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Nonresidential Construction Starts Trend Graphs - December 2022 Blog Feature

By: Alex Carrick, Chief Economist on January 17th, 2023

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Nonresidential Construction Starts Trend Graphs - December 2022

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 - December 2022 PDF.

Click here for the November 2022 Industry Snapshot article, December's Nonresidential Construction Starts =58% M/M, +78% Y/Y, & +33% YTD.

Click here for the Top 10 Project Starts in the U.S. - December 2022.

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

Graph 11 (Jan 23) v2

Source and Chart: ConstructConnect.

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

Graph 12 (Jan 23)

Source and Chart: ConstructConnect.

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

Graph 13 (Jan 23)

Source and Chart: ConstructConnect.

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

Graph 14 (Jan 23)

Source and Chart: ConstructConnect.

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

Graph 15 (Jan 23)

Source and Chart: ConstructConnect.

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

Graph 16 (Jan 23)

The last data points in all the graphs on this page are for July 2022.

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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