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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.
Could we be headed towards a “period of stagflation?” That's the question Andrew Semmes, Senior Research Analyst, poses in the Matrix May 2024 Multifamily Rent Forecast update.
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
In its latest multifamily report, Yardi Matrix finds that the national average rent has increased for the second month in a row.
ABC releases state rankings on policies affecting construction industry.
Decline in new design contracts suggests volatility in design activity to persist.
Austin was followed on the list by Dallas/Fort Worth, Texas and Portland, Ore.
Female architects still feel disadvantaged when it comes to career advancement.
The government revised the August nonresidential construction spending estimate from $686.6 billion to $696.6 billion.
Among the spotlight projects used as case studies for this white paper are C.C. Young, Dallas, Texas; Clark-Lindsey Village, Urbana, Ill.; Moorings Park, Naples, Fla.; NewBridge on the Charles, Dedham, Mass.; Rockwood Retirement Living: The Summit, Spokane, Wash.; Saint John’s on the Lake, Milwaukee, Wis.; and Spring Lake Village, Santa Rosa, Calif.
The acceleration in real GDP growth was driven by a combination of factors, including an upturn in exports, a smaller decrease in state and local government spending and an upturn in federal government spending, says ABC Chief Economist Anirban Basu.
Rider Levett Bucknall’s Third Quarter 2016 USA Construction Cost Report puts the complete spectrum of construction sectors and markets in perspective as it assesses the current state of the industry.
“Although coworking space makes up less than one percent of the world’s office space, it represents an important workforce trend and highlights the strong desire of today’s employees to have workplace choices, community and flexibility,” says Kay Sargent, Director of WorkPlace at HOK.
Dodge Outlook Report predicts moderate growth for most project types – single family housing, commercial and institutional building, and public works, while multifamily housing levels off and electric utilities/gas plants decline.
