Rock Products

DEC 2013

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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by the $305 million expansion to the Henry B. Gonzalez Convention Center in San Antonio, while the transporta‐ tion terminal category was sup‐ ported by the start of the $136 million Hobby Airport International Concourse in Houston. Residential Building Residential building, at $209.5 billion (annual rate), increased 3 percent in October. Single‐family housing grew 2 percent, rebounding after slipping 2 percent in September. The dollar amount for single family housing in October was up 12 percent from the start of the year, as this category re‐ turned to the gradual yet steady up‐ ward trend that's been present for most of 2013. By geography, single family housing in October was led by gains in the Northeast (up 8 percent) and the West (up 5 percent), while activity was basically flat in the South At‐ lantic and the South Central, and ac‐ tivity in the Midwest was down 2 percent. Multifamily housing in Octo‐ ber climbed 6 percent, making a par‐ tial rebound after sliding 14 percent in September. Large multifamily projects that con‐ tributed to the October gain were a $268 million condominium hotel in Honolulu, a $162 million apartment building in Boston, and an $84 mil‐ lion apartment building in Mineola, N.Y. Nonbuilding Construction Nonbuilding construction dropped 6 percent in October to $159.2 billion (annual rate). The decline was the result of a sharp downturn for elec‐ tric utility construction, which fell 75 percent in October after experienc‐ ing a brief spike in activity during September. There were two large electric utility projects that reached the start stage in October, a $750 million natural gas‐fired power plant in Texas and a $200 million wind farm in Michigan, but these were smaller in scale than the large utility projects entered as September starts. The public works categories com‐ bined were up 28 percent in October, due primarily to a 326 percent surge for bridge construction that reflected $2.8 billion for the start of structural work on the Tappan Zee Bridge re‐ placement project across the Hudson River in the Tarrytown, N.Y., area. Earlier, site work totaling $300 mil‐ lion for this project had been re‐ ported, bringing the estimated construction start cost for the entire project to $3.1 billion. Moving in the opposite direction, miscellaneous public works fell 4 percent in October, although it did include the $440 million Northgate Link Extension vehicle tunnel in Seattle. Steeper declines in October were reported for water supply sys‐ tems, down 20 percent; and river/harbor development, down 50 percent. E Monthly Construction Starts www.rockproducts.com During the first 10 months of 2013, total construction starts on an unadjusted basis came in at $433.0 billion, up 4 percent from the same period a year ago. If the electric utility category is excluded from the year-to-date statistics, total construction starts for the first 10 months of 2013 would be up 13 percent. The 4 percent gain was due to varied behavior by the three main construction sectors. ■ ■ October gains were also reported for sewer construction, up 45 percent with the help of a $263 million waste water treatment plant in Maryland, and high‐ way construction, up 8 percent. (Seasonally Adjusted Annual Rates, In Millions of Dollars) Oct 2013 Nonresidential Building $216,905 Residential Building $209,494 Nonbuilding Construction $159,204 TOTAL Construction $585,603 Year-to-Date Data Sept 2013 $181,430 $204,255 $170,098 $555,783 % Change +20 +3 -6 +5 ■ Nonresidential building year-to-date rose 6 percent, as the result of this pattern by segment Ð commercial building, up 11 percent; manufacturing building, up 50 percent; and institutional building, down 3 percent. Residential building yearto-date climbed 26 percent, with single family housing up 28 percent and multifamily housing up 18 percent. Nonbuilding construction year-to-date dropped 17 percent, with a steep 62 percent plunge for electric utilities more than offsetting a 5 percent gain for public works. By region, total construction starts in the first 10 months of 2013 showed increases in three of the five major regions Ð the Northeast, up 19 percent; the Midwest, up 10 percent; and the West, up 6 percent. Through the first 10 months of 2013, the dollar amount for the educational building category was still down 1 percent from the prior year, but the shortfall has been narrowing ROCKproducts • DECEMBER 2013 47

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