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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.
Firms struggle to find qualified workers to keep up with demand.
Construction officials say efforts to address supply chain challenges have been insufficient.
Changing conditions could be on the horizon.
Gains were in all segments, but the industry will need even more workers as demand accelerates.
Growth in most public and private nonresidential types is offsetting the decline in residential work.
Spending was up on a monthly basis in 13 of the 16 nonresidential subcategories.
The pandemic and supply chain woes may limit gains.
Texas, Wyoming have worst job losses since February 2020, while Utah, South Dakota add the most.
Construction input prices are 21.1% higher than in October 2020.
Supply chain and labor woes continue.
