Rock Products

FEB 2019

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76 • ROCK products • February 2019 ECONOMICS $1.4 billion Terminal One building at Newark Liberty International Airport and a $655 million concourse expan- sion project at Denver International Airport. Amusement-related work dropped 18 percent from October that included groundbreaking for the $860 million expansion of the Las Vegas Convention Center in Las Vegas. Easing the amuse- ment category's November decline were the start of two additional large projects in Las Vegas – the $450 mil- lion Madison Square Garden Sphere performance venue and the $323 mil- lion Caesar's Forum Convention and Meeting Center. Decreased activity in November was also reported for healthcare facilities, down 8 percent; and public buildings, down 49 percent; while the church con- struction category ran counter with a 45 percent jump after a very weak October. Educational facilities, the largest insti- tutional building category, retreated 6 percent in November despite ground- breaking for the $164 million Dayton Avenue elementary and middle school campus in Passaic, N.J., and a $140 million addition to the W.K. Kellogg Institute and Dental Building at the Uni- versity of Michigan in Ann Arbor, Mich. The commercial categories as a group climbed 14 percent in November, on top of the 47 percent increase that was reported in October, with much of the November boost coming from the start of the $1.5 billion Manchester Pacific Gateway complex in San Diego that includes two hotels, four office build- ings, a parking garage, retail space and museum space. Hotel construction in November advanced 22 percent, ben- efitting from the start of a $573 million convention center hotel and a $70 million boutique hotel at the Manchester Pacific Gateway complex, as well as the start of the $241 million Omni Hotel in Oklahoma City and the $112 million hotel portion of the $200 million Harrah's Cherokee Casino Hotel/Convention Center expan- sion in Cherokee, N.C. The office-building category in Novem- ber receded just 2 percent after soaring 121 percent in October, as that month reflected the lift coming from such proj- ects as the $644 million office portion of the $1.3 billion Winthrop Square Tower in Boston. In November the office cat- egory included four office buildings at the Manchester Pacific Gateway com- plex valued at a combined $544 million, plus the start of a $750 million Facebook data center in Covington, Ga., a $530 million California state office building in Sacramento, Calif, and a $300 million Google data center in Henderson, Nev. Store construction in November grew 26 percent, aided by $76 million estimated for retail space at the Man- chester Pacific Gateway complex, and the commercial garage category rose 24 percent with the help of the $174 mil- lion garage portion of the Manchester Pacific Gateway complex. Warehouse construction in November advanced 43 percent, featuring the start of a $200 million warehouse center in Ontario, Calif., and three Amazon distribution centers located in Charlotte, N.C. ($167 million), Garner, N.C. ($166 million) and Las Vegas ($92 million). Residential Building Residential building in November was $327.5 billion (annual rate), down 1 percent from October. Single-fam- ily housing was unchanged from its October pace, staying basically at the plateau that's been present for much of 2018. Multifamily housing receded 3 percent in November following its 20 percent rise in October. There were 10 multifamily projects valued at $100 million or more that reached groundbreaking in November, compared to 13 such projects in Octo- ber. The large multifamily projects in November included the $215 million Victory Park Apartments in Dallas, the $200 million Spring Street North block development in Seattle and the $160 million multifamily portion of a $190 million mixed-use development in Philadelphia. Nonbuilding Construction Nonbuilding construction in November was $182.0 billion (annual rate), down 2 percent from October. The public works categories as a group retreated 27 percent after rising 12 percent over the previous three months. Highway and bridge construction fell 33 percent following a 28 percent hike in October that featured the start of the $1.3 billion U.S. portion of the Gordie Howe International Bridge connecting Detroit and Windsor Ontario, Canada, as well as the $802 million I-395 project in Miami. The largest highway and bridge projects entered as Novem- ber starts were the $274 million replacement of the upper roadways of the Queensboro Bridge in New York and the $231 million reconstruction of I-75 in Troy, Mich. The miscellaneous public works category, which includes pipelines and rail transit projects, dropped 51 percent from October that included the start of the $2.0 billion Gray Oak oil pipeline which will transport crude oil from the Permian Basin to the Corpus Christi, Texas, area. River/harbor development also weakened in November, sliding 21 percent. On the plus side for public works, sewer construction climbed 78 percent in November, while water supply construction improved 26 percent with the lift coming from a $320 million water treatment plant project in the Denver area. The nonbuilding construction total in November was sup- ported by a 179 percent jump for the electric utility/gas plant category, following a lackluster amount in October. Large electric utility/gas plant projects that were entered as November construction starts were a $3.0 billion liquefied natural gas export terminal in the Corpus Christi, Texas, area and a $1.5 billion expansion of a natural gas liquids fractionators plant in the Houston area.

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