California Construction Volume is $3.8 Billion for February.Business Editors BURBANK, Calif.--(BUSINESS WIRE)--March 30, 2000 California's total construction volume for February totals $3.8 billion, thanks in part to two multi-million dollar nonbuilding (highway-heavy) projects that, by themselves, came in at over one-half billion dollars. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. statistical data gathered by the Construction Industry Research Board (CIRB CIRB Centre D'informatique Pour La Région Bruxelloise (French) CIRB Canada Industrial Relations Board CIRB Construction Industry Research Board CIRB Compensation Insurance Rating Board CIRB Crop Insurance Research Bureau ), the $3.8 billion total is up 7.1 percent from January and up 22.1 percent from February 1999. In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite one of the wettest months on record in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , the state's total construction volume for the first two months of 2000 is a whopping $7.36 billion, one billion more than January-February 1999. While California's building construction volume, measured by monthly building permit valuations, totaled $2.76 billion in February and was down 11.3 percent from January while up 4.8 percent from February 1999, the real difference was in the nonbuilding (highway-heavy) construction sector. According to F. W. Dodge of the McGraw-Hill Companies, the state's highway-heavy activity in February totaled $1.04 billion, up 138 percent from January and up 116 percent from February 1999. By comparison, January's highway-heavy total was $439 million which was approximately the same monthly total as December 1999. Two multi-million dollar projects, both in Northern California, a $238 million replacement of the Carquinez Bridge The Carquinez Bridge refers to two parallel bridges which cross the Carquinez Strait linking Vallejo, California to the north, with Crockett, California to the south. The bridges are signed as part of Interstate 80. Toll is only charged to eastbound traffic. in Solano County along with a $300 million electric power plant in the City of Pittsburg, by themselves, totaled $538 million. This figure surpasses the past four monthly highway-heavy monthly totals. "Normally, January and February are slow months," said Ben Bartolotto, CIRB Research Director, "because the weather puts a damper damp·er n. 1. One that deadens, restrains, or depresses: Rain put a damper on our picnic plans. 2. An adjustable plate, as in the flue of a furnace or stove, for controlling the draft. on construction activity." Bartolotto points out that often one, or in this case two, major multi-million dollar projects can inflate inflate - deflate the state's monthly construction volume. The CIRB Director further proves his point by noting the largest private nonresidential projects in February total $124.9 million. This is down from $318.1 million in large projects in January, $338.9 million in December, and $345.7 million in November. Finally, state construction employment averaged 720,200 in February, up 6,900 from January, and up 59,000 (9.0 percent) from February 1999. |
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