Understanding Construction Starts

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:


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

  • Airport - includes Airport Construction,

  • All Other Civil - includes Parks, Landscaping, Railroad & Subway, Sidewalks, Curbs, Gutters, Military Non Building, Athletic Fields & Courts, Swimming Pools, Demolition (Civil), Electrical Work (Civil), Fencing, Machinery & Supplies, Pavement Markers, Tunnels, Miscellaneous (Civil), Sitework, Oil and Gas Pipelines

  • Bridges - includes Bridges & Culverts

  • Dams/Canals/Marine Work - includes Dams, Canals, Flood Control, Marine Work

  • Roads - includes Roads

  • Water & Sewage Treatment - includes Water & Sewage Treatment, Water & Sewage Piping

  • Power Infrastructure - includes Power Lines & Stations

Non-Residential

Commercial

  • Offices - includes Offices, Broadcast Studios

  • Parking Garages - includes Parking Garages

  • Transportation Terminals – includes Airport, Bus, Train and Ferry Terminals, and Subway Stations 

Community

  • Amusement - includes Movies & Entertainment, Park Buildings, Auditoriums, Clubs, Community Centers, Golf Courses / Country Clubs

  • Library / Museum - includes Libraries, Museums, Art Galleries   

  • Religious - includes Religious Classrooms, Religious Auditoriums, Churches, Mosques, Synagogues, Temples

  • Sports / Convention Center - includes Arenas / Convention Centers

Education

  • Education (Canada) - includes Canada All Education

  • College / University - includes School Laboratories, Dormitories, College, University – Miscellaneous

  • Elementary / Preschool - includes School Auditoriums, Classrooms, Elementary & Preschools Junior / Senior High School - includes Cafeterias, Gyms & Athletic Buildings, Jr / Sr High Schools, High Schools, Junior High Schools, Senior

  • Special / Vocational - includes Special Schools, Vocational Training

Government

  • Courthouse - includes Courthouses

  • Governmental Offices - includes Post Offices, Government – Miscellaneous Buildings, Governmental Offices

  • Police / Fire - includes Fire, Police Stations, Customs Buildings

  • Prisons - includes Prisons, Jails, Juvenile Detention Facilities, Correctional Centres 

Industrial

  • Industrial Labs / Labs / School Labs - includes Laboratories, Industrial Laboratories

  • Manufacturing - includes Manufacturing, Processing Plants

  • Warehouses - includes Warehouses, Office / Warehouses, Rental Warehouses

Medical

  • Hospitals / Clinics - includes Hospitals, Clinics, Kennels

  • Medical miscellaneous - includes Medical Offices, Outpatient Surgery Centers, Imaging Centers

  • Nursing Homes / Assisted Living - includes Nursing Homes, Assisted Living Facilities, Independent Living Facilities, Long-Term Care Facilities, Hospice

Military

  • Military - includes Military Housing, Military Offices, Military – Miscellaneous

Retail

  • Hotels / Motels - includes Hotels, Motels, Hotels, Budget, Hotels, Economy, Hotels, Mid-Price, Hotels, Upscale, Hotels, Luxury

  • Retail Miscellaneous - includes Automotive, Bank Branches, Funeral Homes, Restaurants

  • Shopping - includes Individual Stores, Shopping Centers, Food Stores

Residential

Residential

  • Multi-Family - includes Townhomes, Condominiums, Apartments

Residential (Census)

Residential

  • Single-Family - includes Single-Family Homes

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

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