CHICAGO--()--For major-metro regions in California, including Los Angeles-Long Beach-Santa Ana; San Francisco-Oakland-Fremont, Sacramento-Arden-Arcade-Roseville; San Diego-Carlsbad-San Marcos; and Riverside-San Bernardino-Ontario, there has been an overall increase in construction activity in year-over-year and quarter-over-quarter analysis, according to a new 4th quarter 2012 report from the BidClerk Construction Index™ (BCI).
In a year-over-year breakout of major-market California public and private construction projects that were actively bidding, the BCI found that overall construction activity increased 20.8%, compared to a (-2.9%) decrease reported by BCI for the 3rd quarter of 2012. Over the same period, private construction experienced a decrease of (-9.2%), while public construction experienced a dramatic increase of 34.4%.
BCI’s quarter-over-quarter data showed mixed performance, with public construction increasing 13.4%, and private construction decreasing (-11.9%). This compares to BCI’s 3rd quarter 2012 report, which showed a quarter-over-quarter decrease of (-18.7%) for all construction projects, with private construction decreasing (-13.1%) and public projects decreasing (-20.7%).
For the Los Angeles area in a year-over-year analysis, actively bidding construction projects saw a 17.3% increase in combined public and private projects. In a quarter-over-quarter analysis, BCI’s 4th quarter 2012 data showed that the Los Angeles area experienced an 18.5% increase in overall activity.
In the San Francisco area, total construction projects actively bidding saw an increase of 49.8% compared to the same period one year ago. In a quarter-over-quarter analysis, BCI’s 4th quarter 2012 data showed that overall construction activity was up only slightly, increasing 0.7%.
In the San Diego area, total construction projects that were actively bidding were up 10.6%, compared to the same period one year ago, the BCI found. In a BCI quarter-over-quarter analysis, the San Diego area also saw an increase of 14.1%.
The California counties surveyed by the BidClerk Construction Index include Los Angeles-Long Beach-Santa Ana; San Francisco-Oakland-Fremont; Sacramento-Arden-Arcade-Roseville; San Diego-Carlsbad-San Marcos; and Riverside-San Bernardino-Ontario.
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 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 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