Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.

Market Data

Construction spending expected to rise, despite labor and materials snags

In the first half of 2024, construction costs stabilized. And through the remainder of this year, total cost growth is projected to be modest, and matched by an overall increase in construction spending. That prediction can be found in JLL’s 2024 Midyear Construction Update and Reforecast.

Healthcare Facilities

New download: BD+C's 2024 Healthcare Annual Report

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.

Contractors

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of June 2024

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.

Market Data | Jun 3, 2019

4.1% annual growth in office asking rents above five-year compound annual growth rate

Market has experienced no change in office vacancy rates in three quarters.

Market Data | May 30, 2019

Construction employment increases in 250 out of 358 metros from April 2018 to April 2019

Demand for work is outpacing the supply of workers.

Market Data | May 24, 2019

Construction contractors confidence remains high in March

More than 70% of contractors expect to increase staffing levels over the next six months.

Market Data | May 22, 2019

Slight rebound for architecture billings in April

AIA’s ABI score for April showed a small increase in design services at 50.5 in April.

Market Data | May 9, 2019

The U.S. hotel construction pipeline continues to grow in the first quarter as the economy shows surprising strength

Projects currently under construction stand at 1,709 projects/227,924 rooms.

Market Data | May 9, 2019

Construction input prices continue to rise

Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis.

Market Data | May 7, 2019

Construction costs in major metros continued to climb last year

Latest Rider Levett Bucknall report estimates rise at more than double the rate of 2018 Growth Domestic Product.

Market Data | Apr 29, 2019

U.S. economic growth crosses 3% threshold to begin the year

Growth was fueled by myriad factors, including personal consumption expenditures, private inventory investment, surprisingly rapid growth in exports, state and local government spending and intellectual property.