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?
Thirteen out of 16 subsectors are associated with year-over-year increases.
Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and California have largest one-month gains as Mississippi and Louisiana trail.
Southern region reports decline in billings for the first time since June 2012.
The study foresees a significant segment of seniors struggling to buy or rent on their own or with other people.
Projects already under construction and those scheduled to start construction in the next 12 months, combined, have a total of 3,782 projects/213,798 rooms and are at cyclical highs.
Stable vacancy helped push asking rents 4% higher in third quarter.
Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September.
The report states that Dubai tops the list with total project values amounting to US$374.2bn.
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
Billings growth slows but is stable across sectors.
