NY Metro Area Sees (-19.4%) Year-on-Year Decrease In New Construction, BidClerk Construction Index™ Reports
For the New York Metro Area, Q2 2012 data showed a (-22.9%) drop in new public construction projects that were actively bidding. Private construction projects also saw a decline in activity, dropping (-1.3%). The findings were just released by the BidClerk Construction Index.
For both private and public projects combined, the Q2 2012 BidClerk Construction Index data found that there was a (-19.4%) decrease in overall construction projects that were actively bidding.
Even with the negative news for New York Metro Area, there was a rise in value for both private and public projects in the $1 million+ category. Actively bidding construction projects saw a 58.8% rise in average value to $10,482,264, compared to $6,598,958 a year ago.
In a year-to-date Q1 to Q2 analysis, the BidClerk Construction Index found that there was a (-5.5) drop in overall construction projects, with private projects showing a 4.2% rise and public projects showing a (-7.6%) drop.
The counties included in the BidClerk Construction Index study were Bronx, Essex (NJ), Hudson (NJ), Kings, Nassau, New York, Queens, Richmond, Suffolk, and Westchester.
Today’s new job data was released by BidClerk, a leading provider of construction project data and marketing tools for building product manufacturers, contractors, and distributors. The BidClerk Construction Index is a quarterly data service offered at no cost to media outlets that cover regional construction news. Members of the media may request a custom BidClerk Construction Index report for a specific area by contacting BidClerk: BCI@bidclerk.com.
With the most affordable solutions on the market, BidClerk is the widely recognized leader in providing construction project data and marketing tools to manufacturers, contractors, and distributors. All of BidClerk’s services are offered at subscription rates far below those charged by McGraw-Hill Construction (NYSE: MHP) or Reed Construction Data (Rel: Ln). Users can try BidClerk for $5.95 for full national access to its project database for three days. More info: www.BidClerk.com.