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Contractors | Dec 6, 2022

Slow payments cost the construction industry $208 billion in 2022

The cost of floating payments for wages and invoices represents $208 billion in excess cost to the construction industry, a 53% increase from 2021, according to a survey by Rabbet, a provider of construction finance software.

Mass Timber | Dec 1, 2022

Cross laminated timber market forecast to more than triple by end of decade

Cross laminated timber (CLT) is gaining acceptance as an eco-friendly building material, a trend that will propel its growth through the end of the 2020s. The CLT market is projected to more than triple from $1.11 billion in 2021 to $3.72 billion by 2030, according to a report from Polaris Market Research.

Market Data | Nov 15, 2022

Construction demand will be a double-edged sword in 2023

Skanska’s latest forecast sees shorter lead times and receding inflation, but the industry isn’t out of the woods yet.

Reconstruction & Renovation | Nov 8, 2022

Renovation work outpaces new construction for first time in two decades

Renovations of older buildings in U.S. cities recently hit a record high as reflected in architecture firm billings, according to the American Institute of Architects (AIA).

Market Data | Nov 3, 2022

Building material prices have become the calm in America’s economic storm

Linesight’s latest quarterly report predicts stability (mostly) through the first half of 2023

Building Team | Nov 1, 2022

Nonresidential construction spending increases slightly in September, says ABC

National nonresidential construction spending was up by 0.5% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.

Hotel Facilities | Oct 31, 2022

These three hoteliers make up two-thirds of all new hotel development in the U.S.

With a combined 3,523 projects and 400,490 rooms in the pipeline, Marriott, Hilton, and InterContinental dominate the U.S. hotel construction sector.

Codes and Standards | Oct 26, 2022

‘Landmark study’ offers key recommendations for design-build delivery

The ACEC Research Institute and the University of Colorado Boulder released what the White House called a “landmark study” on the design-build delivery method.

Building Team | Oct 26, 2022

The U.S. hotel construction pipeline shows positive growth year-over-year at Q3 2022 close

According to the third quarter Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the U.S. construction pipeline stands at 5,317 projects/629,489 rooms, up 10% by projects and 6% rooms Year-Over-Year (YOY).

Designers | Oct 19, 2022

Architecture Billings Index moderates but remains healthy

For the twentieth consecutive month architecture firms reported increasing demand for design services in September, according to a new report today from The American Institute of Architects (AIA).

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