CHICAGO--(BUSINESS WIRE)--For Washington DC major-metro regions, including Washington-Arlington-Alexandria, DC-VA-MD-WV and Baltimore-Towson, MD, the 4th quarter 2012 BidClerk Construction Index™ (BCI) reported a year-over-year increase in construction projects that were actively bidding for both private and public construction projects. Total construction was up 14.5%, with private construction up 26.9% and public construction showing a smaller gain of 5.9%.
However, 4th quarter 2012 data from BCI showed that quarter-over-quarter private construction activity was down (-7.7%) and public construction was down (-4.0%). Total quarter-over-quarter construction activity was down (-5.1%). This compares to a recent quarter-over-quarter BCI analysis for the 3rd quarter of 2012 which showed that all Washington DC-region construction projects that were actively bidding decreased (-10.9%).
In a year-over-year analysis for the District of Columbia, construction projects that were actively bidding increased 16.8%, but a quarter-over-quarter analysis showed that overall construction activity was down (-6.5%).
In a year-over-year analysis for the Baltimore region, combined public and private construction projects that were actively bidding increased 9.9% compared to one year ago, but a quarter-over-quarter analysis by BCI revealed a (-2.0%) drop in activity. This compares with a BCI 3rd quarter 2012 report which showed that quarter-over-quarter construction activity had decreased (-20.4%).
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: 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