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Commercial and multifamily construction starts reflect nationwide recovery in 2021

Archinect

According to a new Dodge Construction Network report, the value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States has increased 18% from 2020 to 2021. Nationally, commercial and multifamily construction starts increased 16% in 2021.

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52 Reservoir Street Commercial Building / SJB

ArchDaily

© Brett Boardman architects: SJB Location: 52 Reservoir St, Surry Hills NSW 2010, Australia Project Year: 2021 Photographs: Brett Boardman Area: 2400.0 m2 Read more »

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America's largest cities have seen a spike in commercial and multifamily construction starts during first half of 2022

Archinect

A new report from the Dodge Construction Network indicates the continued rebound of the building industry in 12 of America’s 20 largest metropolitan areas during the first two quarters of 2022, propelled by new starts in the commercial and multifamily residential sectors.

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Architecture Billings Index in December ends 2021 favorably despite labor shortage and pandemic uncertainty

Archinect

Wrapping up a tumultuous business year 2021, the American Institute of Architects reports that architecture firms ended the year on a "high note with strong business conditions." Sector index breakdown: mixed practice (60.6); multi-family residential (49.2); commercial/industrial (49.2); institutional (47.6) in November.

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North American crane count yields recovery, increasing 4.74% from Q3 2021 to Q1 2022

Archinect

The number of cranes in North America's major cities increased 4.74% from Q3 2021 to Q1 2022, recovering from the identical decrease from the previous Rider Levett Bucknall crane index report. In total, North American cities added 22 cranes in the first quarter of 2022, in which more than half were in the commercial sector.

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Construction starts decline again in November, led by losses in commercial projects and manufacturing

Archinect

Total year-to-date starts for the first 11 months of the year were 14% higher than in 2021. The dip follows an October rebound that ended two consecutive months of declining figures. Nonresidential building starts rose 36% in the same time period, while residential starts dropped by 1%, and nonbuilding starts went up by 16%.

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Project abandonments rose sharply across the country during March

Archinect

Construction Dive has more on the latest economic indicators impacting nearly every sector of commercial architecture, including the startling revelation that outright abandonments have increased by 60% from 2021 base levels.

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