Issue link: https://read.dmtmag.com/i/145703
58 • AUGUST 2013 • WORLD FENCE NEWS NEW YORK — At a seasonally adjusted annual rate of $495.7 billion, new construction starts in May advanced 5% from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. Much of the upward lift came from nonresidential building, which registered moderate growth for the second month in a row after its sluggish performance at the outset of 2013. Smaller gains in May were reported for housing and nonbuilding construction (public works and electric utilities). During the first five months The Dodge Report May construction of 2013, total construction starts on an unadjusted basis were reported at $187.6 billion, down 3% from the same period a year ago. The 2013 year-to-date volume for total construction reflected a steep decline in the dollar amount for new electric utility projects relative to a robust first half of 2012. 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Special sizes or shapes on request • KDT now available for T-posts Available in 12 ga, 11 ga, 9 ga, 7 ga, 6 ga Look for it at your local supplier or Call 800-749-7181 E-mail: sales@kdwire.brcoxmail.com AND MENTION WFN! Keener Dupont Wire Co., LLC MEMBER Where wire is our only business PIGTAIL AND MEMBER SQUARE KDT AVAILABLE! World Fence News has a Facebook page! struction." Nonresidential building in May grew 9% to $156.4 billion (annual climbs 5 percent rate), following its 6% rise in April. helped in particular by the strengthFor the commercial categories, ened pace for housing. stores and shopping centers are gathMay's data raised the Dodge Index ering momentum, with a 16% increase to 105 (2000=100), up from the 100 reported for May. Large retail projects that was reported for April, and that reached groundbreaking in May slightly above the average Index read- included a $60 million shopping center ing for all of 2012 at 101. in Fresno, Calif. and the $52 million "The construction industry has second phase of the City Point retail shown modest improvement over the and residential complex in Brooklyn, past year, helped by some project N.Y. types while restrained by others," New hotel construction starts stated Robert A. Murray, vice-presi- soared 94% in May, boosted by the dent of economic $415 million SLS affairs for Mc- During the first five months of Las Vegas hotel Graw Hill Con- 2013, total construction starts complex on the struction. "The on an unadjusted basis were site of the former housing sector reported at $187.6 billion, Sahara Hotel and played a leading Casino. down 3% from the same role last year in Office conperiod a year ago. lifting overall struction in May construction activity, and while this edged up 3%, following a substantial year's month-to-month gains have 58% jump in April. Large projects in been smaller, housing continues to May that helped to keep office conlead the hesitant construction expan- struction at its improved pace were the sion. $250 million renovation of the Inter"Nonresidential building has yet national Monetary Fund Headquarters to provide much of a contribution, as in Washington, D.C., the $200 million tenuous gains for commercial building renovation to the United Nations Genhave been offset by further weakness eral Assembly Building in New York, for institutional building. Still, the N.Y., a $120 million office building in April and May pickup for nonresiden- McLean, Va., and a $113 expansion to tial building could be a sign of more a data center in Dallas, Tex. growth to come," he said. "As for nonWarehouse construction was the building construction, the negative im- one commercial project type to retreat pact from the sequester has so far in May, sliding 7%, despite the start of turned out to be less severe on the pub- a $100 million distribution facility in lic works categories than anticipated. Edgerton, Kan. However, new electric utility starts are The nonresidential building total in the midst of sharp decline from last was helped in May by a considerable year's record amount, and the extent of gain for manufacturing plants, which that decline is limiting whatever gain jumped 70% with the start of a $378 may be possible this year for total con- million technology development MONTHLY SUMMARY OF CONSTRUCTION STARTS Prepared by McGraw-Hill Construction Research & Analytics MONTHLY CONSTRUCTION STARTS Seasonally Adjusted Annual Rates, in Millions of Dollars May 2013 Nonresidential building Residential building Nonbuilding construction Total construction Enter or click on the link below http://www.facebook.com/pages/World-Fence-News/121158604594820 Then click on "Like" to receive updates! $ 156,423 206,808 132,432 $ 495,663 $ 143,211 200,987 129,719 $ 473,917 9 3 2 5 May 2013 ........................................................... 105 April 2013.......................................................... 100 YEAR-TO-DATE CONSTRUCTION STARTS Unadjusted Totals, in Millions of Dollars World 5 Mos. 2013 News from the World of Fencing, Access Control and Security + + ___+ + THE DODGE INDEX View our web page at www.worldfencenews.com © Percent Change (Year 2000 = 100, Seasonally Adjusted) Any questions, contact World Fence News at 800-231-0275 Fence News April 2013 Nonresidential building Residential building Nonbuilding construction Total construction 5 Mos. 2012 $ 55,837 81,192 50,585 $ 187,614 $ 60,756 61,523 71,172 $ 193,451 Percent Change – 8 + 32 – 29 – 3