The following information is from McGraw-Hill’s F.W. Dodge Division’s monthly report (January 2008) covering several areas of non-residential construction projects found in west Michigan.
Battle Creek MSA
Non-residential construction totaled $221,000. However, that was still an increase over the year before when none was reported.
Grand Rapids-Wyoming MSA Gained significantly in non-residential construction which more than quadrupled over January 2007, totaling $30.71 million.
Holland-Grand Haven MSA
Non-residential construction brought a five percent increase in construction starts, tallying $5.36 million.
Kalamazoo-Portage MSA
Started 2008 with a thud, as non-residential work pitched 86 percent to $779,000.
Muskegon-Norton Shores MSA
2008 has not been as uplifting as 2007 was with non-residential totaling $2.76 million.
Niles-Benton Harbor MSA
Non-residential construction surged up to $4.74 million compared to nothing reported in January 2007.
Source: Business Review Western Michigan
Archtitecture Billings Fall Sharply in Survey
Viewed as an indicator of the future construction, we hope this drop is only temporary and will rebound next month.
For monthly data graph, click here.