HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
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 today that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.
Too many of the nation’s school districts are having to make it work with less-than-ideal educational facilities. But at what cost to student performance and staff satisfaction?
Coronavirus, soaring costs, and supply disruptions threaten to erase further gains.
Due to the rise in new strains of the virus, 70% of office workers have implemented a more rigorous handwashing regimen versus 59% of the general population.
COVID, rising costs, and supply chain woes may stall gains.
Delta variant of coronavirus threatens to hold down further gains.
The ABI score for July was 54.6.
The producer price index for new nonresidential construction rose 4.4% over the past 12 months.
Nonresidential sector trails overall recovery.
The fall was driven by a big drop in funding for highway and street construction and other public work.
The strongest design sector performers for the remainder of this year are expected to be health care facilities.
Eighty metro areas had lower construction employment in June 2021 than February 2020.
