Construction in Florida Major-Metro Markets Increases 9.6% in Year-Over-Year Analysis, BidClerk Data Finds

CHICAGO--(BUSINESS WIRE)--For major-metro regions in Florida, including: Jacksonville, FL; Miami-Fort Lauderdale-Pompano Beach, FL; Orlando-Kissimmee-Sanford, FL; Tallahassee, FL; Tampa-St. Petersburg-Clearwater, FL, the BidClerk Construction Index™ (BCI) reported that there was an increase in construction projects that were actively bidding. This increase was for both private and public construction projects, which was evident in year-over-year and quarter-over-quarter analysis.

Overall, construction activity that was actively bidding experienced an increase of 9.6% compared to one year ago. Private construction activity rose 19.0%, while public construction rose 4.3%. In a quarter-over-quarter analysis for all construction projects that were actively bidding, the major-metro regions in Florida experienced an increase of 12.3%. Third quarter public projects saw an increase of 20.8% compared to the second quarter of 2012, while private projects increased 1.4% over the same period.

In a year-over-year analysis for the Miami region, combined public and private construction projects that were actively bidding rose 10.8% compared to one year ago, with private projects increasing 22.4% and public projects increasing 4.4%. A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in Miami experienced an increase of 12.3%, with private and public construction projects rising 2.8% and 19.3%, respectively.

In a year-over-year analysis for the Orlando region, combined public and private construction projects that were actively bidding dropped (-4.4%) compared to one year ago, with private projects decreasing (-3.1%) and public projects decreasing (-5.6%). A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Orlando region experienced a decrease of (-3.3%), with private and public construction projects dropping (-4.5%) and (-2.2%), respectively.

In a year-over-year analysis for the Tampa-St. Pete region, combined public and private construction projects that were actively bidding rose 24.5% compared to one year ago, with private projects increasing 23.7% and public projects rising 24.9%. A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Tampa-St. Pete region experienced an increase of 16.9%, with private construction decreasing (-9.1%) and public construction rising 37.8%.

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: BCI@bidclerk.com.

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With the most affordable solutions on the market, BidClerk is the widely recognized leader in providing construction project data and marketing tools for building product manufacturers, contractors, and distributors. All of BidClerk’s services are offered at subscription rates that are 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