The Construction Backlog Indicator contracted to 8.1 months during January 2019.
At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the...read more
Of the 11 construction subcategories, seven experienced price declines for the month.
There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction...read more
Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.
Photo by Anthony Ginsbrook on Unsplash
“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdo...read more
CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 mont...read more
The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as...read more
Construction industry momentum to carry through first half of 2019.
Illinois takes the top spot as USGBC defines the next generation of green building with LEED v4.1...
Total nonresidential spending stood at $751.5 billion on a seasonally adjusted annualized rate....
Project counts in the early planning stage continue to rise reaching an all-time high of 1,723 pr...read more
Spending for noneresidential buildings is expected to increase by 10% between 2018 and 2022, to $572.1 billion, or just under 40% of total construction put in place that year. Image: FMI
FMI’s annual outlook also expects the industry’s frantic M&A activity to be leavened by cauti...read more
AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November....
The education, public safety, and office sectors will lead the growth areas this year, but AIA's...read more
The South and Mid-Atlantic regions should be the strongest for commercial office space, according to a recent survey of brokerage pros. Image: Transwestern
Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment i...read more
More than half of New York's Gross Domestic Product is generated by is financial and business services sector that is the world's largest. Image: Pixabay
But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to...read more
November marked the fourteenth consecutive month of increasing demand for architectural firm serv...read more
Job growth, high backlog and healthy infrastructure investment all spell good news for the indust...read more
Thirteen out of 16 subsectors are associated with year-over-year increases.
Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and Califo...read more
Southern region reports decline in billings for the first time since June 2012.
Ryan Companies, Cadence Living and an affiliate of Starwood Captual recently announced a new 135-unit senior living community, Accoya Scottsdale Troon in Arizona, whose construction should be completed by mid 2020. A new report by Harvard's Joint Center for Housing Studies finds that seniors will have a hard time affording housing in the future. Image: Ryan Companies.
The study foresees a significant segment of seniors struggling to buy or rent on their own or wit...read more
Projects already under construction and those scheduled to start construction in the next 12 mont...read more
Stable vacancy helped push asking rents 4% higher in third quarter.
Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate i...read more
The report states that Dubai tops the list with total project values amounting to US$374.2bn....
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter....
Billings growth slows but is stable across sectors.
35 Hudson Yards, a 1,009-ft-tall mixed-use tower, is one of several major projects that will be completed between now and 2020, when a new report says New York's construction spending will start leveling off. Image: Courtesy of Related-Oxford
Nonresidential building could still add more than 90 million sf through 2020.