Understanding Construction Starts
This section contains information about the construction starts data available in Forecast. Included is a definition of historical and forecasted construction starts data, description of how the data is compiled, data sources and organization, update frequency, definitions of the data and a brief overview of the methodology used.
This section contains the following topics:
- 1 What is a Construction Start?
- 2 Construction Starts in Forecast
- 3 Categories Covered in Forecast
- 4 Geographies Covered in Forecast
- 4.1 United States
- 4.2 Canada
- 5 Frequency of Updates to Forecast Data
- 6 Construction Starts vs. Put-in-Place Construction Spending
- 6.1 Construction Starts
- 6.2 Put-in-Place
- 7 Data Sources for Forecast
- 8 How We Collect Data Collection for Forecast
- 9 How We Forecast Construction Starts
- 10 How We Convert Data into Construction Starts
- 11 Updates to Forecast Historical Starts Data
- 12 Single-Family Method
- 12.1 United States
- 12.2 Canada
What is a Construction Start?
A construction start date usually occurs within a month or two of the bid date. In concept, a start is equivalent to ground being broken for a project to proceed.
There are minor differences in the definition of a start between the United States and Canada:
Construction Starts in the United States
For the U.S., a start is defined as the date that a project reaches the start stage, as verified and reported by the U.S. ConstructConnect research team.
Construction Starts in Canada
A Canadian start is defined as the date that a project reaches the start stage, as verified and reported by the Canadian ConstructConnect research team.
Construction Starts in Forecast
Forecast contains both historical and forecasted construction starts data. ConstructConnect reports construction starts in terms of project value (nominal dollars) and square feet. For Forecast, this means that a start value is the estimate of the square foot value or total dollar value of construction work started in a given time period. Reported project values include the costs for labor and materials, overhead, interest and taxes paid during construction and contractor's profits.
Categories Covered in Forecast
ConstructConnect reports on new and existing structures for the private and public sector. The data in Forecast covers the following categories:
Summary category | Primary category | Subcategory |
Civil | Civil |
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Non-Residential | Commercial |
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Community |
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Education |
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Government |
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Industrial |
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Medical |
| |
Military |
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Retail |
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Residential | Residential |
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Residential (Census) | Residential |
Note: Single-Family starts for the most previous month are an estimate from Oxford Economics. Actuals are updated for the next calendar month. |
Geographies Covered in Forecast
The data in Forecast covers the following geographies:
United States
National
State
Metropolitan statistical area (MSA) – 363 metropolitan statistical areas
County – over 3000 state counties are included