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Market Data | Jan 31, 2022

Canada's hotel construction pipeline ends 2021 with 262 projects and 35,325 rooms

At the close of 2021, projects under construction stand at 62 projects/8,100 rooms.

Market Data | Jan 27, 2022

Record high counts for franchise companies in the early planning stage at the end of Q4'21

Through year-end 2021, Marriott, Hilton, and IHG branded hotels represented 585 new hotel openings with 73,415 rooms.

Market Data | Jan 27, 2022

Dallas leads as the top market by project count in the U.S. hotel construction pipeline at year-end 2021

The market with the greatest number of projects already in the ground, at the end of the fourth quarter, is New York with 90 projects/14,513 rooms.

Market Data | Jan 26, 2022

2022 construction forecast: Healthcare, retail, industrial sectors to lead ‘healthy rebound’ for nonresidential construction

A panel of construction industry economists forecasts 5.4 percent growth for the nonresidential building sector in 2022, and a 6.1 percent bump in 2023.

Market Data | Jan 24, 2022

U.S. hotel construction pipeline stands at 4,814 projects/581,953 rooms at year-end 2021

Projects scheduled to start construction in the next 12 months stand at 1,821 projects/210,890 rooms at the end of the fourth quarter.

Market Data | Jan 19, 2022

Architecture firms end 2021 on a strong note

December’s Architectural Billings Index (ABI) score of 52.0 was an increase from 51.0 in November.

Legal issues: Laws; contracts; documents; insurance BD+C University Course | Jan 13, 2022

Predicting costs for tomorrow's builds: Useful ways to future-proof today's designs

Using predictive cost data is the key to accurately evaluating future building projects—capturing, analyzing and applying building data work.

Legal issues: Laws; contracts; documents; insurance BD+C University Course | Jan 13, 2022

Scoping it out: Cost estimates excel with data-driven scopes of work

What’s the most critical step in creating a new building? Savvy architects, owners and developers find this question easy to answer: It’s the scope, of course. With every project start and every new building team, the first and often most daunting hurdle is establishing a decent budget estimate. In preconstruction meetings, when questions arise about budget—especially errors, omissions, misinterpretations and just plain “forgot it”—fingers point back to the original scope of work, or SoW.

Market Data | Jan 13, 2022

Materials prices soar 20% in 2021 despite moderating in December

Most contractors in association survey list costs as top concern in 2022.

Market Data | Jan 12, 2022

Construction firms forsee growing demand for most types of projects

Seventy-four percent of firms plan to hire in 2022 despite supply-chain and labor challenges.

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