Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

report shows september decline in value of construction starts

10/17/2019

0 Comments

 
Picture
Not counting residential projects, the volume of construction starts nationally took a significant hit last month, dropping from $51.6 billion in August to $34.7 billion last month.

According to the Cincinnati-based software service Construct Connect, the biggest reason for the drop is a decline in what are described as “mega-project” start-ups.

“Whereas August featured 5 projects of a billion dollars or more each, totaling $18.7 billion,” reports the site, “September had only two such undertakings, combining for $2.3 billion.”

The report also indicated that construction starts in September were down by 1.8 percent compared to September of 2018, but comparing this September’s numbers with an average of the last five Septembers going back to 2014 actually showed a 2.2 percent increase.

Industries seeing the greatest drop in construction starts volume include hotels and motels, retail, laboratories, and amusement projects.

Construction starts were up in the private office and parking garage segments.

Construct Connect additionally notes an addition of around 7,000 new construction jobs in September, which, while still on the plus side, was noticeably lower than the more than 26,000 new jobs recorded in September 2018.

At the same time, the national construction industry’s unemployment in September stood at a historically low 3.2 percent. That figure was also reached this past May, says the report, adding that it comprises the “lowest figure for construction’s unemployment rate this century.”

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy