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.
Gains are likely temporary as new industry survey finds widespread pessimism for 2021.
New industry outlook finds most contractors expect demand for many categories of construction to decline.
Dwindling list of project starts forces contractors to lay off workers.
Many commercial projects languish, even while homebuilding soars.
Sales completions at end of Q3 were down over 41 percent from the same period a year ago.
Measure’s modest amount of funding for infrastructure projects and clarification that PPP loans may not be taxed will help offset some of the challenges facing the construction industry.
New York and Vermont record worst February-November losses, Virginia has largest pickup.
The pace of decline during November accelerated from October, posting an Architecture Billings Index (ABI) score of 46.3 from 47.5.
A new JLL report assesses which tech options got a pandemic “boost.”
Project cancellations, looming PPP tax bill will undercut future job gains.