The construction market had an increase in March over February, and New Construction continued to remain fairly static year-over-year, and Alterations saw an increase. New Construction Month over Month change: +7.51%; Year-over-Year Change: -0.01% Alterations Month over Month change: +7.03%; Year-over-Year Change: +1.01% Regionally, all regions saw an … [Read more...]
Construction Market Trends for December 2024
New construction activity for the US dropped in December (-2.92%), and year-over-year there was a -4.56% decrease compared to December 2023. Alteration activity saw a similar decrease in December over November (-3.01%). However, year-over-year alteration performance saw an increase, coming in at +2.39% over December 2023. Regionally, Southeast was the only region … [Read more...]
Construction Market Trends for November 2024
New construction activity for the US dropped in November (-5.52%), however it was not as much of a drop as it was last year, with Nov 2023 coming in at a -7.3% decrease. A small decrease is expected in December. Alteration activity saw a similar decrease in November over October (-5.33%). Year-over-year alteration performance was static, with no change over last … [Read more...]
Construction Market Trends for August 2024
New construction activity for the US continued the pattern from July 2024 and decreased in August. This means a -5% change for new construction from a year-over-year point of view. Alteration activity also dipped again in August, although not as much in magnitude as new construction. For alterations, year-over-year growth remained positive at 1%. Regionally, similar to … [Read more...]
Construction Snapshot for July 2024
National new construction activity continued the pattern from June and decreased in July 2024. From a year-over-year growth perspective, this corresponds with 0% growth for new construction. In a similar vein, alteration activity dipped slightly again in July, although year-over-year growth stayed positive at 2%. Breaking it down by region, only the Pacific region saw … [Read more...]