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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.
Join the Building Design+Construction editorial team for this live webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. This free live webinar, hosted by BD+C editors, will take place Thursday, July 11 at Noon ET / 11 AM Central.
Impacts on labor and materials costs at issue, according to latest JLL report.
Business conditions projected to solidify moving into the spring and summer.
Contractors in each segment surveyed all saw lower backlog during the fourth quarter, with firms in the heavy industrial segment experiencing the largest drop.
The pace of growth was slower than in 2015, however.
Despite minor slowdown in overall billings, commercial/ industrial and institutional sectors post strongest gains in over 12 months.
Report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December.
Expects another double-digit growth year for office construction, but a more modest uptick for health-related building.
This marks the third consecutive record-breaking year for building completions over 200 meters.
Seven of the 10 executives in the sector surveyed in the report said their company fell victim to fraud in the past year.
