Construction Economics Brief - August 2023
The Construction Economics Brief produced by ConstructConnect’s economics team is a monthly video series with brief and pertinent construction...
In the March Construction Economy Snapshot, ConstructConnect Chief Economist Michael Guckes reported that the February 2025 volume of Total Nonresidential Construction Starts—the sum of Nonresidential Building and Heavy Engineering—was $33.7 billion, a decrease of $13.5 billion, or 28.6%, when compared to January’s revised reading of $47.2 billion.
Guckes provided a list of the top ten Nonresidential Construction Starts by dollar volume through February 2025 (chart below), which includes Heavy, Industrial, Institutional, and Commercial construction categories.
“A handful of megaprojects sent YTD results for Airports, Power Infrastructure, and Bridges soaring above their peers," the economist said.
Guckes added, “Two projects in Columbus, Ohio, and San Antonio, Texas collectively provided a $3.2 billion boost to Airport starts followed by individual megaprojects in the Bridges and Power Infrastructure subcategories.”
Read the latest Construction Economy Snapshot for more details, including trend graphs, analysis, and commentary from Chief Economist Michael Guckes.
ConstructConnect’s Top 10 Project Starts in February 2025
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ConstructConnect Top 10 Project Starts from the March 2025 Construction Economy Snapshot. *A square footage measure does not apply to alteration, some forms of industrial (e.g., petrochemical), and most engineering/civil work.
Read the Construction Economy Snapshot for more details on construction labor, trend graphs, and regional analysis.
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