Top 10 Project Starts in the U.S. - December 2022
The accompanying table records the top 10 project starts in the United States for December 2022.
Construction Economic News
December's Nonresidential Construction Starts +58% M/M, +78% Y/Y, & +33% YTD
ConstructConnect announced today that December 2022’s volume of nonresidential construction starts was $50.1 billion, +58.1% compared with November’s...
Alex Carrick
Jan 17, 2023
Headline Inflation Fails to Capture Large Price Shifts in Construction
Falling from 30% to 3% in the 10 months ending November 2022, ConstructConnect’s construction prices index has tracked a rapid deceleration in...
Michael Guckes, Chief Economist
Jan 17, 2023
Wall Street Forecasts Slow Rebound for Nonresidential Construction in 2023 and Beyond
Revenues of the 14 largest U.S. publicly-traded nonresidential construction firms grew 50%from the end of 2020 and the third quarter of 2022.
Michael Guckes, Chief Economist
Jan 11, 2023
Planned Spending Trends Close 2022 in Predictable Manner
ConstructConnect’s Expansion Index for December 2022 was 5% and 21% higher overall in Canada and the United States, respectively.
Michael Guckes, Chief Economist
Jan 10, 2023
December’s Jobs Reports, U.S. and Canada, Will Frustrate Central Bankers
The construction sector added +28,000 jobs in December 2022, mainly in the subcontractor trades, +17,000. The NSA unemployment rate came in at 4.4%.
Alex Carrick
Jan 6, 2023
Lumber Futures Offer New Insights to Residential Construction’s Recent Slowdown
January 2023 lumber futures, as of January 4, 2023, were quoted at $475, a decline of more than 26% from a late October high of $643.50.
Michael Guckes, Chief Economist
Jan 6, 2023
U.S. Residential Building Permits Take a Nasty Turn
The monthly seasonally adjusted and annualized figure on housing starts in the U.S. has dipped below 1.5 million units in four of the last five...
Alex Carrick
Jan 3, 2023
Winning More Work Starts Here: Expert Tips, Market Trends, and Data-Driven Construction Insights
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