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ConstructConnect Blog

ConstructConnect Blog

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
January 10th, 2020

The accompanying table records the top 10 project starts in the U.S. for December 2019.

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
January 10th, 2020

December’s Starts Saved by Mega Engineering Projects ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $34.0 billion (green shaded box, Table 3, below), -5.3% versus November’s figure of $35.9 billion (originally reported as $34.3 billion). December’s month-to-month decline was in line with usual ‘seasonality.’ Long-term, from the last full month of fall (November) to the month that kicks off winter (December), total nonresidential starts have fallen on average -5.0%. December’s drop would have been steeper without the support of several large engineering projects. Four mega projects (i.e., of $1.0 billion or more each) arose in the latest month, summing to $5.0 billion. Three of the four were heavy engineering jobs (see Top 10 Project Starts in the U.S. - December 2019).

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Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
January 10th, 2020

Clichés are often true and it is the case that a picture can be worth a thousand words.

Blog Feature

Economic News | Industry Snapshot | alex carrick

By: Alex Carrick
December 13th, 2019

The accompanying table records the top 10 project starts in the U.S. for November 2019.

Blog Feature

Economic News | Industry Snapshot | alex carrick

By: Alex Carrick
December 13th, 2019

Clichés are often true and it is the case that a picture can be worth a thousand words.

Blog Feature

Economic News | Industry Snapshot | alex carrick

By: Alex Carrick
December 13th, 2019

November’s Starts See Shortage of Mega Projects ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $34.3 billion (green shaded box, Table 3, below), -14.4% versus October’s figure of $40.1 billion (originally reported as $38.7 billion). November’s month-to-month decline was partly due to ‘seasonality’ (i.e., less favorable weather for construction as fall transitions to winter), but more on account of a shortage of ‘mega’ projects of $1 billion or more each. In October, there were three mega project starts with a combined estimated value of $6.1 billion. November’s inventory of such work was only two projects at $1.0 billion each (see Top 10 Project Starts in the U.S. - November 2019).