What happened: The total value of state and local government highway and bridge contract awards was $22.2 billion through February 2025, up from $18.8 billion through February 2024, according to just-released data from ARTBA’s economics team. Data for the first quarter varies significantly and is dependent on a variety of factors, including weather and state transportation programs. Highlights include:
- The value of awards in February 2025 was up in 30 states.
- States with the highest value of awards in February include: Florida, California, Texas, New Jersey, and North Carolina.
- Top markets in 2024 were: Texas, California, Florida, New York, and Illinois.
Why it matters: State and local government contract awards are a leading indicator of future construction activity expected to break ground within 30 to 60 days. Depending on the size and scope of a project, actual construction work can take place over a multi-year period.
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