Spending on data center construction totaled $22.3 billion in June, the second-highest monthly total on record. According to a new data report from ConstructConnect, June’s total was second only to the January record high of $25.5 billion. Year-to-date spending on...
New York City’s Department of Buildings halted work on another office-to-residential construction project. The Wall Street Journal reports construction was paused at 750 Third Avenue, a 35-story office building that is being converted by developer SL Green (NYSE: SLG)...
Builder confidence in the market for newly built single-family homes fell two points to 34 in July, down from an upwardly revised reading of 36 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Any HMI level...
Approximately 72.1 million square feet of retail space was under construction nationally during the second quarter, barely changed from the first quarter and up less than 1% from one year earlier. According to data from CoStar Group (NASDAQ: CSGP), the amount of new...
A 38-story Midtown Manhattan office tower that is being converted to residential housing was evacuated this morning after two support beams on its upper floor buckled and several floors began to sag, causing bricks to fall from the building. According to combined...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
