Southwest U.S. Major-Metro Construction Activity Increased 0.6% in Year-Over-Year Analysis, BidClerk Data Finds

Public Construction Increased 4.4%, While Private Construction Fell (-5.1%) Compared to the Same Period Last Year

CHICAGO--(BUSINESS WIRE)--For major-metro regions in the Southwest U.S., including Phoenix-Mesa-Glendale, AZ; Prescott, AZ; Tucson, AZ; Yuma, AZ; Las Vegas-Paradise, NV; Reno-Sparks, NV; Albuquerque, NM; and Santa Fe, NM, the BidClerk Construction Index™ (BCI) reported a very small 0.6% increase in private and public construction projects that were actively bidding in a year-over-year analysis. Private construction activity decreased (-5.1%), while public construction rose 4.4%, turning around last quarter’s trend, when public construction dropped (-6.0%) year-over-year.

In a quarter-over-quarter analysis for all construction projects that were actively bidding, the major-metro regions in the Southwest experienced a 4^th quarter 2012 decrease of (-4.9%). Fourth quarter 2012 private projects were down (-12.0%) compared to an increase of 15.4% in the 4^th quarter of 2012. Public construction increased just 0.2% over the same period, after decreasing (-12.5%) in BCI’s 3^rd quarter 2012 report.

In a year-over-year analysis, combined public and private construction projects that were actively bidding in the Phoenix region decreased (-3.4%) compared to an increase of 30.0% reported the previous quarter. In a quarter-over-quarter analysis, the BCI found that Phoenix construction activity decreased (-10.6%).

In a year-over-year analysis for the Las Vegas region, combined public and private construction projects that were actively bidding increased slightly, climbing 1.4%, compared to a 7.9% increase reported last quarter. In a quarter-over-quarter analysis, the BCI found that Las Vegas construction activity increased 8.0%.

In a year-over-year analysis for the Albuquerque region, combined public and private construction projects that were actively bidding increased dramatically, up 22.4%, compared to a decrease of (-34.1%) reported the previous quarter. A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Albuquerque region experienced an even larger increase, up 55.0%.

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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