Private-sector construction in major North American cities is slowing, according to the latest RLB Crane Index. The number of tower cranes in use declined 10% since the first quarter of 2023.
The index, compiled by consulting firm Rider Levett Bucknall (RLB), found that only two of 14 cities—Boston and Toronto—saw increased crane counts. Boston was an outlier on the upside with crane count leaping 122%, from nine to 20. Toronto’s count was up just 1%.
Chicago, Denver, Las Vegas, Los Angeles, San Francisco, and Washington, D.C., all saw decreases greater than 20%. Los Angeles experienced a sharp drop (38%), partly due to a dip in office projects coming online. Calgary, Honolulu, New York, Phoenix, Portland, and Seattle all held steady in crane counts.
The residential sector, including mixed-use projects, continues to show the most consistent growth, making up 72% of the overall count. RLB expects the number of cranes in use to hold steady for the rest of 2023.
Related Stories
Building Owners | Dec 18, 2018
More-frequent catastrophes are exposing commercial real estate and properties to potentially higher insurance rates
A new report on the property and casualty market foresees modest rate hikes for construction projects.
Building Technology | Dec 18, 2018
Data and analytics are becoming essential for EC firms competing to rebuild America’s infrastructure
A new paper from Deloitte Consulting advises companies to revise their strategies with an eye toward leveraging advanced technologies.
3D Printing | Dec 7, 2018
Additive manufacturing heads to the jobsite
Prototype mobile 3D printing shop aims to identify additive manufacturing applications for construction jobsites.
Contractors | Oct 26, 2018
How three contractors expanded thin profit margins
If there’s one issue that every contractor is familiar with, it’s the challenge of finishing the job on time and on budget.
Contractors | Oct 26, 2018
Three ways construction leaders harness digital transformation
The construction industry is lagging behind others when it comes to digital transformation. Some construction firms “are still using paper-based processes that can only be described as archaic,” according to a 2016 report by PricewaterhouseCoopers LLP’s Strategy1.
Contractors | Oct 24, 2018
How seasoned construction pros handle the cost of scaling up
Here’s how seasoned operators meet the new demand for homes, offices and new locations without drowning in new expenses.
Contractors | Oct 2, 2018
Nonresidential spending reaches new high in August
Total nonresidential spending stood at $762.7 billion in August, an increase of 8.4% compared to one year ago.
Contractors | Oct 2, 2018
Katerra adds a Denver-area GC to its growing stable
Bristlecone Construction brings self-performing expertise in concrete and framing.
Architects | Sep 14, 2018
We’ve entered the golden age of brain science. What does it mean for AEC firms?
New research from the SMPS Foundation explores the known principles and most recent research surrounding the human brain and behavioral science. The goal: to discover connections between the science and the AEC business.
Contractors | Sep 5, 2018
Lean, tech, talent training highlight contractor innovations
From 5D estimating tools to interactive punch lists, the nation’s largest construction and construction management firms continue to push technology to gain an edge.
