HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.
Too many of the nation’s school districts are having to make it work with less-than-ideal educational facilities. But at what cost to student performance and staff satisfaction?
December’s Architectural Billings Index (ABI) score of 52.0 was an increase from 51.0 in November.
Most contractors in association survey list costs as top concern in 2022.
Seventy-four percent of firms plan to hire in 2022 despite supply-chain and labor challenges.
Jobless rate falls to 5% as ongoing nonresidential recovery offsets rare dip in residential total.
Rider Levett Bucknall’s latest report cites labor shortages and supply chain snags among causes for cost increases.
Anchin’s poll of 20 AEC clients finds a “growing optimism,” but also multiple pressure points.
Construction spending in November totaled $1.63 trillion at a seasonally adjusted annual rate.
Construction employment increased in 237 or 66% of 358 metro areas over the last 12 months.
Firms struggle to find qualified workers to keep up with demand.
Construction officials say efforts to address supply chain challenges have been insufficient.
