A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
Tag: Construction
Dodge Momentum Index Dips 5% in October
The Dodge Momentum Index, which tracks nonresidential building projects in the planning stage, decreased 5.3% in October to 197.2 from September’s 208.2 reading.
CBRE: North American Data Center Pricing, Supply Remain Strong in Primary Markets
CBRE, Dallas, found the primary market supply for data centers in North America grew 26% year-over-year in 2023.
Permits for Homes Fell in 2023, Point2 Reports
Point2, Saskatoon, Saskatchewan, released its Housing Construction Report for the U.S., finding that 70% of U.S. metros experienced declines in permitting in 2023.
Dodge Momentum Index Decreases 1% in November
The Dodge Momentum Index decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7, according to the Dodge Construction Network, Hamilton, N.J.
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Commercial Construction Costs Continue to Escalate
Commercial real estate construction costs continue to increase, reported Rider Levett Bucknall, Honolulu.
Emerging Construction Lending Risks in the Age of COVID-19
On May 6, join MBA and a construction lending experts for a webinar (complimentary for MBA members).