35 Hudson Yards, a 1,009-ft-tall mixed-use tower, is one of several major projects that will be completed between now and 2020, when a new report says New York's construction spending will start leveling off. Image: Courtesy of Related-Oxford
Nonresidential building could still add more than 90 million sf through 2020.
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020....
More than three in four construction firms expect that sales will continue to rise over the next...read more
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
A new JLL report provides in-depth breakdowns for the cost of office fit outs in the U.S. and Canada, based on more than 2,800 projects that the firm has managed. Image: JLL
This year’s analysis draws from 2,800 projects.
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction...read more
Southern region, multifamily residential sector lead growth.
International trade uncertainty, widespread construction skills shortage creating perfect storm f...read more
Backlog is up 12.2% from the first quarter and 14% compared to the same time last year.
Softwood lumber prices plummeted 9.6% in August yet are up 5% on a yearly basis (down from a 19.5...read more
The report revealed 88% of contractors expect to feel at least a moderate impact from the workfor...read more
Private nonresidential spending fell 1% in July, while public nonresidential spending expanded 0....read more
Although there are disparities in the pace of growth in construction output among the ASEAN membe...read more
Architecture firms located in the South remain especially strong.
The rise in rental rates marks the 21st consecutive quarterly increase.
Gains reported in five of the top ten markets.
Nonresidential construction input prices increased fell 0.3% in July but are up 9.6% year over ye...read more
AIA releases latest Consensus Construction Forecast.
The metro with the most units under construction and planned as a percent of existing inventory i...read more
Favorable economic conditions produce a sunny summer for the apartment sector.
“The hope is that June’s construction spending setback is merely a statistical aberration,” said...read more
The hotel construction pipeline has been growing moderately and incrementally each quarter.
Nonresidential fixed investment represented an especially important element of second quarter str...read more
June represents the latest month associated with rapidly rising construction input prices.
Outsize development activity in some major metros could increase vacancy rates and stagnate rent...read more
New report says strong economic fundamentals outweigh headwinds.
Architecture Billings Index enters eighth straight month of solid growth.
There are 5,952 projects/1,115,288 rooms under construction, up 8% by projects YOY.
The CBI shows highlights by region, industry, and company size.
New construction of single-family homes isn't keeping pace with demand around the country, and much of what's being build is too expensive for many potential buyers. Image: Joint Center for Housing Studies (JCHS) State of the Nation's Housing
The latest report from the Joint Center for Housing Studies laments the paucity of subsidies to r...read more