Small Business
Construction up 9.8% in Major California Cities
Quarter-Over-Quarter Private and Public Construction Activity Jumped 22.4%
Apr. 20, 2013
April 22, 2013 – A new report shows that for major-metro regions in California, including the Los Angeles market, the Bay Area, Sacramento, San Diego and Riverside, construction activity has been mixed in year-over-year and quarter-over-quarter analysis. That is according to a new 1st quarter 2013 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 9.8% compared to a 20.8% increase reported by BCI for the 4th quarter of 2012. Over the same period, private construction experienced a decrease of (-22.8%) while public construction experienced an increase of 25.8%.
BCI’s quarter-over-quarter data showed strong overall increases, with public construction increasing 22.9% and private construction increasing 20.6%. This compares to BCI’s 4th quarter 2012 report, which showed a quarter-over-quarter increase for public construction of 13.4% and a decrease in private construction of (-11.9%). Average contract value decreased (-23.7%).
For the Los Angeles area in a year-over-year analysis, actively bidding construction projects experienced an 8.1% increase in combined public and private projects. In a quarter-over-quarter analysis, BCI’s 1st quarter 2013 data showed that the Los Angeles area experienced a 20.8% increase in overall activity.
In the San Francisco area, the BCI found that total construction projects actively bidding experienced an increase of 41.8% compared to the same period one year ago. In a quarter-over-quarter analysis, BCI’s 1st quarter 2013 data showed that overall construction activity was up 24.6%.
In the San Diego area, the BCI found that total construction projects that were actively bidding were up just 0.7% compared to the same period one year ago. In a BCI quarter-over-quarter analysis, the San Diego area saw a greater increase of 13.9%.
The California counties surveyed by the BidClerk Construction Index include Los Angeles-Long Beach-Santa Ana, CA; San Francisco-Oakland-Fremont, CA; Sacramento-Arden-Arcade-Roseville, CA; San Diego-Carlsbad-San Marcos, CA; and Riverside-San Bernardino-Ontario, CA.
This 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.