Properties Magazine May 2017 : Page 11

The public works sector surged 33%, reflecting an 82% increase in March for the miscellaneous public works cat-egory that includes such diverse project types as site work, pipelines, mass tran-sit, and outdoor sports stadiums. The $4.2 billion Rover natural gas pipeline was included as a construction start in March, and is located mostly in Ohio and Michigan with smaller portions in West Virginia and Pennsylvania. Also reported as a March start was the $2.5 billion Mariner East 2 Pipeline, located mostly in Pennsylvania with smaller portions in West Virginia and Ohio, which will transport propane and other natural gas liquids from the Marcellus Shale natural gas fields in southwestern Pennsylvania to a processing and distri-bution facility near Philadelphia. COMMERCIAL & INDUSTRIAL RIAL ELECTRICAL CONTRACTORS SERVICE Upfront Pricing • Trouble-Shoot & Repair NEW CONSTRUCTION Design/Build • Spec/Build ENERGY-SAVING UPGRADES BUILDING & PROCESS AUTOMATION Engineering • Installation ON-TIME PERFORMANCE GUARANTEED service@jltaylorcompany.com www.jltaylorcompany.com OH LIC #21927 440.834.1223 Residential building Residential building, at $310.8 bil-lion (annual rate), grew 4% in March. Multifamily housing provided the upward push, rebounding 26% after a 23% setback in February. Single-family housing in March receded 3%, which followed modest improvement reported during the previous five months. By region, single-family housing in March showed this pattern – the Midwest, down 9%; the West and South Central, each down 3%; and the South Atlantic, down 2%; while the Northeast ran counter with a 3% gain. Nonresidential building Nonresidential building in March, at $237.2 billion (annual rate), was essen-tially unchanged from its February pace. The institutional side of the nonresiden-tial building market grew 3% in March, with much of the support coming from an 83% surge for the transportation terminal category. Large airport ter-minals that were reported as March starts included two at Los Angeles International Airport – the $1.9 billion Delta relocation to Terminals 2 and 3 and the $961 million Midfield Satellite Concourse North (phase 1). Through the first three months of 2017, the dollar amount of new airport terminal projects was $9.0 billion (including the $3.4 billion Central Terminal Building at New York’s LaGuardia Airport), easily topping the $3.7 billion in new air-port terminal starts for full year 2016. Healthcare facilities in March increased www.propertiesmag.com 11

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