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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.




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Codes and Standards | Feb 24, 2022

Most owners adapting digital workflows on projects

Owners are more deeply engaged with digital workflows than other project team members, according to a new report released by Trimble and Dodge Data & Analytics.

Market Data | Feb 23, 2022

2022 Architecture Billings Index indicates growth

The Architectural Billings Index measures the general sentiment of U.S. architecture firms about the health of the construction market by measuring 1) design billings and 2) design contracts. Any score above 50 means that, among the architecture firms surveyed, more firms than not reported seeing increases in design work vs. the previous month.  
 

Market Data | Feb 15, 2022

Materials prices soar 20% between January 2021 and January 2022

Contractors' bid prices accelerate but continue to lag cost increases.

Market Data | Feb 4, 2022

Construction employment dips in January despite record rise in wages, falling unemployment

The quest for workers intensifies among industries.

Market Data | Feb 2, 2022

Majority of metro areas added construction jobs in 2021

Soaring job openings indicate that labor shortages are only getting worse.

Market Data | Feb 2, 2022

Construction spending increased in December for the month and the year

Nonresidential and public construction lagged residential sector.

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.

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