Source: ARTBA analysis of federal Census Bureau data for value of construction work in November 2009-2014, adjusted with the ARTBA Price Index to account for changes in material costs, wages and inflation.
The real value of pavement work was $4 billion in November 2014, up slightly from $3.8 billion in November 2013, when adjusted for material prices, wages and inflation. Highway contractors have been slightly busier in 2014 overall, with the total value of work reaching $45.6 billion through November, compared to $43.1 billion during the same time period in 2013.
The real value of bridge work was fairly flat at $2.7 billion in November 2014, compared to $2.75 billion in November 2013. Contractors have completed $28.4 billion in bridge work between January and November 2014, compared to $28.7 billion for the same period in 2013.
Detailed data by month and mode is available as part of ARTBA’s market subscription reports. For more information, contact Lital Shair. You can also purchase ARTBA’s national five-year modal forecast.