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.
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While the U.S. continues to maintain a steady pace of delivering new apartments, this year will be one for the record books.
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.
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.
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.
Exceeds pre-COVID levels, reaching highest mark since 1st quarter 2018.
At the end of Q4 ‘20, projects currently under construction stand at 1,487 projects/199,700 rooms.
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.
Texas and Vermont have worst February-December losses while Virginia and Alabama add the most.
The pace of decline during December accelerated from November.
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.
U.S. construction activity is expected to bounce back in 2021, after a slowdown in 2020 due to challenges brought by COVID-19.
Rider Levett Bucknall’s latest cost report singles out unemployment and infrastructure spending as barometers.
ABC’s Construction Confidence Index readings for sales, profit margins, and staffing levels increased in December.
SourceBlue draws upon 20 years of supply chain management experience in the construction industry.