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?
Nonresidential firms struggle to find workers and materials to complete projects.
Firms struggle to cope with materials, labor challenges.
Soaring material costs, supply-chain disruptions impede recovery.
AIA’s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April.
Construction input prices are 24.3% higher than a year ago, while nonresidential construction input prices increased 23.9% over that span.
The 24.3% increase in prices for materials used in construction from May 2020 to last month was nearly twice as great as in any previous year
Materials and labor shortages suppress contractor confidence.
As the country that set up the LEED initiative, the US is a natural leader in constructing green buildings.
Seasonally adjusted construction employment in May totaled 7,423,000.
