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.
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020....
More than three in four construction firms expect that sales will continue to rise over the next...read more
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
A new JLL report provides in-depth breakdowns for the cost of office fit outs in the U.S. and Canada, based on more than 2,800 projects that the firm has managed. Image: JLL
This year’s analysis draws from 2,800 projects.
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction...read more
Southern region, multifamily residential sector lead growth.
International trade uncertainty, widespread construction skills shortage creating perfect storm f...read more
Backlog is up 12.2% from the first quarter and 14% compared to the same time last year.
Softwood lumber prices plummeted 9.6% in August yet are up 5% on a yearly basis (down from a 19.5...read more
The report revealed 88% of contractors expect to feel at least a moderate impact from the workfor...read more
Private nonresidential spending fell 1% in July, while public nonresidential spending expanded 0....read more
Although there are disparities in the pace of growth in construction output among the ASEAN membe...read more
Architecture firms located in the South remain especially strong.
The rise in rental rates marks the 21st consecutive quarterly increase.
Gains reported in five of the top ten markets.
Nonresidential construction input prices increased fell 0.3% in July but are up 9.6% year over ye...read more
AIA releases latest Consensus Construction Forecast.
The metro with the most units under construction and planned as a percent of existing inventory i...read more
Favorable economic conditions produce a sunny summer for the apartment sector.
“The hope is that June’s construction spending setback is merely a statistical aberration,” said...read more
The hotel construction pipeline has been growing moderately and incrementally each quarter.