HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
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?
Asking rents for multifamily units increased $8 during the month to $1,721; year-over-year growth grew 30 basis points to 0.9 percent—a normal seasonal growth pattern according to Yardi Matrix.
Due to the rise in new strains of the virus, 70% of office workers have implemented a more rigorous handwashing regimen versus 59% of the general population.
COVID, rising costs, and supply chain woes may stall gains.
Delta variant of coronavirus threatens to hold down further gains.
The ABI score for July was 54.6.
The producer price index for new nonresidential construction rose 4.4% over the past 12 months.
Nonresidential sector trails overall recovery.
The fall was driven by a big drop in funding for highway and street construction and other public work.
The strongest design sector performers for the remainder of this year are expected to be health care facilities.
Eighty metro areas had lower construction employment in June 2021 than February 2020.
472 new hotels with 59,034 rooms opened across the United States during the first half of 2021.
