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National nonresidential construction spending increased 0.2% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.19 trillion.
Managers of companies in the industrial sector, including construction, have bought the hype of artificial intelligence (AI) as a transformative technology, but their organizations are not ready to realize its promise, according to research from IFS, a global cloud enterprise software company. An IFS survey of 1,700 senior decision-makers found that 84% of executives anticipate massive organizational benefits from AI.
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.
JLL’s latest construction report shows stability ahead with tech and innovation leading the way.
For the economy, the rate of growth may be low but it’s running on all cylinders.
“The July figures show the continuation of healthy trends in the construction sector of our economy,” said AIA Chief Economist, Kermit Baker.
AIA’s latest compensation report finds average compensation for staff positions up 2.8% from early 2015.
An analysis of mortgage-backed loans suggests that demand remains relatively steady.
Spending in all 12 of the remaining nonresidential construction subsectors retreated on both an annualized and monthly basis.
On average, becoming an architect takes 12.5 years—from the time a student enrolls in school to the moment they receive a license.
ConstructConnect’s quarterly report shows courthouses and sports stadiums to end 2017 with a flourish.
June’s weak construction spending report can be largely attributed to the public sector.
Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2% seasonally adjusted annual rate.
