NY Metro Area Construction Activity Decreases (-24.6%) in Year-Over-Year Analysis, BidClerk Data Finds

Actively Bidding Public Projects Dropped (-27.9%) Quarter Over Quarter, While Private Projects Dropped (-9.8%), BidClerk Construction Index™ Reports

CHICAGO--(BUSINESS WIRE)--For the New York Metro Area, third quarter 2012 data showed a drop of (-24.6%) in new construction projects that were actively bidding compared to the same period one year ago. In a bright spot of otherwise bad economic news, the same year-over-year analysis revealed that private construction projects experienced an increase of 8.2%, while public construction dropped (-31.9%). The findings were just released by the BidClerk Construction Index™ (BCI).

In a quarter-over-quarter analysis for both private and public projects combined, the third quarter 2012 BCI data found that there was a decrease of (-23.9%) in overall construction projects that were actively bidding.

BCI also found that total private projects out to bid dropped (-9.8%) in a quarter-over-quarter analysis, while public construction also dropped (-27.9%) in the same period.

The regions surveyed in the BidClerk Construction Index study were New York, Northern New Jersey, and Long Island.

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 custom BidClerk Construction Index reports for specific counties, regions, and states by contacting BidClerk: [e-mail].

About BidClerk

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.