Fla. Metro Construction Up 15.3% Year-Over-Year

For major-metro regions in Florida – Jacksonville, Miami-Fort Lauderdale-Pompano Beach, Orlando-Kissimmee-Sanford, Tallahassee and Tampa-St. Petersburg-Clearwater – the BidClerk Construction Index (BCI) found a 15.3 percent increase in construction projects that were actively bidding. Private construction activity increased just 0.8 percent, but public construction increased of 25.4 percent compared to the same period last year.

In a quarter-over-quarter analysis for Florida construction projects in the major metro markets actively bidding, first quarter 2013 saw an increase of 35.3 percent compared to a decrease of 13.3 percent reported in  4th quarter 2012. First quarter public and private projects increased 48.4 percent and 17.1 percent, respectively.

In a year-over-year analysis for the Miami region, for example, public and private construction projects increased 4.8 percent compared to one year ago. Quarter-over-quarter, the projects rose 37.3 percent.

In Orlando, combined public and private construction projects that were actively bidding increased 10.8 percent compared to one year earlier. Construction projects quarter-to-quarter increased 12.8 percent.

Combined public and private construction projects in the Tampa-St, Pete area increased 24.2 percent year-to-year, and 46 percent quarter-to-quarter. 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 large increase of 46 percent.

 





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