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.
Skanska’s latest forecast sees shorter lead times and receding inflation, but the industry isn’t out of the woods yet.
Renovations of older buildings in U.S. cities recently hit a record high as reflected in architecture firm billings, according to the American Institute of Architects (AIA).
Linesight’s latest quarterly report predicts stability (mostly) through the first half of 2023
Market Data | Dec 22, 2021
Construction employment increased in 237 or 66% of 358 metro areas over the last 12 months.
Market Data | Dec 17, 2021
Firms struggle to find qualified workers to keep up with demand.
Market Data | Dec 15, 2021
Construction officials say efforts to address supply chain challenges have been insufficient.
Market Data | Dec 5, 2021
Spending was up on a monthly basis in 13 of the 16 nonresidential subcategories.
Market Data | Nov 30, 2021
The pandemic and supply chain woes may limit gains.
Market Data | Nov 22, 2021
Texas, Wyoming have worst job losses since February 2020, while Utah, South Dakota add the most.