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ConstructConnect Blog

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.

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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).

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

October’s Starts Defied the Usual Seasonality ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $38.7 billion (green shaded box, Table 3 below),+6.5% versus September’s figure of $36.3 billion (originally reported as $34.7 billion). From September to October, there is usually a change of -4% in total nonresidential starts due to seasonality. October’s result was supported by $6 billion in mega project startups (i.e., 3 projects of more than $1 billion each), surpassing $2.3 billion of such work (from 2 projects) in September.

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

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

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

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