Index shows big construction gains in 2013

Total construction contract value in the 25 largest metropolitan statistical areas in the United States hit $125.3 billion in 2013, according to the recent BidClerk Construction Index.

The company, which provides construction project data and marketing tools to manufacturers, contractors and distributors, found that 20 of the 25 largest MSAs reported increased contract values in 2013 over 2012. It gathered its data by surveying its actively bidding commercial construction database about their construction activity last year.

The only MSAs to experience decreases were Phoenix-Mesa-Glendale, Ariz., which slipped 6.7 percent; Denver-Aurora-Broomfield, Colo., which decreased 23.07 percent; and Houston-Sugarland-Baytown, Texas, which saw contract values dip 27.52 percent.

"Despite some regions showing decreases, the overall national trend for construction contract values in 2013 reflects a strengthening construction industry," says Scott Waterbury, BidClerk's chief operating officer. "This BCI release confirms expanding opportunities for construction professionals and manufacturers using the BidClerk platform to access project data and bid new work in 2014."

BidClerk's numbers indicate that construction contracts for projects containing concrete increased 30.45 percent year over year in 2013. The 25 largest MSAs actively bid $125.3 billion of contract opportunities last year, as well.

The MSAs that posted the greatest increases include the country's two largest: New York-Northern New Jersey-Long Island in New York, New Jersey and Pennsylvania; and Los Angeles-Long Beach-Santa Ana in California. Others that followed include:

  • Chicago-Joliet-Naperville in Illinois, Indiana and Wisconsin;
  • Boston-Cambridge-Quincy in Massachusetts and New Hampshire;
  • Baltimore-Towson, Md.;
  • St. Petersburg-Clearwater, Fla.; and
  • Portland-Vancouver-Hillsboro, Ore.
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