The Blue Book Network Velocity Index ticked up 0.5% to 100.9 in February from a revised 100.5 in January (December 2018 = 100). This the most stable the Index has been since before the pandemic began.
The Blue Book Network Velocity Index is a measure of month-to-month changes in bidding activity in The Blue Book Network, accounting for seasonality, providing a leading indicator of construction spending to inform critical decision making.
Analysis by building sector shows that the manufacturing, institutional, and multifamily categories fell back slightly, but were offset by gains in commercial and lodging. Lodging jumped nearly 50% to 69.4 following a 44% increase from December to January.
Some highlights:
• The institutional building sector dipped 2.5% to 117.2, but showed strengthening in the Midwestern states
• The manufacturing sector was mostly unchanged, with Pennsylvania, Massachusetts, Virginia, Washington, and Louisiana gaining
• The commercial buildings sector climbed 3.6% to 75.1
• Lodging continued its two-month recovery with strong gains mostly in the Sun Belt
• Multifamily, while down slightly, remained strong at 118.8, bolstered by Midwest and Southeast states
• States split the difference in February, with 22 on the rise
• Midwest states held the line with most showing moderate increases
• Larger states losing ground included California, Florida, New York, and Texas, with modest declines.
More on the The Blue Book Network Velocity Index.
Related Stories
| Dec 9, 2012
14 great solutions
Welcome to the third installment of Building Design+Construction’s “Great Solutions,” highlighting 14 innovative technologies and products that you can put to work in your next project.
| Dec 9, 2012
D’ambrosio joins BD+C’s editorial board
D’Ambrosio, a 2009 selection to the magazine’s “40 Under 40” galaxy of AEC superstars, holds a bachelor’s in architectural engineering from the Pennsylvania State University.
| Dec 9, 2012
AEC professionals cautiously optimistic about commercial construction in ’13
Most economists say the U.S. is slowly emerging from the Great Recession, a view that was confirmed to some extent by an exclusive survey of 498 BD+C subscribers whose views we sought on the commercial construction industry’s outlook on business prospects for 2013.
| Dec 6, 2012
Suffolk Construction awarded Phase Two of Boston’s Old Colony redevelopment project
Project team breaks ground on South Boston public housing project designed for energy efficiency.
| Dec 5, 2012
Gilbane publishes Winter 2012 construction economic report
Report outlines impact of recent events; predicts continued movement, while slow, toward recovery.
| Dec 5, 2012
Bernards selected to build new Merced, Calif. high school campus
Designed by BCA Architects, the $76 million, 220,000-ft project encompasses a total of nine buildings.
| Dec 5, 2012
McIntyre appointed Business Development Director for Shawmut’s Sports Venue Group
McIntyre will be tasked with expanding existing client relationships and creating new partnerships.
| Dec 4, 2012
MKK’s Denver Human Services Eastside Building wins ACEC Excellence Award
MKK provided mechanical, plumbing and fire protection consulting services on this LEED-NC Gold project.
| Dec 4, 2012
Thornton Tomasetti opens new office in São Paulo, Brazil
The move to São Paulo is strategic and timely, as the country continues preparations for the 2014 World Cup and 2016 Olympic Games in Rio de Janeiro.