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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.
Soaring costs, supply-chain challenges, and workforce shortages undermine industry's recovery.
Weak demand, supply-chain woes make further declines likely.
Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories.
New York City has the greatest number of projects under construction with 110 projects/19,457 rooms.
Although hotel development may still be tepid in Q1, continued government support and the extension of programs has aided many businesses to get back on their feet as more and more are working to re-staff and re-open.
The decline occurs despite homebuilding boom and improving economy.
Consigli’s latest market outlook identifies building products that are high risk for future price increases.
AIA’s ABI score for March rose to 55.6 compared to 53.3 in February.
Nonresidential projects lag despite hot homebuilding market.
The Construction Backlog Indicator fell to 7.8 months in March.
