{"id":12109,"date":"2025-01-16T16:24:06","date_gmt":"2025-01-16T16:24:06","guid":{"rendered":"https:\/\/www.buildzoom.com\/blog\/?p=12109"},"modified":"2025-01-16T16:28:34","modified_gmt":"2025-01-16T16:28:34","slug":"construction-market-trends-for-december-2024","status":"publish","type":"post","link":"https:\/\/www.buildzoom.com\/blog\/construction-market-trends-for-december-2024","title":{"rendered":"Construction Market Trends for December 2024"},"content":{"rendered":"\n


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.<\/p>\n\n\n\n

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Regionally, Southeast was the only region that had an increase in New Construction activity (+2.35%), the Pacific remained static (0.00% change), while the Northeast (-1.83%), the Southwest (-1.96%), and the Midwest (-5.50%) all saw a decrease.<\/p>\n\n\n\n

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For alteration activity by region, similarly only one region saw an increase in activity month-over-month, the Pacific region (+5.92%), while all other regions came in at a decrease: Southwest (-2.14%), Southeast (-2.52%), Northeast (-4.01%), and Midwest (-7.33%) respectively.<\/p>\n\n\n\n

For MEP, looking at performance year-over-year, all three trades saw an increase: Electrical (+1.25%), Plumbing (+1.63%), and Mechanical (+6.62%)<\/p>\n\n\n\n

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Permit activity for ADUs saw a decline in December over November, with a -1.22% decrease. Year-over-year performance for ADU\u2019s is also up, however it maintains its general downtrend, coming in at +18.34% For reference, year-over-year growth was 46% and 40% in June and July, respectively.<\/p>\n\n\n\n

Solar installation activity had a decrease in December over November (-6.49%), and year-over-year growth is also coming in lower (-8.86%), however Solar is seeing an uptrend comparatively. For reference, year-over-year growth was -35% and -26% in June and July, respectively.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

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 that had an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[50,7,15,1522],"tags":[],"class_list":{"0":"post-12109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-projects","7":"category-buildzoom","8":"category-market-data","9":"category-market-trends","10":"entry","11":"has-post-thumbnail"},"_links":{"self":[{"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/posts\/12109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/comments?post=12109"}],"version-history":[{"count":0,"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/posts\/12109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/media?parent=12109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/categories?post=12109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buildzoom.com\/blog\/wp-json\/wp\/v2\/tags?post=12109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}