CONEXPO-CON/AGG VIP SHOW GUIDE 2014

2014

CONEXPO-CON/AGG VIP SHOW GUIDE contains Floor Plans and a complete listing of companies exhibiting at the ConExpo-Con/Agg 2014 trade show in Las Vegas March 3-7, 2014. It also contains 2014 forecasts for the Aggregate, Concrete and Cement industries

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AGGREGATES & CONSTRUCTION MARKET REPORT Spending on private construction was at a seasonally adjusted annual rate of $663.9 billion, 1.0 percent (±1.0 percent) above the revised November estimate of $657.1 billion. Residential con- struction was at a seasonally adjusted annual rate of $352.6 bil- lion in December, 2.6 percent (±1.3 percent) above the revised November estimate of $343.8 billion. Nonresidential construc- tion was at a seasonally adjusted annual rate of $311.3 billion in December, 0.7 percent (±1.0 percent)* below the revised Novem- ber estimate of $313.4 billion. The value of private construction in 2013 was $627.2 billion, 8.5 percent (±1.5 percent) above the $577.9 billion spent in 2012. Residential construction in 2013 was $330.7 billion, 18.0 percent (±2.1 percent) above the 2012 figure of $280.3 billion and non- residential construction was $296.5 billion, 0.4 percent (±1.5 per- cent)* below the $297.7 billion in 2012. In December, the estimated seasonally adjusted annual rate of public construction spending was $266.6 billion, 2.3 percent (±1.8 percent) below the revised November estimate of $272.8 billion. Educational construction was at a seasonally adjusted annual rate of $58.2 billion, 7.2 percent (±3.1 percent) below the revised November estimate of $62.7 billion. Highway construc- tion was at a seasonally adjusted annual rate of $84.0 billion, 1.8 percent (±3.9 percent)* above the revised November estimate of $82.5 billion. The value of public construction in 2013 was $271.2 billion, 2.8 percent (±1.8 percent) below the $279.0 billion spent in 2012. Educational construction in 2013 was $62.4 billion, 8.4 percent (±3.1 percent) below the 2012 figure of $68.2 billion and highway construction was $81.1 billion, 1.0 percent (±4.9 percent) above the $80.4 billion in 2012. Construction Starts New construction starts in December grew 5 percent to a seasonal- ly adjusted annual rate of $554.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Although both nonresidential building and housing settled back during the final month of 2013, the nonbuilding construction sector (public works and electric utilities) finished the year on a strong note. Highway construction was up 19 percent. In December, large projects that were entered as construction starts included the $1.5 billion Goethals Bridge replacement proj- ect in New York and New Jersey, two large natural gas-fired power plants, and two large manufactur- ing plants. Nonresidential building in December slipped 7 percent to $168.6 billion (annual rate), pull- ing back for the second month in a row after its elevated pace in Octo- ber, although its fourth quarter average was still 17 percent above what was reported in the first quarter. Several commercial categories in December paused from the improved activity registered earlier in the fall. New office con- struction dropped 44 percent from November which had been lift- ed by the start of such projects as the $336 million Transbay office tower in San Francisco; in contrast, the largest office projects entered as December starts were an $80 million office complex in Cary, N.C., and a $73 million data center in West Des Moines, Iowa. Similar December declines were registered by hotels, down 42 percent; and warehouses, down 46 percent; although the latest month did include the start of an $88 million Amazon distribu- tion center in Windsor, Conn. Store construction, which was the one commercial category that did not post a November gain, man- aged to increase 6 percent in December. The December pause for nonresidential building was cushioned by a sharp 110 percent jump for manufacturing buildings, which reflected the start of two massive chemical plants in Louisiana, each valued at $500 million. The institutional building categories in December were mixed. Educational facilities grew 5 percent, helped by the start of a $213 medical research building in Boston and a $151 million col- lege science building in Chicago. Healthcare facilities in December jumped 30 percent from the prior month's subdued amount, and featured groundbreaking for an $80 million hospital in Virginia and a $70 million cancer center in Wisconsin. VIP Show Guide March 2014 • 19 U854.indd 19 2/14/14 12:10 PM

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