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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.
Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.
“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdown in the profession,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD, in the latest ABI report.
CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.
The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as of December 31, 2018.
Construction industry momentum to carry through first half of 2019.
Illinois takes the top spot as USGBC defines the next generation of green building with LEED v4.1.
Total nonresidential spending stood at $751.5 billion on a seasonally adjusted annualized rate.
Project counts in the early planning stage continue to rise reaching an all-time high of 1,723 projects/199,326 rooms.
FMI’s annual outlook also expects the industry’s frantic M&A activity to be leavened by caution going forward.
AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November.
