Apartment completions to surpass 500,000 for first time ever

While the U.S. continues to maintain a steady pace of delivering new apartments, this year will be one for the record books.

Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.

Office Buildings

U.S. commercial foreclosures increased 48% in June from last year

The commercial building sector continues to be under financial pressure as foreclosures nationwide increased 48% in June compared to June 2023, according to ATTOM, a real estate data analysis firm.

Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers.

Market Data | Jan 29, 2021

Multifamily housing construction outlook soars in late 2020

Exceeds pre-COVID levels, reaching highest mark since 1st quarter 2018.

Market Data | Jan 29, 2021

The U.S. hotel construction pipeline stands at 5,216 projects/650,222 rooms at year-end 2020

At the end of Q4 ‘20, projects currently under construction stand at 1,487 projects/199,700 rooms.

Multifamily Housing | Jan 27, 2021

2021 multifamily housing outlook: Dallas, Miami, D.C., will lead apartment completions

In its latest outlook report for the multifamily rental market, Yardi Matrix outlined several reasons for hope for a solid recovery for the multifamily housing sector in 2021, especially during the second half of the year.

Market Data | Jan 26, 2021

Construction employment in December trails pre-pandemic levels in 34 states

Texas and Vermont have worst February-December losses while Virginia and Alabama add the most.

Market Data | Jan 19, 2021

Architecture Billings continue to lose ground

The pace of decline during December accelerated from November.

Market Data | Jan 19, 2021

2021 construction forecast: Nonresidential building spending will drop 5.7%, bounce back in 2022

Healthcare and public safety are the only nonresidential construction sectors that will see growth in spending in 2021, according to AIA's 2021 Consensus Construction Forecast.