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Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior month.
Could we be headed towards a “period of stagflation?” That's the question Andrew Semmes, Senior Research Analyst, poses in the Matrix May 2024 Multifamily Rent Forecast update.
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
In its latest multifamily report, Yardi Matrix finds that the national average rent has increased for the second month in a row.
Seven of the 10 executives in the sector surveyed in the report said their company fell victim to fraud in the past year.
Architecture firms close 2016 with the strongest performance of the year.
A survey, conducted in October by The Harris Poll on behalf of AIA, asked 2,108 U.S. adults if they considered public buildings part of their community’s infrastructure.
The boost in firm leader optimism extends across almost the entire engineering marketplace.
Many construction firms have reported that they remain busy but have become concerned that work could dry up in certain markets in 2017 or 2018, says Anirban Basu, ABC Chief Economist.
“The U.S. economy continues to expand amid a weak global economy and, despite risks to the construction industry, nonresidential spending should expand 3.5 percent in 2017,” says ABC Chief Economist Anirban Basu.
Nonresidential spending is now 2.6 percent higher than at the same time one year ago.
Overall nonresidential construction spending in September totaled $690.5 billion, down a slight 0.7 percent from a year earlier.
It’s all about technology and convenience when it comes to the things millennial renters value most in a multifamily facility.
A national survey finds strong support for essential community buildings.
