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Nonresidential Construction Starts Trend Graphs - April 2023 Blog Feature

By: Alex Carrick, Chief Economist on May 19, 2023

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Nonresidential Construction Starts Trend Graphs - April 2023

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.

Click here to download the Construction Industry Snapshot Package - May 2023 PDF.

Click here for the April 2023 Industry Snapshot article, April’s Nonresidential Construction Starts -2% M/M, -20% Y/Y, and +16% YTD.

Click here for the Top 10 Project Starts in the U.S. - April 2023.

Graph 1: U.S. Nonresidential Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 11

Source and Chart: ConstructConnect.

Graph 2: U.S. Commercial & Institutional Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 12

Source and Chart: ConstructConnect.

Graph 3: U.S. Retail & Private Office Building Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 13

Source and Chart: ConstructConnect.

Graph 4: U.S. Hospital/Clinic & School/College Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 14

Source and Chart: ConstructConnect.

Graph 5: U.S. Road/Highway & Water/Sewage Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 15

Source and Chart: ConstructConnect.

Graph 6: U.S. Bridges & Miscellaneous Civil Construction Starts ‒ ConstructConnect
(12-month moving averages)

May 2023 Snapshot Graph 16

 

Source and Chart: ConstructConnect.

 

About Alex Carrick, Chief Economist

Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985.

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