NY Metro Area Construction Activity Decreased (-21.6%) in Year-Over-Year Analysis, BidClerk Data Finds

Actively Bidding Public Projects Dropped (-10.8%) Quarter-Over-Quarter, While Private Projects Dropped (-4.4%), BidClerk Construction Index™ Reports

CHICAGO--(BUSINESS WIRE)--For the New York Metro Area, 4^th quarter 2012 data showed a drop of (-21.6%) in new construction projects that were actively bidding compared to the same period one year ago. The findings were just released by the BidClerk Construction Index™ (BCI). In a year-over-year analysis, private construction was up 1.9%, while public construction was down (-28.0%), compared to one year ago.

In a quarter-over-quarter analysis for both private and public projects combined, the 4^th quarter 2012 BCI data found that there was a decrease of (-9.1%) in construction projects that were actively bidding, compared to a decrease of (-23.9%) in the 3^rd quarter of 2012.

The same quarter-over-quarter BCI analysis also found that total private projects put out to bid dropped (-4.4%), compared to a drop of (-9.8%) in the 3^rd quarter 2012. Public construction also dropped (-10.8%) in the same period, compared to a (-27.9%) drop in the 3^rd quarter of 2012.

The regions surveyed in the BidClerk Construction Index study were New York, Northern New Jersey, and Long Island.

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 custom BidClerk Construction Index reports for specific counties, regions, and states by contacting BidClerk: [e-mail].

About BidClerk

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.