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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 that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.
Data from Gordian breaks down the average cost per square foot for a three-story hospital across 10 U.S. cities.
National nonresidential construction spending increased 0.2% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.
It will be the slowest pace of growth in a decade, according to GlobalData.
Office, healthcare, and public safety are among the fastest-growing sectors, according to the U.S. Census Bureau's latest report.
With the exception of Latin America, all regions of the globe either continued to set record high pipeline counts or have already settled into topping-out formations amidst concerns of a worldwide economic slowdown.
Legislation would create a federally funded and housed informational resource on safer school designs.
August report suggests greatest weakness in design activity in several years.
Backlog in the heavy industrial category increased by 2.3 months and now stands at its highest level in the history of the CBI series.
A new FMI report anticipates that megaprojects will account for one-fifth of annual construction spending within the next decade.
The latest AIA report breaks down its survey data by 44 positions and 28 metros.
Profession must double down on efforts to meet 2030 targets.
New data show how different aspects of the apartment industry positively impact national, state and local economies.
