![]() The Cincinnati-based data firm ConstructConnect is reporting that construction starts from December of 2021 to December of 2022 were up by an historic 27%. Says the ConstructConnect analysis: “The story of construction starts was the proliferation of mega projects.” Those projects brought with them dollar values in excess of $1 billion. “Many of them originated in the manufacturing sector,” continues the analysis, pointing to the new Taiwan Semiconductor Manufacturing chipmaking production facility work in Arizona. One of the most public of the mega projects is the laying of an underground electric power cable stretching from Canada to New York. The Champlain Hudson Power Express, comprising 339 miles of transmission line, is being developed by Transmission Developers Incorporated, and has a price tag of around $2.2 billion. The new ConstructConnect report also shows nonresidential building up by 71% over 2021, and institutional starts seeing an increase of 19%. The largest sector increase, in the industrial/manufacturing sector, saw an unprecedented 1097% increase last year. The survey additionally reveals a 94% increase in civil engineering projects, with road projects up by 15% and water/sewage work increasing by 63%. Bridge project starts were up by 76%, while dam and marine project starts were marginally off by 2.1%. Airport work nationally also proved lucrative, with project starts up over 2021 by 56%. Only on the residential side did the numbers go in a different direction, with overall residential starts tanking by 26%, and single-family work down by 24%. Although the apartment construction segment remains buoyant nationally, it, too, was off by 20% when compared with 2021. By Garry Boulard
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