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.
The growth spurt continued even as business investment declined for the first time since 2016.
AIA’s latest Consensus Construction Forecast predicts growth.
Labor availability is a big factor in that inflation, according to Rider Levett Bucknall report.
Contractors were slightly less upbeat regarding profit margins and staffing levels compared to April.
Project inquiry gains hit a 10-year low.
The Construction Backlog Indicator expanded to 8.9 months in May 2019.
Using RSMeans data from Gordian, here are the most recent costs per square foot for K-12 school buildings in 10 cities across the U.S.
This is the first time in nearly three years that input prices have fallen on a year-over-year basis.
Among the 16 nonresidential construction spending categories tracked by the Census Bureau, five experienced increases in monthly spending.
With a total of 1,302 projects worth $524.6 billion, California has both the largest number and value of projects in the U.S. construction project pipeline.