ACP Pubs

Loren Faulkner

Heavy Construction Update
October 27, 2008

Although the following Construction Industry Research Board (CIRB) data shows expected declines in most areas of heavy construction, the Sacramento Bee (www.sacbee.com) has a good article today (“'06 Bond Money Begins Trickling Into Public Works”) about a ray of hope breaking through.

The voter approved 2006 $42 billion bond money is starting to get distributed to much needed infrastructure projects. Although there is much still to be released, at least this is a good start…

Public Works Construction, Regional Comparison To September
Public works construction in September 2008 was down 3.6 percent from the first nine months of 2007. 

Year-to-date numbers for all new public building and heavy construction permits are:

-- $5 billion in LA-Orange;

-- $3.7 billion in Riverside-San Bernardino-San Diego

-- $3 billion in the Bay Area

-- $1.3 billion in the Sacramento Valley;

-- $1.4 billion in the San Joaquin Valley;

-- $762 million along the Central Coast

-- $880 million in the North State and Sierras.  

 California Construction Employment
The California construction employment forecast averaged 804,400 in September 2008, down 4,000 (0.5%) from August and down 76,700 (8.7%) from September 2007.  

Public Works Construction - Major Project Notes: September 2008

Public Buildings
$48 million high school building project in Los Angeles County
$42.9 million elementary school in Orange County
$36.9 million community college building project in Los Angeles County
$32.9 million elementary school in Orange County
$31.6 million civic center building in Riverside County
$31.5 million elementary school project in Los Angeles County
$23.9 million elementary school project in Riverside County

Heavy Construction
$124.6 million dust mitigation project in Inyo County
$90.4 million reservoir project in Imperial County
$47.3 million water supply project in Los Angeles County
$39.3 million bridge project in Humboldt County
$37.1 million freeway project in Alameda County
$33.7 million transit rail project in Alameda County

Posted by Loren Faulkner on October 27, 2008 | Comments (0)