Construction in Florida Major-Metro Markets Decreased (-1.4%) in Year-Over-Year Analysis, BidClerk Data Finds

Public Construction Decreased (-12.0%) and Private Construction Increased 18.5% Compared to the Same Period Last Year, According to the BidClerk Construction Index™

CHICAGO--(BUSINESS WIRE)--For major-metro regions in Florida, including: Jacksonville, FL; Miami-Fort Lauderdale-Pompano Beach, FL; Orlando-Kissimmee-Sanford, FL; Tallahassee, FL; and Tampa-St. Petersburg-Clearwater, FL, the BidClerk Construction Index™ (BCI) reported that there was a (-1.4%) decrease in construction projects that were actively bidding. Private construction activity increased 18.5%, while public construction decreased (-12.0%) compared to the same period last year.

In a quarter-over-quarter analysis for all construction projects that were actively bidding, the 4^th quarter 2012 BCI report showed that the major-metro regions in Florida experienced a decrease of (-13.3%) compared to an increase of 12.3% reported in BCI’s 3^rd quarter 2012 report. Fourth quarter public projects decreased (-16.2%), while private projects also decreased (-8.9%) over the same period.

In a year-over-year analysis for the Miami region, combined public and private construction projects that were actively bidding decreased (-11.6%) compared to one year ago. A BCI quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in Miami experienced a decrease of (-20.6%).

In a year-over-year analysis for the Orlando region, combined public and private construction projects that were actively bidding dropped (-3.1%) compared to one year ago. The BCI’s 3^rd quarter 2012 report of the Orlando region showed a decrease of (-3.3%). However, BCI quarter-over-quarter analysis for the 4^th quarter 2012 revealed that combined private and public construction projects that were actively bidding in the Orlando region increased 8.1%.

In a year-over-year analysis for the Tampa-St. Pete region, combined public and private construction projects that were actively bidding rose 9.2% compared to one year ago. This continues a growth trend; BCI’s 3^rd quarter 2012 report showed a 24.5% increase. However, BCI’s quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Tampa-St. Pete region experienced a decrease of (-20.8%).

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: [e-mail].

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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.