Construction of Urban Union in Seattle in 2015. Photo: SounderBruce/Creative Commons
The American Institute of Architects’ semi-annual Consensus Construction Forecast indicates a gro...read more
Spending on lodging construction, like the expansive renovation of the Intercontinental New York Barclay pictured above, should increase by 10.8% to $23.4 billion in 2016. Total spending on nonresidential building is projected to grow this year by 13.7% to $439.2 billion, according to Gilbane. Image: Shawmut Design and Construction
But finding skilled workers continues to be a problem and could inflate a project's costs.
Despite a projected slowing in manufacturing activity, warehouse distribution should continue to be a shining light in the nonresidential sector, for builders and investors alike. Image: Pixabay
Sees positive signs for construction and investment growth in warehouses, offices, and retail...
Increased government spending on infrastructure projects should help.
Construction on the Amazon Complex in Seattle in December 2015. Photo: Jeffrey Scott Will/Creative Commons.
The Construction Cost Index, from Mortenson Construction, indicated rises between 3 and 4% on ave...read more
Construction in Palo Alto, Calif. Photo: albedo20/Creative Commons.
Though the economy did not have a strong ending to 2015, the data does not suggest that nonreside...read more
Novartis's Alcon Laboratories campus in Texas includes a 37,000-sf data center with a 100 kW PV array for on-site power. JLL's latest Data Center outlook says more third-party data centers are turning to alternative energy sources for their long-term power needs. Image courtesy Integrated Design Group
JLL’s latest outlook foresees a maturation in certain metros.
CDM Research finds only a few positive signs among the leading sectors.
While volatility persists, architecture firms reported healthy performance for 2015.
Photo: Dennis S. Hurd/Creative Commons.
In December, construction material prices fell for the sixth consecutive month. Prices have decli...read more
Economists continue to debate whether the U.S. economy will be more resilient than other nations and thrive, or limp along for the next several years. Image courtesy Pixabay
Strong job growth and dwindling consumer debt give rise to hope.
InterContinental Hotels Group and Brack Capital Real Estate recently opened the 293-room Hotel Indigo in Manhattan's Lower East Side. Photo courtesy IHG
More than 100,000 rooms could be delivered this year alone.
Photo: SounderBruce/Creative Commons.
The largest revisions came in the last two years and were largely upward.
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construct...read more
The latter months of 2015 showed signs that construction spending's momentum had leveled off. Courtesy of Pixabay
Only 4 of 16 subsectors showed gains
Photo: Dave Reid/Creative Commons
Business conditions show continued strength in South and West regions.
Photo: David Tan/Creative Commons
ABC forecasts growth in nonresidential construction spending of 7.4% in 2016 along with growth in...read more