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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.
Labor availability is a big factor in that inflation, according to Rider Levett Bucknall report.
Contractors were slightly less upbeat regarding profit margins and staffing levels compared to April.
Project inquiry gains hit a 10-year low.
The Construction Backlog Indicator expanded to 8.9 months in May 2019.
Using RSMeans data from Gordian, here are the most recent costs per square foot for K-12 school buildings in 10 cities across the U.S.
This is the first time in nearly three years that input prices have fallen on a year-over-year basis.
Among the 16 nonresidential construction spending categories tracked by the Census Bureau, five experienced increases in monthly spending.
With a total of 1,302 projects worth $524.6 billion, California has both the largest number and value of projects in the U.S. construction project pipeline.
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2.
New data from NCARB reveals that the number of architects continues to increase.
