.1% | 18.1% | -8.0% |
Data Source and Table: ConstructConnect.
TABLE 4: U.S. YEAR-TO-DATE REGIONAL STARTS
NONRESIDENTIAL CONSTRUCTION* — CONSTRUCTCONNECT
| Jan-MAY 2017 | Jan-MAY 2018 | % Change | |||
| Connecticut | $2,231,963,153 | $1,445,209,942 | -35.2% | ||
| Maine | $419,870,801 | $471,564,596 | 12.3% | ||
| Massachusetts | $4,581,024,687 | $3,295,855,562 | -28.1% | ||
| New Hampshire | $533,640,183 | $551,585,617 | 3.4% | ||
| Rhode Island | $435,471,637 | $644,387,282 | 48.0% | ||
| Vermont | $310,356,710 | $224,232,472 | -27.8% | ||
| Total New England | $8,512,327,171 | $6,632,835,471 | -22.1% | ||
| New Jersey | $4,673,353,460 | $3,527,447,725 | -24.5% | ||
| New York | $16,383,144,031 | $9,278,024,719 | -43.4% | ||
| Pennsylvania | $5,706,311,627 | $4,929,775,696 | -13.6% | ||
| Total Middle Atlantic | $26,762,809,118 | $17,735,248,140 | -33.7% | ||
| TOTAL NORTHEAST | $35,275,136,289 | $24,368,083,611 | -30.9% | ||
| Illinois | $6,371,711,984 | $5,510,491,468 | -13.5% | ||
| Indiana | $3,017,166,233 | $3,155,570,777 | 4.6% | ||
| Michigan | $9,717,911,737 | $4,526,505,092 | -53.4% | ||
| Ohio | $6,733,478,120 | $5,792,946,996 | -14.0% | ||
| Wisconsin | $4,552,613,293 | $13,829,540,930 | 203.8% | ||
| Total East North Central | $30,392,881,367 | $32,815,055,263 | 8.0% | ||
| Iowa | $2,550,177,053 | $2,389,054,262 | -6.3% | ||
| Kansas | $1,748,723,621 | $2,606,357,488 | 49.0% | ||
| Minnesota | $3,624,818,265 | $3,517,570,005 | -3.0% | ||
| Missouri | $3,508,561,312 | $3,639,375,549 | 3.7% | ||
| Nebraska | $1,846,255,598 | $1,086,919,412 | -41.1% | ||
| North Dakota | $915,838,483 | $1,248,751,927 | 36.4% | ||
| South Dakota | $1,000,955,606 | $746,116,798 | -25.5% | ||
| Total West North Central | $15,195,329,938 | $15,234,145,441 | 0.3% | ||
| TOTAL MIDWEST | $45,588,211,305 | $48,049,200,704 | 5.4% | ||
| Delaware | $986,942,164 | $486,837,109 | -50.7% | ||
| District of Columbia | $749,132,791 | $2,066,316,863 | 175.8% | ||
| Florida | $15,591,803,574 | $11,879,088,308 | -23.8% | ||
| Georgia | $6,494,911,828 | $4,956,269,639 | -23.7% | ||
| Maryland | $3,286,286,653 | $3,288,022,068 | 0.1% | ||
| North Carolina | $5,876,625,682 | $5,653,345,527 | -3.8% | ||
| South Carolina | $3,568,428,482 | $2,602,285,555 | -27.1% | ||
| Virginia | $5,491,262,941 | $8,286,237,579 | 50.9% | ||
| West Virginia | $491,934,283 | $5,889,105,823 | 1097.1% | ||
| Total South Atlantic | $42,537,328,398 | $45,107,508,471 | 6.0% | ||
| Alabama | $2,476,903,801 | $2,633,781,299 | 6.3% | ||
| Kentucky | $1,628,717,063 | $1,867,465,173 | 14.7% | ||
| Mississippi | $1,326,396,267 | $1,040,488,704 | -21.6% | ||
| Tennessee | $2,686,620,242 | $2,927,038,862 | 8.9% | ||
| Total East South Central | $8,118,637,373 | $8,468,774,038 | 4.3% | ||
| Arkansas | $1,339,711,499 | $1,176,495,911 | -12.2% | ||
| Louisiana | $3,437,083,472 | $2,455,039,067 | -28.6% | ||
| Oklahoma | $3,215,258,528 | $2,352,979,858 | -26.8% | ||
| Texas | $22,297,149,131 | $18,020,623,798 | -19.2% | ||
| Total West South Central | $30,289,202,630 | $24,005,138,634 | -20.7% | ||
| TOTAL SOUTH | $80,945,168,401 | $77,581,421,143 | -4.2% | ||
| Arizona | $3,298,038,482 | $5,116,369,311 | 55.1% | ||
| Colorado | $3,023,104,893 | $2,826,401,411 | -6.5% | ||
| Idaho | $571,715,216 | $927,458,186 | 62.2% | ||
| Montana | $467,463,160 | $523,017,006 | 11.9% | ||
| Nevada | $930,004,115 | $2,566,634,524 | 176.0% | ||
| New Mexico | $916,399,692 | $877,345,999 | -4.3% | ||
| Utah | $3,307,155,918 | $2,874,198,868 | -13.1% | ||
| Wyoming | $545,108,575 | $560,892,683 | 2.9% | ||
| Total Mountain | $13,058,990,051 | $16,272,317,988 | 24.6% | ||
| Alaska | $924,868,376 | $910,624,341 | -1.5% | ||
| California | $25,799,522,364 | $17,577,845,215 | -31.9% | ||
| Hawaii | $504,496,476 | $891,518,418 | 76.7% | ||
| Oregon | $2,780,376,422 | $2,751,966,752 | -1.0% | ||
| Washington | $4,428,495,480 | $4,246,449,410 | -4.1% | ||
| Total Pacific | $34,437,759,118 | $26,378,404,136 | -23.4% | ||
| TOTAL WEST | $47,496,749,169 | $42,650,722,124 | -10.2% | ||
| TOTAL U.S. | $209,305,265,164 | $192,649,427,582 | -8.0% |
*Figures above are comprised of nonres building and engineering (i.e., residential is omitted).
Data Source and Table: ConstructConnect.
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