Construction Industry Snapshot December 2014

1. Construction
Industry
Snapshot January 2015
CMD’s dollar value of construction starts
in December, excluding residential activity,
was 1.6% higher than in November.
December 2014’s volume ($24.9 billion)
was almost an exact match for the average
over the previous 11 months of the year,
$24.5 billion. The monthly average in the
prior year, 2013, was $22.8 billion.
The latest month’s starts level was 11.3%
ahead of December 2013. For 2014’s full
year, the volume of starts recorded a 7.5%
gain compared with the previous year.
Among the three major sub-categories
of construction starts, commercial
(+23.7%) was the only one with a big
increase month to month in December.
Engineering/civil work (+1.2%) barely
budged upwards and institutional
(+0.3%) was flat.
Contents
Commentary and latest starts statistics......2
“Top Ten” Construction Starts....................3
Trend graphs for 12 key categories.............4
Detailed table ..........................................5
December’s Notable Points
30 Technology Parkway South, Suite 100
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www.cmdgroup.com/construction-forecast
©2015 CMD. All rights reserved.

2. Construction Industry Snapshot
©2015 CMD. All Rights Reserved. 2
CMD’s December Starts Stayed Steady
CMD announced today that December’s $24.9 billion volume of construction starts,
excluding residential activity, was 1.6% higher than in November. The small increase
becomes more praiseworthy when seasonality is taken into account. CMD’s long-term
average December-versus-November percentage change has been -5.0%.
Worsening weather as fall turns into winter, plus the holidays, usually take a toll on starts.
December 2014’s volume ($24.9 billion) was almost an exact match for the average
over the previous 11 months of the year, $24.5 billion. The monthly average in the prior year,
2013, was $22.8 billion.
The latest month’s starts level was 11.3% ahead of December 2013. For 2014’s full
year, the volume of starts recorded a 7.5% gain compared with the previous year.
The starts figures are in “current” dollars, meaning they are not adjusted for inflation.
“Non-residential building” plus “engineering/civil” work accounts for a considerably
larger share of total construction than residential activity. The former’s combined propor-
tion of total put-in-place construction in the Census Bureau’s November report was 63%
versus the latter’s 37%.
CMD’s construction starts are leading indicators for the Census Bureau’s capital invest-
ment or put-in-place series. Also, the reporting period for starts (December) is one month
ahead of the reporting period for the investment series (November.)
U.S. “real” (i.e., inflation-adjusted) gross domestic product (GDP) growth in the latest
quarter for which there is data (Q3 2014) was an outsized +5.0%, on top of an almost as
noteworthy +4.6% in the second quarter. The unemployment rate for the economy as a
whole has dropped to only 5.6%, according to the latest report (December 2014) from the
Department of Labor.
In December, the construction sector added 48,000 net new jobs, the second largest
month-to-monthjumpsincetherecession,beatenonlybyJanuaryoflastyear(+51,000).Year-
over-year average hourly earnings in construction were restrained in December, at +1.6%, but
average weekly earnings shot up to +4.5% from +2.7% in November and -1.0% in December
2013. It’s too early to say construction is storming back, but it’s beginning to seek attention.
Among the three major sub-categories of construction starts, commercial (+23.7%)
was the only one with a big increase month-to-month in December. Engineering/civil work
(+1.2%) barely budged upwards and institutional (+0.3%) was flat. The smaller category
of industrial starts (-81.4%) fell by four-fifths. The latter category is prone to wide swings
that result from an irregular pattern of large project initiations.
When December of this year is compared with December of last year, commercial work
(+26.8%) was again the frontrunner, with heavy engineering (+9.9%) in second place.
Institutional (+3.1%) hardly made any headway. Industrial (-49.8%) was down by half.
The institutional category (+7.6%) fared better in the full-year 2014 versus full-year 2013
comparison, ranking only slightly behind engineering/civil (+9.6%), but with a lead on com-
mercial (+3.3%). Full-year 2014’s industrial starts were up a nice 16.5% versus all of 2013.
Within heavy engineering, the major sub-category — with a 42% share of the full
year total — was “road/highway” work. It was unequivocally positive in December: +5.0%
month to month (m/m); +7.3% year over year (y/y); and +14.7% year to date (ytd). Water
and sewage work, with a runner-up 24% slice of the civil category, was +11.8% m/m;
+33.2% y/y; and +10.7% ytd. Bridge work also showed lively gains: +23.0% m/m; +26.4%
y/y; and +5.9% ytd.
School/college starts accounted for 60% of the total institutional category in 2014.
Their December m/m change (+30.6%) quickened the pace of their y/y (+11.2%) and
ytd (+11.4%) performances. Hospital/clinic starts were +6.3% m/m and +3.0% y/y, but
-12.3% ytd. Military starts were dismal m/m and y/y, at -88.0% and -41.1% respectively,
but brilliant ytd, +68.8%.
Among commercial’s major sub-categories, retail work in December was lackluster ytd
(-1.7%), but much perkier m/m (+91.4%) and y/y (+112.0%). It’s good to see that private
offices were +26.0% m/m, but that still left them -34.3% y/y and -6.2% ytd. Government
offices were the reverse: -17.8% m/m; +1.3% y/y; and +13.4% ytd.
Two other interesting changes ytd occurred in warehouses, which were ahead dramati-
cally (+65.6%), and in hotels/motels (+1.3%), where the shades were drawn.
The12-monthmovingaveragetrendgraphsarecontinuingtoclimbforbothnon-residential
building and heavy engineering starts. Within the first category, the rise of institutional work
has been a steady progression. Commercial’s upward journey has been more fitful and ragged.
Retail work — based on its 12-month moving average trend graph — may be pre-
paring for a take-off, but private office buildings are (probably temporarily) in reversal.
School/college and road/highway starts are on gentle climbing slopes. Hospital/clinic work
is still languishing.
The dramatic drop in the world price of oil will undoubtedly put a halt to some expansion
plans in America’s shale-rock oil and gas sector. The lower price of gasoline, however, will
provide stimulus — similar to a large tax cut or a big pay raise — to the overall economy.
Some politicians are seeing an opportunity to increase government revenues through mea-
sures such as a hike in the federal gas tax, with the additional funding to go towards
necessary infrastructure projects.
The value of construction starts each month is summarized from CMD’s database of all
active construction projects in the U.S. Missing project values are estimated with the help
of RSMeans’ building cost models.
CMD’s non-residential construction starts series, because it is comprised of total-value
estimates for individual projects, some of which are enormous, has a history of being more
volatile than many other leading indicators for the economy. 
Alex Carrick
A start is determined by taking the announced bid date and adding 30 days. It is then
assumed the project will actually break ground within 30 to 60 days of the start date. CMD
continues to follow the project via its network of researchers. If it is abandoned or re-bid, then
the start data is updated to reflect the new information.
Source: CMD Research Group/Table: CMD.
VALUE OF UNITED STATES
CONSTRUCTION STARTS – DECEMBER 2014
YEAR TO DATE
(CMD)
% Change % Change % Change
Jan-Dec 14 Jan-Dec 14 vs Dec 14 vs Dec 14 vs
($ billions) Jan-Dec 13 Dec 13 Nov 14
Hotel/Motel 7.093 1.3% -39.6% -58.0%
Retail 18.311 -1.7% 112.0% 91.4%
Parking Garage 1.799 -9.4% 22.6% -7.7%
Amusement 6.139 11.4% -30.5% -31.2%
Private Office 14.149 -6.2% -34.3% 26.0%
Government Office 10.807 13.4% 1.3% -17.8%
Laboratory 2.376 36.7% 8.5% -34.5%
Warehouse 6.874 65.6% -9.0% -4.0%
Miscellaneous Commercial 12.944 -9.6% 184.5% 101.0%
COMMERCIAL 80.490 3.3% 26.8% 23.7%
INDUSTRIAL (Manufacturing) 9.382 16.5% -49.8% -81.4%
Religious 1.387 -19.5% -28.5% 21.3%
Hospital/Clinic 13.147 -12.3% 3.0% 6.3%
Nursing/Assisted Living 3.896 -3.1% -1.0% 4.4%
Library/Museum 2.237 0.6% -23.2% 94.8%
Police/Courthouse/Prison 4.004 -3.1% 65.6% -5.3%
Military 8.340 68.8% -41.1% -88.0%
School/College 53.962 11.4% 11.2% 30.6%
Miscellaneous Government 2.332 -9.6% -62.5% -31.1%
INSTITUTIONAL 89.305 7.6% 3.1% 0.3%
Miscellaneous Non-residential 3.899 19.7% 17.7% -24.2%
NON-RESIDENTIAL BUILDING 183.077 6.3% 12.2% 1.8%
Airport 3.285 15.2% -38.5% -86.1%
Road/Highway 47.239 14.7% 7.3% 5.0%
Bridge 11.291 5.9% 26.4% 23.0%
Dam/Marine 5.084 -5.2% 0.5% -13.6%
Water/Sewage 26.235 10.7% 33.2% 11.8%
Miscellaneous Civil 18.377 2.5% -13.3% -10.3%
HEAVY ENGINEERING 111.512 9.6% 9.9% 1.2%
TOTAL NON-RESIDENTIAL 294.589 7.5% 11.3% 1.6%
Data source: Reed Research Group and Reed Construction Data (RCD).
Table: Reed Construction Data - CanaData.
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
VALUE OF UNITED STATES
CONSTRUCTION STARTS - DECEMBER 2014
YEAR TO DATE
(Reed Construction Data)
Alex Carrick is Chief Economist for CMD. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks.
Mr. Carrick has been with CMD since 1985.

3. Construction Industry Snapshot
©2015 CMD. All Rights Reserved. 3
REGION (EAST TO WEST) TYPE OF CONSTRUCTION DESCRIPTION SQUARE FEET 000S DOLLARS 000,000S
Connecticut
Waterbury Engineering/Civil CTDOT I-84 * $261
I-84
Connecticut Transportation Department
New York
Bronx Engineering/Civil Robert F Kennedy Bridge Bronx Plaza & Structure * $213
I-278
MTA Bridges & Tunnels
New Jersey
Newark Commercial Prudential Financial Tower Phases 1 & 2 782 $444
(2 structures; 20 stories) 687-695 Broad St
Prudential Insurance Co
Long Beach Engineering/Civil Long Beach Island Beachfill & Little Egg Inlet * $128
Philadelphia District Engineers Corp
North Carolina
Forsyth County Engineering/Civil NCDOT Grading Drainage * $154
various locations
North Carolina Department of Transportation Raleigh
Florida
Orlando Commercial Orlando International Airport South Intermodal Terminal * $213
(1 structure; 5 stories) 365 Rickenbacker Dr
Greater Orlando Airport Authority Planning &
Engineering
Illinois
Stickney Engineering/Civil Metropolitan Water Reclamation District Settling Tanks
& Aerated Grit Facility
* $225
6001 W Pershing Rd
Metropolitan Water Reclamation District
Arizona
Yuma Institutional Yuma Regional Medical Center 59 $250
2400 South Ave A
Yuma Regional Medical Center
Nevada
Reno Commercial Logisticenter 395 Office Complex 735 $150
Lemmon Dr & Hwy 395
Dermody Properties
Washington
King County Engineering/Civil WADOT 2 Way Transit & HOV Operations Stage 3 * $120
I-90
Washington Department of Transportation
TOTALS: 1,576 $2,158
THESE ARE THE 10 LARGEST PROJECTS IN THE U.S. START FIGURES FOR DECEMBER 2014
*A square footage measure does not apply for alteration and engineering/civil work.
Source: CMD/Table: CMD.

4. Construction Industry Snapshot
©2015 CMD. All Rights Reserved. 4
Source: CMD/Charts: CMD.
U.S. NON-RESIDENTIAL
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
U.S. RETAIL AND PRIVATE OFFICE BUILDING
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
U.S. ROAD/HIGHWAY AND WATER/SEWAGE
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
U.S. COMMERCIAL AND INSTITUTIONAL
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
U.S. HOSPITAL/CLINIC AND SCHOOL/COLLEGE
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
U.S. BRIDGES AND MISCELLANEOUS CIVIL
CONSTRUCTION STARTS – CMD
(12-MONTH MOVING AVERAGES)
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
U.S. Non-residential Construction Starts ‒ CMD
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
$16.0
$18.0
$20.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Non-residential building
Heavy engineering
Dec
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
U.S. Retail & Private Office Building Construction Starts ‒ CMD
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
$0.0
$1.0
$2.0
$3.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Retail
Private Office Buildings
Dec
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
U.S. Road/Highway & Water/Sewage Construction Starts ‒ CMD
Commercial
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Roads/Highways
Water/Sewage
Dec
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
U.S. Commercial & Institutional Construction Starts ‒ CMD
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
$10.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Institutional
Commercial
Dec
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
U.S. Hospital/Clinic & School/College Construction Starts ‒ CMD
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
Retail
Private Office Building
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Schools/Colleges
Hospitals/Clinics
Dec
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
(12-month moving averages)
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
U.S. Bridges & Miscellaneous Civil Construction Starts ‒ CMD
Commercial
$0.0
$0.5
$1.0
$1.5
$2.0
05-J
M
M
J
S
N
06-J
M
M
J
S
N
07-J
M
M
J
S
N
08-J
M
M
J
S
N
09-J
M
M
J
S
N
10-J
M
M
J
S
N
11-J
M
M
J
S
N
12-J
M
M
J
S
N
13-J
M
M
J
S
N
14-J
M
M
J
S
N
Current$billions
Year and month
Bridges
Miscellaneous civil (e.g., power plants, etc.)
Dec

5. Construction Industry Snapshot
©2015 CMD. All Rights Reserved. 5
Source: CMD/Table: CMD.
VALUE OF U.S. CONSTRUCTION STARTS – DECEMBER 2014 – CMD
BILLIONS OF CURRENT $S, NOT SEASONALLY ADJUSTED (NSA)
Jan-Dec, Jan-Dec,
Oct 14 Nov 14 Dec 14 Oct 14 Nov 14 Dec 14 Oct 14 Nov 14 Dec 14 2013 2014
Single Family 10.128 10.460 10.646 9.874 10.118 10.411 9.793 9.887 9.956 114.268 119.477
month-over-month % change 3.7% 3.3% 1.8% 1.4% 2.5% 2.9% 0.7% 1.0% 0.7%
year-over-year % change 9.0% 12.1% 8.5% 5.9% 8.3% 9.8% 6.2% 6.1% 4.6% 12.8% 4.6%
Apartment 2.391 3.147 2.471 3.099 3.006 2.670 3.621 3.522 3.477 42.833 41.721
month-over-month % change -31.3% 31.6% -21.5% -9.4% -3.0% -11.2% -4.2% -2.7% -1.3%
year-over-year % change -44.3% -27.4% -18.1% -24.8% -33.0% -31.2% 6.4% 0.2% -2.6% 39.0% -2.6%
TOTAL RESIDENTIAL 12.519 13.607 13.117 12.974 13.124 13.081 13.414 13.409 13.433 157.101 161.198
month-over-month % change -5.5% 8.7% -3.6% -1.4% 1.2% -0.3% -0.7% 0.0% 0.2%
year-over-year % change -7.9% -0.4% 2.2% -3.5% -5.1% -2.1% 6.2% 4.5% 2.6% 18.9% 2.6%
Hotel/Motel 0.266 0.963 0.405 0.604 0.564 0.545 0.575 0.613 0.591 6.999 7.093
month-over-month % change -42.3% 261.4% -58.0% -13.6% -6.6% -3.4% -0.7% 6.6% -3.6%
year-over-year % change -14.7% 88.8% -39.6% 6.9% 30.4% 9.5% -6.9% 1.6% 1.3% 13.8% 1.3%
Retail 1.183 1.244 2.382 1.362 1.330 1.603 1.424 1.421 1.526 18.629 18.311
month-over-month % change -24.2% 5.2% 91.4% -13.2% -2.4% 20.6% -0.5% -0.2% 7.4%
year-over-year % change -6.6% -2.3% 112.0% -21.3% -4.8% 31.2% -9.9% -9.6% -1.7% 42.0% -1.7%
Parking Garages 0.134 0.214 0.198 0.172 0.155 0.182 0.140 0.147 0.150 1.987 1.799
month-over-month % change 14.1% 60.2% -7.7% -9.9% -9.8% 17.3% -1.6% 4.8% 2.1%
year-over-year % change -16.9% 61.3% 22.6% -7.1% 17.7% 19.9% -15.4% -10.2% -9.4% 35.0% -9.4%
Amusement 0.411 0.498 0.342 0.720 0.687 0.417 0.540 0.524 0.512 5.512 6.139
month-over-month % change -64.3% 21.1% -31.2% 0.6% -4.7% -39.3% -2.0% -3.0% -2.4%
year-over-year % change -24.4% -27.9% -30.5% 47.0% 23.8% -27.5% 21.7% 13.4% 11.4% -6.8% 11.4%
Office 1.577 0.928 1.170 1.049 1.148 1.225 1.338 1.230 1.179 15.089 14.149
month-over-month % change 67.8% -41.1% 26.0% 28.7% 9.5% 6.7% -0.8% -8.1% -4.1%
year-over-year % change -7.9% -58.3% -34.3% -19.1% -34.9% -35.7% 21.8% 4.1% -6.2% -7.3% -6.2%
Governmental Offices 1.084 0.863 0.709 1.026 1.019 0.886 0.881 0.900 0.901 9.529 10.807
month-over-month % change -2.2% -20.4% -17.8% 2.0% -0.7% -13.1% 2.8% 2.1% 0.1%
year-over-year % change 36.9% 35.2% 1.3% 22.1% 31.5% 24.7% 11.1% 14.9% 13.4% 0.1% 13.4%
Laboratories 0.062 0.185 0.121 0.110 0.116 0.123 0.240 0.197 0.198 1.738 2.376
month-over-month % change -37.4% 196.6% -34.5% 2.9% 4.8% 6.2% -3.7% -18.0% 0.4%
year-over-year % change -63.8% -73.7% 8.5% 11.9% -63.6% -62.7% 168.2% 36.4% 36.7% 66.4% 36.7%
Warehouse 0.464 0.435 0.418 0.817 0.635 0.439 0.578 0.576 0.573 4.152 6.874
month-over-month % change -54.0% -6.2% -4.0% 9.3% -22.2% -30.9% 2.6% -0.2% -0.6%
year-over-year % change 59.3% -3.5% -9.0% 188.6% 76.4% 9.6% 73.8% 69.1% 65.6% -5.6% 65.6%
Misc Commercial 1.143 1.101 2.213 1.627 0.944 1.486 0.987 0.959 1.079 14.313 12.944
month-over-month % change 94.5% -3.6% 101.0% 11.2% -42.0% 57.4% 5.2% -2.9% 12.5%
year-over-year % change 106.7% -23.5% 184.5% 149.7% 5.4% 60.9% -12.7% -20.0% -9.6% 13.2% -9.6%
TOTAL COMMERCIAL 6.325 6.433 7.958 7.487 6.597 6.905 6.704 6.567 6.708 77.948 80.490
month-over-month % change -10.1% 1.7% 23.7% 2.4% -11.9% 4.7% 0.7% -2.0% 2.1%
year-over-year % change 9.0% -20.3% 26.8% 21.9% -0.5% 2.8% 7.2% 1.8% 3.3% 10.5% 3.3%
TOTAL INDUSTRIAL (Manufacturing) 0.771 1.425 0.265 0.689 0.743 0.820 0.712 0.804 0.782 8.052 9.382
month-over-month % change 2270.7% 84.9% -81.4% 46.8% 7.8% 10.5% -4.3% 12.8% -2.7%
year-over-year % change -33.2% 334.1% -49.8% -13.9% 23.8% 22.4% 5.3% 21.4% 16.5% 50.9% 16.5%
Religious 0.111 0.083 0.101 0.116 0.111 0.099 0.129 0.119 0.116 1.723 1.387
month-over-month % change -18.8% -25.2% 21.3% -8.1% -4.7% -10.9% -3.0% -8.0% -2.8%
year-over-year % change -30.2% -59.9% -28.5% -19.7% -34.6% -41.9% -8.6% -18.2% -19.5% -4.8% -19.5%
Hosptials/Clinics 0.975 1.246 1.324 1.090 1.218 1.182 1.068 1.092 1.096 14.991 13.147
month-over-month % change -32.1% 27.9% 6.3% 14.8% 11.8% -3.0% -6.7% 2.3% 0.3%
year-over-year % change -48.7% 31.1% 3.0% -18.7% -9.2% -14.3% -20.2% -14.9% -12.3% 4.9% -12.3%
Nursing/Assisted Living 0.381 0.358 0.374 0.403 0.373 0.371 0.333 0.325 0.325 4.019 3.896
month-over-month % change -0.1% -5.9% 4.4% 8.1% -7.3% -0.6% -3.4% -2.3% -0.1%
year-over-year % change -27.0% -20.5% -1.0% 6.2% -7.7% -17.6% 3.4% -2.4% -3.1% 11.9% -3.1%
Libraries/Museums 0.121 0.094 0.182 0.218 0.142 0.132 0.196 0.191 0.186 2.224 2.237
month-over-month % change -42.8% -22.7% 94.8% 2.1% -34.9% -6.9% -10.7% -2.5% -2.4%
year-over-year % change -69.9% -38.9% -23.2% -16.5% -43.0% -49.9% 9.3% 8.0% 0.6% -15.2% 0.6%
Police/Courthouse/Prison 0.269 0.456 0.432 0.317 0.342 0.386 0.313 0.319 0.334 4.131 4.004
month-over-month % change -9.9% 69.4% -5.3% -6.7% 7.7% 13.0% -4.5% 2.2% 4.5%
year-over-year % change -39.8% 22.1% 65.6% -16.1% -4.7% 7.0% -19.5% -11.4% -3.1% -19.3% -3.1%
Military 0.731 1.240 0.149 0.909 0.918 0.706 0.647 0.704 0.695 4.942 8.340
month-over-month % change -6.9% 69.6% -88.0% -14.9% 1.0% -23.1% 1.7% 8.7% -1.2%
year-over-year % change 21.0% 121.1% -41.1% 75.5% 61.6% 49.5% 57.2% 72.8% 68.8% -50.0% 68.8%
Schools/Colleges 5.210 3.240 4.232 4.660 4.053 4.227 4.446 4.461 4.497 48.421 53.962
month-over-month % change 40.4% -37.8% 30.6% -0.5% -13.0% 4.3% 3.6% 0.4% 0.8%
year-over-year % change 56.4% 6.2% 11.2% 16.6% 22.7% 24.5% 8.1% 9.3% 11.4% -6.1% 11.4%
Misc Government 0.140 0.193 0.133 0.167 0.176 0.155 0.223 0.213 0.194 2.580 2.332
month-over-month % change -28.2% 37.7% -31.1% -3.9% 5.4% -11.8% -2.9% -4.6% -8.7%
year-over-year % change -36.2% -38.7% -62.5% -0.6% -22.7% -47.6% 16.1% 3.1% -9.6% 9.7% -9.6%
TOTAL INSTITUTIONAL 7.938 6.910 6.928 7.881 7.334 7.258 7.354 7.425 7.442 83.031 89.305
month-over-month % change 11.0% -12.9% 0.3% -0.6% -6.9% -1.0% 0.4% 1.0% 0.2%
year-over-year % change 4.6% 14.0% 3.1% 9.7% 10.7% 6.9% 3.8% 6.1% 7.6% -9.0% 7.6%
Misc Non Residential 0.280 0.425 0.322 0.322 0.340 0.342 0.306 0.321 0.325 3.258 3.899
month-over-month % change -10.8% 51.8% -24.2% -7.3% 5.4% 0.8% -0.4% 4.7% 1.3%
year-over-year % change -5.2% 69.3% 17.7% 8.9% 23.6% 25.3% 13.2% 19.6% 19.7% 14.8% 19.7%
TOTAL NON-RES BUILDING 15.314 15.193 15.474 16.379 15.013 15.327 15.076 15.117 15.256 172.289 183.077
month-over-month % change 5.4% -0.8% 1.8% 2.0% -8.3% 2.1% 0.3% 0.3% 0.9%
year-over-year % change 3.2% 3.3% 12.2% 13.6% 6.3% 6.1% 5.5% 5.2% 6.3% 1.4% 6.3%
Airports 0.331 0.325 0.045 0.425 0.351 0.234 0.274 0.276 0.274 2.851 3.285
month-over-month % change -16.5% -1.9% -86.1% -18.8% -17.4% -33.4% -2.6% 0.9% -0.9%
year-over-year % change -20.7% 10.5% -38.5% 3.5% -3.9% -10.7% 25.1% 17.6% 15.2% 14.4% 15.2%
Roads/Highways 3.913 3.339 3.504 4.495 3.866 3.585 3.901 3.917 3.937 41.194 47.239
month-over-month % change -10.0% -14.7% 5.0% -8.4% -14.0% -7.3% 1.6% 0.4% 0.5%
year-over-year % change 22.7% 6.2% 7.3% 27.8% 24.2% 12.0% 14.4% 14.4% 14.7% 0.3% 14.7%
Bridges 0.487 1.002 1.232 0.703 0.801 0.907 0.906 0.919 0.941 10.664 11.291
month-over-month % change -46.7% 105.7% 23.0% -16.1% 13.9% 13.2% -3.2% 1.5% 2.3%
year-over-year % change -42.8% 19.0% 26.4% -23.7% -1.7% 2.0% 5.2% 6.0% 5.9% 15.2% 5.9%
Dams/Marine 0.695 0.630 0.545 0.590 0.616 0.623 0.418 0.423 0.424 5.363 5.084
month-over-month % change 32.5% -9.3% -13.6% 33.9% 4.4% 1.1% 4.3% 1.4% 0.1%
year-over-year % change 42.5% 12.4% 0.5% 24.5% 20.2% 17.6% -0.3% -2.4% -5.2% 59.1% -5.2%
Water/Sewage 2.335 2.230 2.493 2.295 2.247 2.353 2.124 2.135 2.186 23.702 26.235
month-over-month % change 7.3% -4.5% 11.8% -0.7% -2.1% 4.7% 1.1% 0.5% 2.4%
year-over-year % change 14.1% 5.9% 33.2% 2.4% 5.4% 17.1% 10.2% 8.6% 10.7% 5.0% 10.7%
Misc Civil 1.112 1.785 1.601 1.452 1.464 1.499 1.605 1.552 1.531 17.933 18.377
month-over-month % change -25.6% 60.6% -10.3% -10.7% 0.8% 2.4% -0.5% -3.3% -1.3%
year-over-year % change -8.2% -26.3% -13.3% -1.1% -15.8% -17.9% -3.0% 5.7% 2.5% -7.8% 2.5%
TOTAL ENGINEERING 8.872 9.311 9.419 9.961 9.345 9.201 9.227 9.222 9.293 101.707 111.512
month-over-month % change -9.9% 4.9% 1.2% -6.4% -6.2% -1.5% 0.6% -0.1% 0.8%
year-over-year % change 8.2% -0.6% 9.9% 10.3% 7.7% 5.6% 8.7% 9.9% 9.6% 3.6% 9.6%
GRAND TOTAL 36.705 38.111 38.010 39.313 37.482 37.609 37.718 37.748 37.982 431.097 455.787
month-over-month % change -2.5% 3.8% -0.3% -1.4% -4.7% 0.3% 0.0% 0.1% 0.6%
year-over-year % change 0.2% 1.0% 8.0% 6.5% 2.3% 3.0% 6.5% 6.0% 5.7% 7.7% 5.7%
NON-RES BLDG + ENGINEERING 24.186 24.504 24.893 26.340 24.358 24.527 24.303 24.339 24.549 273.996 294.589
month-over-month % change -0.8% 1.3% 1.6% -1.4% -7.5% 0.7% 0.4% 0.1% 0.9%
year-over-year % change 4.9% 1.8% 11.3% 12.3% 6.8% 5.9% 6.7% 6.9% 7.5% 2.2% 7.5%
Data source: Reed Construction Data.
Table: Reed Construction Data - CanaData.
Name of file: "RCD Starts FINAL (Dec 14) - Extra.xlsx" in "U.S. 2014" folder
Latest month actuals Year to Date.
Value of U.S. Construction Starts - December 2014 - Reed Construction Data
Billions of current $s, not seasonally adjusted (NSA)
3-months
Moving averages (placed in end month)
12-months