Market Overview

Construction in DC Major-Metro Markets Increases 11% in Year-Over-Year Analysis, BidClerk Data Finds

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For Washington DC major-metro regions, including Washington-Arlington-Alexandria, DC-VA-MD-WV and Baltimore-Towson, MD, the BidClerk Construction Index™ (BCI) reported that there has been an overall increase in construction projects that were actively bidding. This increase was for both private and public construction projects, which was evident in year-over-year and quarter-over-quarter analysis.

Overall, construction activity that was actively bidding experienced an increase of 11.0% compared to one year ago. Private construction rose 24.6%, while public construction rose 2.5%. However, in a quarter-over-quarter analysis, all Washington DC-region construction projects that were actively bidding decreased (-10.9%). Third quarter private and public projects decreased (-11.4%) and (-9.7%), respectively, compared to the second quarter of 2012.

In a year-over-year analysis for the District of Columbia, combined public and private construction projects that were actively bidding increased 15.4% compared to one year ago, with private projects increasing 32.8% and public projects experiencing an increase of 1.9%. A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the District of Columbia experienced a decrease of (-5.9%), with private and public construction projects dropping (-9.2%) and (-1.3%), respectively.

In a year-over-year analysis for the Baltimore region, combined public and private construction projects that were actively bidding increased slightly, climbing 2.3% compared to one year ago, with private projects increasing 2.7% and public projects increasing 3.5%. However, a quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Baltimore region experienced a decrease of (-20.4%), with private and public construction projects dropping (-18.3%) and (-20.3%), respectively.

Nationally, BCI found that combined public and private construction projects that were actively bidding increased 3.0% in the third quarter of 2012, compared to the same quarter a year ago. BCI also found that third quarter 2012 public construction increased modestly, rising just 0.2%, while third quarter 2012 private construction jumped 12.3%, year-over-year.

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.

About BidClerk

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

For BidClerk
John D. Wagner, 919-796-9984
Jdwagner@WagnerPR.com

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