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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.
In its latest quarterly report, Rider Levett Bucknall states that contractors’ most critical choice will be selecting which building sectors to target.
One of the hardest decisions multifamily developers and their design teams have to make is what mix of amenities they’re going to put into each project. A lot of squiggly factors go into that decision: the type of community, the geographic market, local recreation preferences, climate/weather conditions, physical parameters, and of course the budget. The permutations are mind-boggling.
Nonresidential firms struggle to find workers and materials to complete projects.
Firms struggle to cope with materials, labor challenges.
Soaring material costs, supply-chain disruptions impede recovery.
AIA’s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April.
Construction input prices are 24.3% higher than a year ago, while nonresidential construction input prices increased 23.9% over that span.
The 24.3% increase in prices for materials used in construction from May 2020 to last month was nearly twice as great as in any previous year
Materials and labor shortages suppress contractor confidence.
