Ohio Major-Metro Markets Experience a Decrease of (-12.4%) in Year-Over-Year Analysis, BidClerk Data Finds

Public Construction Decreased (-14.6%) and Private Construction Decreased (-5.8%) Compared to the Same Period Last Year.

CHICAGO--(BUSINESS WIRE)--For major-metro regions in Ohio, including Akron, OH; Cincinnati-Middletown, OH-KY-IN; Cleveland-Elyria-Mentor, OH; Columbus, OH; Dayton, OH; Toledo, OH; Youngstown-Warren-Boardman, OH-PA, the BidClerk Construction Index™ (BCI) reported that there was an overall decline in construction projects that were actively bidding. A year-over-year and quarter-over-quarter analysis revealed that both private and public construction projects experienced declines.

Overall, construction activity that was actively bidding experienced a decrease of (-12.4%) compared to one year ago. Private construction activity dropped (-5.8%), while public construction dropped (-14.6%). In a quarter-over-quarter analysis for all construction projects that were actively bidding, the major-metro regions in Ohio experienced a decrease of (-17.7%). Third quarter private projects experienced a decrease of (-6.1%) and public projects decreased (-21.4%) compared to the second quarter of 2012.

In a year-over-year analysis, combined public and private construction projects that were actively bidding in the Cleveland region dropped (-5.0%) compared to one year ago, with private projects decreasing (-13.6%), but public projects showing no change. A BCI quarter-over-quarter analysis also revealed contraction of the construction sector in the Cleveland region. Combined private and public construction projects that were actively bidding in the Cleveland region experienced a decrease of (-24.3%), with private and public construction projects decreasing (-3.4%) and (-31.7%), respectively.

In a year-over-year analysis for the Cincinnati region, combined public and private construction projects that were actively bidding decreased (-17.8%) compared to one year ago, with private projects increasing 15.1%, but public projects decreasing (-24.8%). A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Cincinnati region experienced a decline of (-13.5%), with private and public construction projects dropping (-11.6%) and (-14.2%), respectively.

In a year-over-year analysis for the Columbus region, combined public and private construction projects that were actively bidding dropped (-3.2%) compared to one year ago, with private projects increasing 6.9%, but public projects decreasing (-7.5%). A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Columbus region experienced a decrease of (-14.3%), with private construction projects increasing 4.0%, but public construction projects dropping (-21.1%).

Nationally, BCI found that combined public and private construction projects that were actively bidding increased 3.0% in the third quarter of 2012, compared to the same quarter a year ago. BCI also found that third quarter 2012 public construction increased modestly, rising just 0.2%, while third quarter 2012 private construction jumped 12.3%, year-over-year.

Today’s new construction project 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].

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