Rider Levett Bucknall’s (RLB) latest crane count index report, a key indicator of economic activity in major sectors, has shown a marked decrease in the overall count from its previous edition. Calgary, Las Vegas, and Los Angeles have seen an increase in crane counts, with the majority (73%) active at either residential or mixed-use projects. However, on a year-to-year basis, the count is down 18% (a difference of 94 cranes) and another 9% when compared to its previous Q3 edition.

Conversely, Boston, Chicago, Denver, New York City, Portland, San Francisco, and Washington, DC have seen decreases in excess of 20%, while totals for Honolulu, Phoenix, Seattle, and Toronto have remained steady.

RLB states: "Despite the continued downturn in cranes, we remain cautiously optimistic. Ongoing investment in manufacturing and infrastructure will help offset any decline in privately funded projects in 2024. Overall, construction spending will be driven by public funding for manufacturing and infrastructure projects."

The statistics follow news of February's 8% decline in the total number of U.S. construction starts. The Dodge Momentum Index for March also dropped by 8.6% overall.