Student housing market stays strong in summer 2024
As the summer season winds down, student housing performance remains strong. Preleasing for Yardi 200 schools rose to 89.2% in July 2024, falling just slightly behind the same period last year.
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As the summer season winds down, student housing performance remains strong. Preleasing for Yardi 200 schools rose to 89.2% in July 2024, falling just slightly behind the same period last year.
Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.2 months in August, according to an ABC member survey conducted Aug. 20 to Sept. 5. The reading is down 1.0 months from August 2023.
Stantec, HDR, Page, HOK, and Arcadis North America top Building Design+Construction's ranking of the nation's largest architecture engineering (AE) firms for nonresidential building and multifamily housing work, as reported in BD+C's 2024 Giants 400 Report.
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.
Only 4 of 16 subsectors showed gains
Business conditions show continued strength in South and West regions.
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ABC forecastsĀ growth in nonresidential construction spending of 7.4% in 2016Ā along with growth in employment and backlog.