The accompanying tables show the top 10 major upcoming Toronto, Ottawa, Montréal and Vancouver, Calgary, Edmonton construction industry projects in Canada. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
The accompanying tables show the top 10 major upcoming California and Florida construction projects in the U.S. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
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Assessing January Starts is Always a Challenge ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $29.7 billion (green shaded box, Table 3 below), -14.0% versus December 2019’s figure of $34.5 billion (originally reported as $34.0 billion). The decline was greater than the usual step back due to seasonality of -10.0%. ‘Seasonality’ refers to increases or decreases in activity due to favorable or unfavorable weather. Winter qualifies as unfavorable.
Clichés are often true and it is the case that a picture can be worth a thousand words.
Following a contraction in 2018, total construction starts in the U.S .grew by 4.0% to reach $795 billion. Residential starts spent a second year in contraction, falling by 3.8% in 2019, with both the single and multi-family segments slipping. Nonresidential starts rose by 5.3% supported by groundbreaking for several large factories. Civil engineering starts increased by 15.9%, supported by new power infrastructure projects, particularly in Q3 2019.