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Welcome to Building Design+Construction’s 2024 Healthcare Annual Report. This free 66-page special report is our first-ever “state of the state” update on the $65 billion healthcare construction sector.
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023.
The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.
Join the Building Design+Construction editorial team for this live webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. This free live webinar, hosted by BD+C editors, will take place Thursday, July 11 at Noon ET / 11 AM Central.
A panel of construction industry economists forecasts 5.4 percent growth for the nonresidential building sector in 2022, and a 6.1 percent bump in 2023.
Projects scheduled to start construction in the next 12 months stand at 1,821 projects/210,890 rooms at the end of the fourth quarter.
December’s Architectural Billings Index (ABI) score of 52.0 was an increase from 51.0 in November.
Most contractors in association survey list costs as top concern in 2022.
Seventy-four percent of firms plan to hire in 2022 despite supply-chain and labor challenges.
Jobless rate falls to 5% as ongoing nonresidential recovery offsets rare dip in residential total.
Rider Levett Bucknall’s latest report cites labor shortages and supply chain snags among causes for cost increases.
Anchin’s poll of 20 AEC clients finds a “growing optimism,” but also multiple pressure points.
Construction spending in November totaled $1.63 trillion at a seasonally adjusted annual rate.
Construction employment increased in 237 or 66% of 358 metro areas over the last 12 months.
