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?
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 six months, while three in five expect higher profit margins.
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
This year’s analysis draws from 2,800 projects.
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction spending in 2018.
Southern region, multifamily residential sector lead growth.
International trade uncertainty, widespread construction skills shortage creating perfect storm for escalating project costs; property development leaders split on potential impact of emerging technologies.
Backlog is up 12.2% from the first quarter and 14% compared to the same time last year.
