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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 that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.
Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
National nonresidential construction spending increased 0.2% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.
AIA’s ABI score for March rose to 55.6 compared to 53.3 in February.
Nonresidential projects lag despite hot homebuilding market.
The Construction Backlog Indicator fell to 7.8 months in March.
A government index that measures the selling price for goods used construction jumped 3.5% from February to March.
The Blue Book Network's Velocity Index measures month-to-month changes in bidding activity among construction firms across five building sectors and in all 50 states.
BD+C’s first-ever owners’ survey finds them focused on improving buildings’ performance for higher investment returns.
Houston-The Woodlands-Sugar Land and Odessa, Texas have worst 12-month employment losses.
On a monthly basis, spending was down in 13 of 16 nonresidential subcategories.
Shrinking demand, soaring costs, and supply delays threaten project completion dates and finances.
Soaring costs, supply-chain problems jeopardize future jobs.
