A recent study from MIT, Timing Sustainable Engagement in Real Asset Investments, leverages BuildZoom’s building permit data to understand how sustainable real estate investments can be better timed for impact. The findings suggest that aligning sustainable engagement with physical depreciation cycles can drive effective, long-lasting improvements in property … [Read more...]
Construction Market Trends for September 2024
New construction activity for the US continues to decrease, and is expected to as we enter Q4 just like prior years. September is down 3% compared to September last year. Alteration activity also dipped again in September at a similar rate as New Construction. Year-over-year growth remained positive at 1.5% for Alterations. Regionally, the pattern continues where the … [Read more...]
Construction Market Trends for August 2024
New construction activity for the US continued the pattern from July 2024 and decreased in August. This means a -5% change for new construction from a year-over-year point of view. Alteration activity also dipped again in August, although not as much in magnitude as new construction. For alterations, year-over-year growth remained positive at 1%. Regionally, similar to … [Read more...]
Construction Snapshot for July 2024
National new construction activity continued the pattern from June and decreased in July 2024. From a year-over-year growth perspective, this corresponds with 0% growth for new construction. In a similar vein, alteration activity dipped slightly again in July, although year-over-year growth stayed positive at 2%. Breaking it down by region, only the Pacific region saw … [Read more...]
Construction Snapshot for June 2024
National new construction activity took a slight step backwards after five consecutive months of growth to start 2024, although grew 4% on a year-over-year basis. Similarly, alteration activity dipped slightly in July, although annual growth remained positive at 2%. From a regional standpoint, the annual growth in new construction activity was largely driven by markets … [Read more...]