BidClerk reports major construction gains in three metro areas
BidClerk Construction Index has released its second-quarter results, which highlighted dramatic increases in year-over-year construction activity in the Atlanta, D.C., and New York metro regions.
In Atlanta, construction projects posted an 18.2% gain since Q2 in 2012, which is slightly less than Q1's year-over-year increase of 19.3%. Comparitively, quarter-over-quarter growth largely flatlined, with no growth in private construction and a mere 0.4% jump in public projects. Private projects actually decreased since this time last year (-5.5%), which leaves public construction activity to bear the full weight of the recovery at a 33.5% year-over-year gain.
D.C. construction was up 24.4% in total construction, which was helped out by both the private and the public sectors (10.7% and 36.1%, respectively). The growth remains consistent on a quarter-by-quarter basis, with an overall 18.6% increase. It seems that Baltimore's recovery is outpacing that of D.C.'s, with a 33.1% year-over-year gain, compared to D.C.'s 19.8%.
Meanwhile, the New York metro region posted superlative gains with a 75.9% year-over-year increase in construction activity. This was mostly due to a nearly doubled rate in public construction, which jumped 97.2%; private construction increased by a mere 3.9% (up from its previous -26.8% drop in last quarter's year-over-year figures). Compared to last quarter, overall construction was up 30.1%.