HORIZONTV FEATURING BD+C: WATCH EPISODES ON DEMAND AT HORIZONTV
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.
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.
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.
The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.
But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to Oxford Economics’ latest Global Cities report.
November marked the fourteenth consecutive month of increasing demand for architectural firm services.
Job growth, high backlog and healthy infrastructure investment all spell good news for the industry.
Thirteen out of 16 subsectors are associated with year-over-year increases.
Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and California have largest one-month gains as Mississippi and Louisiana trail.
Southern region reports decline in billings for the first time since June 2012.
The study foresees a significant segment of seniors struggling to buy or rent on their own or with other people.
Projects already under construction and those scheduled to start construction in the next 12 months, combined, have a total of 3,782 projects/213,798 rooms and are at cyclical highs.
Stable vacancy helped push asking rents 4% higher in third quarter.
Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September.
