Energy prices have been more volatile lately.
Commercial construction continues to be hamstrung by labor shortages that are expected to persist through at least the remainder of this year. Image: Pixabay
Labor shortages are spiking wages. Materials costs are rising, too.
Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 20...read more
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month. Photo: Pixabay
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a sc...read more
There are risks to the 2018 outlook as a number of potential cost increases could come into play....
The top world region by project count is North America.
The Total Pipeline stands at 12,427 Projects/2,084,940 Rooms.
CBI is a leading economic indicator that reflects the amount of construction work under contract,...read more
Despite rising construction labor and materials costs, 55% of contractors expect their profit mar...read more
Largest active projects are by Sutter Health, New York Presbyterian, and Scripps Health.
Photo: Juhasz Imre/Pexels
Multifamily housing and senior living developments head the list of the hottest sectors heading i...read more
Thirty-seven states benefited from the rise in construction activity in their state, while 13 sta...read more
Business conditions remain uneven across regions.
ConstructConnect’s quarterly report shows the most significant annual growth in the civil enginee...read more
Dodge Outlook Report predicts deceleration but still growth, reflecting a mixed pattern by projec...read more
Nonresidential construction spending is down 2.9% on a year-over-year basis.
Business conditions easing in the West.
Spending on nonresidential construction services is still down on a YOY basis.
Design services remain in high demand across all regions and in all major sectors.
Hurricane recovery efforts expected to heighten concerns about labor scarcities in the south, whe...read more
As of Sept. 14, 166 properties reported damage to 8,956 units, about 1.4% of the total supply of...read more
Marriott has the most rooms currently under construction with 482 Projects/67,434 Rooms.
Weakness in spending was widespread.
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 econo...read more
AIA’s latest compensation report finds average compensation for staff positions up 2.8% from earl...read more
USAA is building a 240,000-sf office in suburban Tampa, Fla., for 1,000 additional employees. The company is also expanding its existing campus in Plano, Texas, a suburb of Dallas, with a 150,000-sf building. Suburban office space with urban characteristics still can attract investors and companies. Image: USAA
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 a...read more
On average, becoming an architect takes 12.5 years—from the time a student enrolls in school to t...read more