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.

Contractors

Nonresidential construction spending decreased 0.2% in June

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.

Office Buildings

U.S. commercial foreclosures increased 48% in June from last year

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.

Construction Costs

Data center construction costs for 2024

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.

Market Data | Aug 17, 2017

Marcum Commercial Construction Index reports second quarter spending increase in commercial and office construction

Spending in all 12 of the remaining nonresidential construction subsectors retreated on both an annualized and monthly basis.

Industry Research | Aug 11, 2017

NCARB releases latest data on architectural education, licensure, and diversity

On average, becoming an architect takes 12.5 years—from the time a student enrolls in school to the moment they receive a license.

Market Data | Aug 4, 2017

U.S. grand total construction starts growth projection revised slightly downward

ConstructConnect’s quarterly report shows courthouses and sports stadiums to end 2017 with a flourish.

Market Data | Aug 2, 2017

Nonresidential Construction Spending falls in June, driven by public sector

June’s weak construction spending report can be largely attributed to the public sector.

Market Data | Jul 31, 2017

U.S. economic growth accelerates in second quarter; Nonresidential fixed investment maintains momentum

Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2% seasonally adjusted annual rate.

The apartment market continues to remain strong despite slightly softer business conditions as of late.

Multifamily Housing | Jul 27, 2017

Apartment market index: Business conditions soften, but still solid

Despite some softness at the high end of the apartment market, demand for apartments will continue to be substantial for years to come, according to the National Multifamily Housing Council.