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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.
Skanska’s latest forecast sees shorter lead times and receding inflation, but the industry isn’t out of the woods yet.
Renovations of older buildings in U.S. cities recently hit a record high as reflected in architecture firm billings, according to the American Institute of Architects (AIA).
Linesight’s latest quarterly report predicts stability (mostly) through the first half of 2023
Construction officials renew push for immediate removal of tariffs on key construction materials.
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.
Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.
A decrease in nonresidential projects negates ongoing growth in residential work.
Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.
Lawrence-Methuen Town-Salem, Mass. and San Diego-Carlsbad, Calif. top lists of metros with year-over-year employment increases.
FMI’s new study finds collaboration and creativity are major reasons why owners and AEC firms prefer this delivery method.
The ABI score for August was 55.6, up from July’s score of 54.6.
The coronavirus delta variant and supply problems hold back recovery.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in August.
