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Most Major Metros Show Steep Declines in Nonresidential
According to the latest information from McGraw-Hill Construction, Atlanta was top in its latest ranking of top Southeast regions for nonresidential construction.
Despite the value of its nonresidential building contracts dropping to a level that is less than half of last year’s, the greater Atlanta metropolitan area is still leading the Southeast’s pack. According to the latest information from McGraw-Hill Construction, publisher of Southeast Construction, Atlanta recorded more than $1 million in new nonresidential construction contracts, for future construction, during the first five months of 2009. That’s 56% below 2008’s pace of nearly $2.3 billion.
The Miami-Fort Lauderdale-Miami Beach area closed the gap on Atlanta, compared to the same period of a year ago, with nearly $971.8 million in new nonresidential contracts through May. That’s 45% behind that area’s 2008 pace.
Most of the large metropolitan areas showed similar, steep declines within the nonresidential market. Orlando, Fla., experienced a drop of 39%; Tampa, Fla., is 28% behind 2008; Jacksonville, Fla., fell 38%; and Charlotte, N.C., fell by 58%.
Three smaller population centers saw their nonresidential markets improve, however. Fayetteville, N.C., experienced am 83% improvement in nonresidential contracts to rank fifth. The Columbus, Ga., area’s 6% improvement was enough for eighth place. Gainesville, Fla., roared into the top-10 list with a 313% increase in the value of its nonresidential contracts.
Southeast Region’s Top Metros
Nonresidential Construction (Thousands of Dollars) |
| Rank |
Rank |
Metropolitan Area |
5 mo 2008 |
5 mo 2009 |
% Chg |
| Regional |
U.S. |
| 1 |
|
Atlanta-Sandy Springs-Marietta, GA |
2,284,924 |
1,000,479 |
-56% |
| 2 |
|
Miami-Fort Lauderdale-Miami Beach, FL |
1,765,899 |
971,788 |
-45% |
| 3 |
|
Orlando, FL |
1,109,179 |
671,539 |
-39% |
| 4 |
|
Tampa-St. Petersburg-Clearwater, FL |
759,698 |
547,491 |
-28% |
| 5 |
|
Fayetteville, NC |
242,653 |
444,602 |
83% |
| 6 |
|
Jacksonville, FL |
656,284 |
408,693 |
-38% |
| 7 |
|
Charlotte-Gastonia-Concord, NC-SC |
818,059 |
342,186 |
-58% |
| 8 |
|
Columbus, GA-AL |
291,094 |
309,636 |
6% |
| 9 |
|
Jacksonville, NC |
242,875 |
212,291 |
-13% |
| 10 |
|
Gainesville, FL |
48,383 |
199,925 |
313% |
| Top Metropolitan Markets for U.S. Nonresidential Construction Starts (Thousands of Dollars) |
Rank
U.S. |
Metropolitan Area |
5 mo 2008 |
5 mo 2009 |
% Chg |
| 1 |
New York-Northern New Jersey-Long Island, NY-NJ-PA |
8,072,898 |
3,649,864 |
-55% |
| 2 |
Washington-Arlington-Alexandria, DC-VA-MD-WV |
4,093,152 |
2,607,575 |
-36% |
| 3 |
Las Vegas-Paradise, NV |
1,642,245 |
1,826,939 |
11% |
| 4 |
Dallas-Fort Worth-Arlington, TX |
2,605,910 |
1,739,608 |
-33% |
| 5 |
Houston-Baytown-Sugar Land, TX |
3,260,453 |
1,477,431 |
-55% |
| 6 |
Chicago-Naperville-Joliet, IL-IN-WI |
5,932,988 |
1,158,588 |
-80% |
| 7 |
Riverside-San Bernardino-Ontario, CA |
1,316,532 |
1,124,412 |
-15% |
| 8 |
Boston-Cambridge-Quincy, MA-NH |
2,284,640 |
1,123,928 |
-51% |
| 9 |
Los Angeles-Long Beach-Santa Ana, CA |
3,039,327 |
1,121,125 |
-63% |
| 10 |
Pittsburgh, PA |
862,939 |
1,054,958 |
22% |
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