CHICAGO--()--For major-metro regions in Texas, including Dallas, Houston, San Antonio, Austin, and El Paso, the BidClerk Construction Index reports a decrease of (-2%) in construction projects that were actively bidding in Q2 2012, compared to the same quarter a year ago.
Public construction activity, which made up 61.3% of total construction activity in Q2 2012, saw a steep year-on-year drop of (-20.8%) in Texas major-metro regions. Over the same time period, private construction surged 27.7%. With the dramatic increase in private construction, private projects valued at over $1 million also surged, rising 12.2% over the same period in 2011.
The public / private divergence shows up again in a quarter-on-quarter analysis from Q1 to Q2 2012. There was a 24.6% increase in private construction projects, while public construction saw a quarter-on-quarter decrease of (-25.3%) in the regions examined. Combined private and public construction projects dropped (-6.3%) from Q1 to Q2 in 2012.
Counties surveyed by BidClerk included Dallas, Collin, Tarrant, Denton, Ellis, Fort Bend, Harris, Galveston, Brazoria, Bexar, Comal, Guadalupe, Wilson, Hays, Travis, Williamson, Bastrop, Caldwell, El Paso.
Today’s new job 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 to manufacturers, contractors, and distributors. All of BidClerk’s services are offered at subscription rates 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.