CONSTRUCTION REPORTS
U.S. Construction...
May Construction Starts Increase 3 Percent At a seasonally adjusted annual rate of $729.7 billion, new construction starts in May climbed 3 percent compared to April's already elevated pace, according to Dodge Data & Analytics. The nonbuilding construction sector provided much of the lift, given an exceptionally strong amount reported for the electric power and gas plant category, which reflected a massive liquefied natural gas (LNG) export terminal project in Texas being entered as a May start. Residential building showed modest improvement in May, helped by more multifamily housing, while nonresidential building fell sharply from its heightened April volume. During the first five months of 2015, total construction starts on an unadjusted basis were reported at $272.5 billion, up 25 percent from the same period a year ago. The current year has included the start of twelve massive projects valued each at $1 billion or greater, compared to five such projects during the corresponding period of 2014. If these projects valued at $1 billion or greater are excluded, total construction starts on an unadjusted basis would be up a more moderate 10 percent year-to-date.
Monthly Summary of Construction Contract Value
Prepared by Dodge Data & Analytics
MONTHLY CONSTRUCTION CONTRACT VALUE
Seasonally Adjusted Annual Rates, In Millions
| May 2015 | April 2015 | % Change | |
|---|---|---|---|
| Nonresidential Building | $208,143 | $287,805 | -28 |
| Residential Building | $258,866 | $253,033 | +2 |
| Nonbuilding Construction | $262,698 | $165,115 | +59 |
| Total Construction | $729,698 | $705,953 | +3 |
THE DODGE INDEX
(Year 2000=100, Seasonally Adjusted)
- May 2015...............154
- April 2015...............149
YEAR-TO-DATE CONSTRUCTION CONTRACT VALUE
Unadjusted Totals, In Millions
| 5 Mo. 2015 | 5 Mo. 2014 | % Change | |
|---|---|---|---|
| Nonresidential Building | $83,112 | $76,897 | +8 |
| Residential Building | $100,727 | $88,426 | +14 |
| Nonbuilding Construction | $88,690 | $52,178 | +70 |
| Total Construction | $272,529 | $217,501 | +25 |
Canada Construction...
May CANADATA Y-T-D Figures on Construction Starts
| Types of Construction | May | May | % Change |
|---|---|---|---|
| TOTAL CANADA | 2015 | 2014 | |
| ($ Millions) | |||
| RESIDENTIAL | 7,061 | 9,111 | -23 |
| COMMERCIAL | 2,691 | 3,055 | -12 |
| Major Sub-categories: | |||
| Office Buildings | 1,311 | 1,153 | 13 |
| Stores | 354 | 980 | -63 |
| INSTITUTIONAL | 3,168 | 2,416 | 31 |
| Major Sub-categories: | |||
| Medical | 1,173 | 4,858 | 141 |
| Education | 1,124 | 8,786 | 38 |
| INDUSTRIAL | 2,127 | 8,387 | -75 |
| Major Sub-categories: | |||
| Plants | 1,966 | 2,988 | -34 |
| ENGINEERING | 12,071 | 10,023 | 20 |
| Major Sub-categories: | |||
| Waterworks | 1,522 | 1,070 | 42 |
| Roads | 2,209 | 2,531 | -12 |
| Electric Power | 1,670 | 1,633 | 2 |
| Oil and Gas | 5,516 | 3,217 | 71 |
| ALL CONSTRUCTION | 25,203 | 25,443 | - -1 |
*Start figures are also available for many more categories of construction and according to provincial, city and county levels of regional detail. CanaData is a statistics-gathering and forecasting agency for the construction industry and is a part of CMD Canada, (416)-758-6400.
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