Crane Index indicates slowing private-sector construction

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.