What happened: Total transportation construction market activity last October was $20.7 billion, up from $20.6 billion in October 2024, an increase of 0.5 percent. Year-to-date, construction activity was also up by 0.5 percent to $180 billion, driven by gains in airport and bridge work.
Why it matters: Current market activity – or the value of construction put in place – is released by the U.S. Census Bureau and tracks the work completed on a project each month, regardless of the total size of a project or when it was awarded. Construction activity has reached record levels over the last few years, supported by increased federal and state investment.
Dig deeper: Detailed data by mode is available through ARTBA’s Transportation Construction Market Intelligence Service (TCMIS). The TCMIS also includes interactive information on all 50 state transportation budgets and state and local contract awards.
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