Illinois & Regional Major-Metro Construction Activity Experienced a 47.5% Increase Year-Over-Year, BidClerk Data Shows
For major-metro regions in Illinois and surrounding areas, including
Chicago-Naperville-Joliet, IL; Champaign-Urbana, IL;
Davenport-Moline-Rock Island, IL; Peoria, Rockford, Springfield, IL, and
St. Louis, MO, the BidClerk Construction Index™ (BCI) reports that
combined public and private construction increased 47.5% in a
year-over-year analysis. This compares to a 29.4% increase in
year-over-year construction activity that the BCI reported in the 1st
quarter of 2013. Also, in a year-over-year comparison, private and
public construction projects increased 15.5% and 58.6%, respectively.
The total value of all the major-metro Illinois projects reported on
BidClerk that bid in the 2nd quarter of 2013 was
$4,135,829,790.
In BCI’s quarter-over-quarter analysis for the 2nd quarter of
2013, there was an increase in overall construction activity of 14.4%
compared to the 1st quarter of 2013. Private and public
construction activity increased 24.9% and 12.1% respectively.
The Chicago region experienced a 57.6% increase in combined public and
private construction activity compared to one year ago. In a
quarter-over-quarter analysis for Chicago’s combined public and private
construction activity, BCI’s 2nd quarter 2013 data showed
that there was an increase in construction activity of 11.8% compared to
the 1st quarter of 2013.
In the St. Louis region, a year-over-year analysis revealed an increase
of 48.5% in construction activity compared to a 17.7% increase reported
by the BCI in the 1st quarter of 2013. In a
quarter-over-quarter analysis, the St. Louis region experienced a 22.6%
increase in the 2nd quarter of 2013.
Among the high-profile projects that BidClerk reported on for the 2nd
quarter 2013 was Northwestern
University’s Technological Institute J-Wing Addition in Evanston,
IL. (2288710 BidClerk
ID). The six-stories-tall, 42,248 sq. ft. structure will feature
educational and laboratory spaces along with a multi-story atrium. The
project value is $27,000,000. It began construction in May 2013, with a
target completion date of December 2014. The architect for the project
is FLAD
Architects (Madison, WI). The contract for general contracting was
awarded to Pepper
Construction (Barrington, IL).
The regions surveyed by the BCI include Chicago-Naperville-Joliet, IL;
Champaign-Urbana, IL; Davenport-Moline-Rock Island, IL; Peoria,
Rockford, Springfield, IL, and St. Louis, MO.
Today’s new construction project data was released by BidClerk, a
leading provider of construction project data and marketing tools for
building product manufacturers, contractors, and distributors. The
BidClerk Construction Index is a quarterly data service offered at no
cost to media outlets that cover regional construction news. Members of
the media may request custom BidClerk Construction Index reports for
specific counties, regions, and states by contacting BidClerk: BCI@bidclerk.com.
About BidClerk
With the most affordable solutions on the market, BidClerk is the widely
recognized leader in providing construction project data and marketing
tools for building product manufacturers, contractors, and distributors.
All of BidClerk’s services are offered at subscription rates that are
far below those charged by McGraw-Hill Construction (NYSE: MHP) or Reed
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Copyright Business Wire 2013