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.
The report states that Dubai tops the list with total project values amounting to US$374.2bn.
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
Billings growth slows but is stable across sectors.
Nonresidential building could still add more than 90 million sf through 2020.
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.
More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.
This year’s analysis draws from 2,800 projects.
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction spending in 2018.
Southern region, multifamily residential sector lead growth.
