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?
Houston-The Woodlands-Sugar Land and Odessa, Texas have worst 14-month construction job losses.
Spending was down on a monthly basis in nine of 16 nonresidential subcategories.
Public and private work declines amid supply-chain woes, soaring costs.
Texas and Louisiana have worst job losses since February 2020, while Utah and Idaho are the top gainers.
Demand signals construction is recovering.
The multifamily sector led all housing submarkets, and was third among all 58 submarkets tracked by PSMJ in the first quarter of 2021.
The report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Producer price index data for April shows wide variety of materials with double-digit price increases.
Soaring costs, supply-chain challenges, and workforce shortages undermine industry's recovery.
Weak demand, supply-chain woes make further declines likely.
