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
Market Data | Oct 14, 2021
Construction officials renew push for immediate removal of tariffs on key construction materials.
Market Data | Oct 11, 2021
Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.
Market Data | Oct 4, 2021
A decrease in nonresidential projects negates ongoing growth in residential work.
Market Data | Oct 1, 2021
Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.
Market Data | Sep 29, 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 20, 2021
The coronavirus delta variant and supply problems hold back recovery.