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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.
Construction cost gains are occurring at a time when nonresidential construction spending was down by 9.5 percent for the 12 months through July 2021.
Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.
A decrease in nonresidential projects negates ongoing growth in residential work.
Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.
Lawrence-Methuen Town-Salem, Mass. and San Diego-Carlsbad, Calif. top lists of metros with year-over-year employment increases.
FMI’s new study finds collaboration and creativity are major reasons why owners and AEC firms prefer this delivery method.
The ABI score for August was 55.6, up from July’s score of 54.6.
The coronavirus delta variant and supply problems hold back recovery.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in August.
Gains are limited to homebuilding as other contractors struggle to fill both craft and salaried positions.
