The number of cranes in North America's major cities increased 4.74% from Q3 2021 to Q1 2022, recovering from the identical decrease from the previous Rider Levett Bucknall crane index report. — Construction Dive
Rider Levett Bucknall’s (RLB) index measured five cities with an increase in the number of cranes, six that yielded little change, and three that saw significant decreases, dropping by more than 20%. In total, North American cities added 22 cranes in the first quarter of 2022, in which more than half were in the commercial sector. Toronto continues to host more cranes than any other city measured, with 252 in total. Other findings include hospitality construction seeing a 24% increase in cranes, and residential cranes making up 50% of cranes counted.
While the crane increase is a positive sign, RLB doesn’t expect this trend to continue. With supply chain issues and rising construction costs, namely the high price of steel, the index expects the crane count to plateau and remain steady.
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