This year will be the first year in U.S. history that more than 500,000 new apartments are constructed, according to a new analysis of the 2024 rental market from RentCafe.  The trend, which is anticipated to abate slightly in 2025, may again resurface by 2028 with exceptions remaining in... View full entry

Another museum project in China from BIG, the 646,000-square-foot Suzhou Museum of Contemporary Art, topped out recently ahead of its scheduled 2025 opening. The project, a "tribute to the rich garden heritage of Suzhou," includes 12 separate small pavilions, which are united by walkways covered... View full entry

The hospitality industry group Lodging Econometrics has released its new prospectus of hotel projects in the construction and planning pipelines, indicating a new all-time high for the growing sector. At the end of Q2, 1,171 projects were reportedly under construction across the U.S. Another... View full entry

The Dodge Momentum Index (DMI) for July has improved for the second consecutive month, recording a 7.9% increase to a new score of 216.3. This follows June’s revised increase to 200.5. For the month, commercial planning grew by 6.8%, and institutional planning gained 11.1%. "While data centers... View full entry

Nonresidential construction spending dipped 0.2% nationwide in June, according to the latest Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.  On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion, with... View full entry

Construction has begun on the new Scotia Place events center in downtown Calgary from HOK and DIALOG.  The arena design reportedly considers its site’s Indigenous forebears from the Treaty 7 Peoples and the Metis Nation and establishes a new home for the Calgary Flames NHL franchise while... View full entry

The White House Council on Environmental Quality (CEQ) has shared its updated recommendations for modernizing the process of environmental reviews using new digital technologies. The 78-page report issued last week includes recommended steps and other guidances to complement projects pursued... View full entry

ConstructConnect’s latest Project Stress Index (PSI) reading, which measures the level of non-residential projects that have experienced a delayed bid date, being placed on hold, or being abandoned, for June 2024 is up 1.5% from May. The figure of 112.7 is up 9% from June 2023. As reported by... View full entry

The first eight 3D printed homes from construction tech company ICON’s new CODEX architectural catalog are coming to Wimberley, Texas, as part of an initial release intended for the Austin area market.The single-story homes, currently under construction, belong to the TexNext and AlphaBeta... View full entry

Construction input prices fell by 0.3% in June, according to the latest Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics' Producer Price Index. For the month, Nonresidential construction input prices declined by 0.4%. Overall construction input prices are... View full entry

The El Paso Children's Museum in Texas from Snøhetta and Exigo Architecture is advancing toward completion later this summer. The four-story, 70,000-square-foot museum is part of El Paso’s Downtown Arts District and will serve the community as its first purpose-built children's museum when it... View full entry

MAD Architects has shared a construction update for the easternmost portion of e-commerce giant Tencent's new Shenzhen headquarters, which is currently under construction for 2025. The project is located in the east of Dachan Bay Island, Qianhai, and comprises five blocks equal to about... View full entry

A groundbreaking ceremony for the new Taoyuan Station from Mecanoo was recently held in Taiwan. The 656,598-square-foot transportation project supports the country’s transition to an underground rail network as part of the initial segment of a two-phase master plan. Image courtesy Mecanoo The... View full entry

The Dodge Momentum Index (DMI) increased by 10.4% in June to a new score of 198.6, according to new data from Dodge Construction Network. The latest numbers are up considerably from the revised May reading of 179.9. Over the month, commercial planning increased 14.5%, and institutional planning... View full entry

Spending on nonresidential construction nationwide fell 0.1% in May, according to a newly released Associated Builders and Contractors analysis of U.S. Census Bureau data on the industry.  On a seasonally adjusted annualized basis, nonresidential spending now totals $1.21 trillion. Spending... View full entry