Articles Tagged with ''market reports''

Pent-up demand from the pandemic is creating a general spending surge that is helping to improve the outlook on construction spending over the next two years.

Sales of newly built, single-family homes fell 6.6 percent in June to a 676,000 seasonally adjusted annual rate.

Architecture firms reported increasing demand for design services in June according to a new report.

AIA’s Architecture Billings Index (ABI) score for May rose to 58.5 compared to 57.9 in April (any score above 50 indicates an increase in billings).

A new report released from the American Institute of Architects, in partnership with Oldcastle Building Envelope, is providing an in depth look at the impact of the pandemic on design firm business conditions. 

Overall housing starts increased 3.6 percent in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading.

Purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, outpacing the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes.

Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872.

The Freedonia Group forecasts demand for hard-surface flooring to increase 2.9% per year to 17.0 billion square meters in 2024.

One of the primary conclusions drawn in the report was that floor heating sales were up 31.1% when compared to the prior-year-period.