SAN FRANCISCO—For major-metro regions in California, including Los Angeles-Long Beach-Santa Ana; San Francisco-Oakland-Fremont, Sacramento-Arden-Arcade-Roseville; San Diego-Carlsbad-San Marcos; and Riverside-San Bernardino-Ontario, there has been an overall increase in construction activity in year-over-year and quarter-over-quarter analysis, according to a new 4th quarter 2012 report from the BidClerk Construction Index™ (BCI).
In a year-over-year breakout of major-market California public and private construction projects that were actively bidding, the BCI found that overall construction activity increased 20.8%, compared to a (-2.9%) decrease reported by BCI for the 3rd quarter of 2012. Over the same period, private construction experienced a decrease of (-9.2%), while public construction experienced a dramatic increase of 34.4%.
BCI's quarter-over-quarter data showed mixed performance, with public construction increasing 13.4%, and private construction decreasing (-11.9%). This compares to BCI's 3rd quarter 2012 report, which showed a quarter-over-quarter decrease of (-18.7%) for all construction projects, with private construction decreasing (-13.1%) and public projects decreasing (-20.7%).
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