St. Louis Construction News and Real Estate (CNR)

News | 12/16/2011

November Non-Residential Off 66 Percent

Non-residential construction for the St. Louis market area was off by 66 percent for November over November 2010 according to McGraw-Hill. Non-residential year-to-date through November was off 51 percent over 2010. 

McGraw-Hill Construction reported on November contracts for future construction in the metropolitan statistical area of St. Louis, consisting of Bond, Calhoun, Clinton, Crawford, Franklin, Jefferson, Jersey, Lincoln, Macoupin, Madison, Monroe, St Charles, St Clair, St Louis, Warren and Washington in Illinois and Missouri.

An authority on the construction market, the firm produces Dodge Reports and Sweets Catalog Files.

According to the Research and Analytics unit of McGraw-Hill Construction, the latest month's construction activity followed this pattern:



November

 

2011

2010

Percent Change

Nonresidential

$57,964,000

$169,491,000

-66

Residential

Total Building

$67,432,000

 

$125,396,000

$85,350,000

$254,841,000

-21

        -51

 

 

 

 Year-to-Date

 


 

2011

2010

Percent Change

Nonresidential

$833,373,000

$1,707,444,000

-51

Residential

Total Building

    $988,130,000

   $1,821,503,000

 

      $1,324,419,000

      $3,031,863,000

 

         -25
          
        -40

 

Nonresidential buildings include commercial, manufacturing, educational, religious, administrative, recreational, hotel, dormitory and other buildings. Residential buildings include one and two family houses and apartments.