Southwest U.S. Major-Metro Markets Experience an Increase of 6.0% in Year-Over-Year Analysis, BidClerk Data Finds

CHICAGO--(BUSINESS WIRE)--

For major-metro regions in the Southwest U.S., including Phoenix-Mesa-Glendale, AZ; Prescott, AZ; Tucson, AZ; Yuma, AZ; Las Vegas-Paradise, NV; Reno-Sparks, NV; Albuquerque, NM; and Santa Fe, NM, the BidClerk Construction Index™ (BCI) reported a small 6% increase in private and public construction projects that were actively bidding in a year-over-year analysis.

Overall, construction projects that were actively bidding increased 6.0% compared to one year ago. Private construction activity increased 29.4%, while public construction was down (-6.0%). In a quarter-over-quarter analysis for all construction projects that were actively bidding, the major-metro regions in the Southwest experienced a decrease of (-2.7%). Third quarter private projects increased 15.4% while public construction decreased (-12.5%), compared to the second quarter of 2012.

In a year-over-year analysis, combined public and private construction projects that were actively bidding in the Phoenix region increased 30.0% compared to one year ago. Private projects increased 62.6% and public projects experienced an increase of 5.0%.

A BCI quarter-over-quarter analysis also revealed contraction of the Phoenix construction activity. Combined regional private and public construction projects that were actively bidding experienced a decrease of (-1.2%). Private construction projects increased 23.4% and public construction projects dropped (-20.1%).

In a year-over-year analysis for the Las Vegas region, combined public and private construction projects that were actively bidding increased 7.9% compared to one year ago, with private projects decreasing (-9.5%), but public projects experiencing an increase of 25.0%.

A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Las Vegas region experienced a decrease of (-11.6%), with private construction projects rising 11.8% and public construction projects dropping (-23.1%).

In a year-over-year analysis for the Albuquerque region, combined public and private construction projects that were actively bidding dropped (-34.1%) compared to one year ago, with private and public projects decreasing (-18.5%) and (-40.6%), respectively.

A quarter-over-quarter analysis revealed that combined private and public construction projects that were actively bidding in the Albuquerque region experienced a decrease of (-11.8%), with private construction projects increasing 4.8% and public projects dropping 19.2%.

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.

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