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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 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?
Asking rents for multifamily units increased $8 during the month to $1,721; year-over-year growth grew 30 basis points to 0.9 percent—a normal seasonal growth pattern according to Yardi Matrix.
“The hope is that June’s construction spending setback is merely a statistical aberration,” said ABC Chief Economist Anirban Basu.
The hotel construction pipeline has been growing moderately and incrementally each quarter.
Nonresidential fixed investment represented an especially important element of second quarter strength in the advance estimate.
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 growth.
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.
The latest report from the Joint Center for Housing Studies laments the paucity of subsidies to relieve cost burdens of ownership and renting.
