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Cross laminated timber market forecast to more than triple by end of decade

Cross laminated timber (CLT) is gaining acceptance as an eco-friendly building material, a trend that will propel its growth through the end of the 2020s. The CLT market is projected to more than triple from $1.11 billion in 2021 to $3.72 billion by 2030, according to a report from Polaris Market Research.




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Market Data | Oct 14, 2021

Prices for construction materials continue to outstrip bid prices over 12 months

Construction officials renew push for immediate removal of tariffs on key construction materials.

Market Data | Oct 11, 2021

No decline in construction costs in sight

Construction cost gains are occurring at a time when nonresidential construction spending was down by 9.5 percent for the 12 months through July 2021.

Market Data | Oct 11, 2021

Nonresidential construction sector posts first job gain since March

Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.

Market Data | Oct 4, 2021

Construction spending stalls between July and August

A decrease in nonresidential projects negates ongoing growth in residential work.

Market Data | Oct 1, 2021

Nonresidential construction spending dips in August

Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.

Market Data | Sep 29, 2021

One-third of metro areas lost construction jobs between August 2020 and 2021

Lawrence-Methuen Town-Salem, Mass. and San Diego-Carlsbad, Calif. top lists of metros with year-over-year employment increases.

Market Data | Sep 28, 2021

Design-Build projects should continue to take bigger shares of construction spending pie over next five years

FMI’s new study finds collaboration and creativity are major reasons why owners and AEC firms prefer this delivery method.

Market Data | Sep 22, 2021

Architecture billings continue to increase

The ABI score for August was 55.6, up from July’s score of 54.6.

Market Data | Sep 20, 2021

August construction employment lags pre-pandemic peak in 39 states

The coronavirus delta variant and supply problems hold back recovery.

Market Data | Sep 15, 2021

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ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in August.

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