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Construction Costs

U.S. construction market moves toward building material price stabilization

The newly released Quarterly Construction Cost Insights Report for Q3 2023 from Gordian reveals material costs remain high compared to prior years, but there is a move towards price stabilization for building and construction materials after years of significant fluctuations. In this report, top industry experts from Gordian, as well as from Gilbane, McCarthy Building Companies, and DPR Construction weigh in on the overall trends seen for construction material costs, and offer innovative solutions to navigate this terrain.

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Building Owners

Apartments | Oct 2, 2023

Chicago's Belden-Stratford luxury apartments gets centennial facelift

The Belden-Stratford has reopened its doors following a renovation that blends the 100-year-old building’s original architecture with modern residences.

Market Data | Oct 2, 2023

Nonresidential construction spending rises 0.4% in August 2023, led by manufacturing and public works sectors

National nonresidential construction spending increased 0.4% in August, 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 $1.09 trillion.

Women in Design+Construction | Sep 29, 2023

Reserve your spot today for Women in Residential+Commercial Construction, Oct. 25-27, Nashville

The conference will bring together more than 300 women leaders across all sectors of design and construction, taking in different perspectives from leaders in architecture, engineering, construction, home building, remodeling, and real estate development.

Construction Costs | Sep 28, 2023

U.S. construction market moves toward building material price stabilization

The newly released Quarterly Construction Cost Insights Report for Q3 2023 from Gordian reveals material costs remain high compared to prior years, but there is a move towards price stabilization for building and construction materials after years of significant fluctuations. In this report, top industry experts from Gordian, as well as from Gilbane, McCarthy Building Companies, and DPR Construction weigh in on the overall trends seen for construction material costs, and offer innovative solutions to navigate this terrain.

Resiliency | Sep 25, 2023

National Institute of Building Sciences, Fannie Mae release roadmap for resilience

The National Institute of Building Sciences and Fannie Mae have released the Resilience Incentivization Roadmap 2.0. The document is intended to guide mitigation investment to prepare for and respond to natural disasters.

Codes and Standards | Sep 25, 2023

Lendlease launches new protocol for Scope 3 carbon reduction

Lendlease unveiled a new protocol to monitor, measure, and disclose Scope 3 carbon emissions and called on built environment industry leaders to tackle this challenge.

Data Centers | Sep 21, 2023

North American data center construction rises 25% to record high in first half of 2023, driven by growth of artificial intelligence

CBRE’s latest North American Data Center Trends Report found there is 2,287.6 megawatts (MW) of data center supply currently under construction in primary markets, reaching a new all-time high with more than 70% already preleased. 

Adaptive Reuse | Sep 15, 2023

Salt Lake City’s Frank E. Moss U.S. Courthouse will transform into a modern workplace for federal agencies

In downtown Salt Lake City, the Frank E. Moss U.S. Courthouse is being transformed into a modern workplace for about a dozen federal agencies. By providing offices for agencies previously housed elsewhere, the adaptive reuse project is expected to realize an annual savings for the federal government of up to $6 million in lease costs.

Data Centers | Sep 15, 2023

Power constraints are restricting data center market growth

There is record global demand for new data centers, but availability of power is hampering market growth. That’s one of the key findings from a new CBRE report: Global Data Center Trends 2023.

Engineers | Sep 15, 2023

NIST investigation of Champlain Towers South collapse indicates no sinkhole

Investigators from the National Institute of Standards and Technology (NIST) say they have found no evidence of underground voids on the site of the Champlain Towers South collapse, according to a new NIST report. The team of investigators have studied the site’s subsurface conditions to determine if sinkholes or excessive settling of the pile foundations might have caused the collapse. 

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