Expert Q&A

Andrew Phillips, Structural Engineer at Arup

Andrew Phillips, Structural Engineer at Arup, talks about the Naala Badu (formerly known as the Sydney Modern Project), which won the Best Project of the Year 2024 constructsteel award. He highlights the innovative use of steel in transforming the Art Gallery of New South Wales (AGNSW), focusing on sustainability, adaptive reuse of historical structures, and the architectural collaboration that brought the gallery’s expansion to life.

Technical trends

The real estate industry can solve problems with data—if it asks the right questions

Real estate is sitting on a goldmine of data, but many companies are struggling to extract its true value. A new perspective suggests the key isn’t just having data, it’s about strategically defining the problems you’re trying to solve before diving in. Explore how focusing on achievable early successes can pave the way for broader AI implementation. Consider the critical importance of aligning business objectives with technological capabilities, and the leadership needed to drive meaningful change. Unlock the potential to not just collect data, but to use it to gain a real competitive advantage.

Project story

Former Shanghai steelworks blossoms into a sustainable masterpiece - the Expo Cultural Park Greenhouse

An old steel factory in Shanghai’s former industrial heartland has metamorphosised into an awe-inspiring greenhouse and cultural park.

Awards 2025

constructsteel Awards: 2025 nominations open soon

Nominations for the 2025 constructsteel Awards open next week, recognising Best Project of the Year, Innovation of the Year, and Excellence in Sustainability. Learn more about the award categories, judging criteria, and online nomination forms.

Construction market trends

United States

X Values Permits (LHS, SAAR Millions) Output (RHS, SAAR USD Millions)
Jan-19 1.261 516545
Feb-19 1.287 516241
Mar-19 1.305 517830
Apr-19 1.311 523135
May-19 1.347 529067
Jun-19 1.315 541113
Jul-19 1.352 552933
Aug-19 1.489 559944
Sep-19 1.474 563875
Oct-19 1.525 567630
Nov-19 1.527 580119
Dec-19 1.451 586635
Jan-20 1.507 596241
Feb-20 1.442 606421
Mar-20 1.358 615959
Apr-20 1.066 596264
May-20 1.26 584502
Jun-20 1.338 590679
Jul-20 1.546 611092
Aug-20 1.529 641265
Sep-20 1.624 663219
Oct-20 1.613 684421
Nov-20 1.714 702989
Dec-20 1.744 725893
Jan-21 1.883 744621
Feb-21 1.715 737306
Mar-21 1.732 755629
Apr-21 1.738 769180
May-21 1.681 781138
Jun-21 1.657 792046
Jul-21 1.652 807694
Aug-21 1.77 811116
Sep-21 1.625 821300
Oct-21 1.719 830846
Nov-21 1.766 855289
Dec-21 1.913 884297
Jan-22 1.915 912064
Feb-22 1.86 937491
Mar-22 1.879 956267
Apr-22 1.835 970813
May-22 1.712 980391
Jun-22 1.745 955849
Jul-22 1.719 930578
Aug-22 1.542 914591
Sep-22 1.613 896797
Oct-22 1.56 884161
Nov-22 1.402 869624
Dec-22 1.4 859697
Jan-23 1.443 855073
Feb-23 1.62 847449
Mar-23 1.493 847144
Apr-23 1.47 844688
May-23 1.532 861971
Jun-23 1.493 864826
Jul-23 1.501 874187
Aug-23 1.578 876578
Sep-23 1.515 877629
Oct-23 1.534 877566
Nov-23 1.508 879069
Dec-23 1.53 886430
Jan-24 1.508 904235
Feb-24 1.563 914102
Mar-24 1.485 911890
Apr-24 1.44 937484
May-24 1.399 941231
Jun-24 1.454 912102
Jul-24 1.406 909800
Aug-24 1.470 923515
Sep-24 1.425 892268
Oct-24 1.419 922406
Nov-24 1.493 925537
Dec-24 1.482 939486

In December 2024, U.S. single-family construction increased to a 10-month high, pointing to some improvement at the end of the year. On the non-residential side, a slight increase was observed, attributable to higher spending in the manufacturing and power industries.

Private residential output up 1.5% m-o-m (6% y-o-y) in December; Building permits down -0.7% m-o-m (-3.1% y-o-y) in December.

Private non-residential output up 0.1% m-o-m (2.3% y-o-y) in December. Architecture Billings Index (ABI) down to 44.1 in December from 49.6 in November (< 50, contraction).

China

Jan-19 17.91
Feb-19 13.08
Mar-19 10.69
Apr-19 13.08
May-19 11.15
Jun-19 9.12
Jul-19 6.61
Aug-19 6.95
Sep-19 6.05
Oct-19 11.01
Nov-19 8.02
Dec-19 8.26
Jan-20 -6.58
Feb-20 -17.65
Mar-20 -30.64
Apr-20 -18.42
May-20 -8.57
Jun-20 3.82
Jul-20 7.59
Aug-20 7.70
Sep-20 3.91
Oct-20 1.28
Nov-20 1.84
Dec-20 4.71
Jan-21 11.84
Feb-21 24.91
Mar-21 8.31
Apr-21 -4.99
May-21 -10.93
Jun-21 -6.07
Jul-21 -9.99
Aug-21 -13.12
Sep-21 -17.42
Oct-21 -21.25
Nov-21 -22.64
Dec-21 -28.58
Jan-22 -24.11
Feb-22 -23.13
Mar-22 -17.49
Apr-22 -28.93
May-22 -36.03
Jun-22 -43.82
Jul-22 -44.15
Aug-22 -45.33
Sep-22 -45.13
Oct-22 -42.13
Nov-22 -43.85
Dec-22 -43.81
Jan-23 -40.34
Feb-23 -27.45
Mar-23 -19.16
Apr-23 -24.24
May-23 -28.66
Jun-23 -29.59
Jul-23 -29.12
Aug-23 -27.71
Sep-23 -21.52
Oct-23 -19.70
Nov-23 -11.31
Dec-23 -9.94
Jan-24 -11.57
Feb-24 -22.97
Mar-24 -28.35
Apr-24 -23.08
May-24 -21.01
Jun-24 -19.48
Jul-24 -21.46
Aug-24 -19.83
Sep-24 -18.95
Oct-24 -21.22
Nov-24 -24.28
Dec-24 -23.27

Measures rolled out in the second half of 2024 contributed to stabilising real estate expectations, particularly in tier 1 cities; additional measures are expected to be rolled out to help stabilise the overall property market.

The 3-month moving average y-o-y decline in floor space started reached -23% in December; floor space sold was up 0.6% y-o-y.

Europe

X-values PMI (LHS) Output (RHS, %, y-o-y)
Jan-19 50.6 0.51
Feb-19 52.6 6.10
Mar-19 52.2 6.67
Apr-19 52.1 3.07
May-19 50.6 2.57
Jun-19 50.8 1.73
Jul-19 50.6 1.31
Aug-19 49.1 0.91
Sep-19 50.5 0.60
Oct-19 50.7 0.71
Nov-19 50.6 0.81
Dec-19 51.3 -1.09
Jan-20 51.9 4.60
Feb-20 52.5 0.10
Mar-20 33.5 -15.38
Apr-20 15.1 -30.29
May-20 39.5 -11.11
Jun-20 48.3 -4.59
Jul-20 48.9 -3.49
Aug-20 47.8 -0.30
Sep-20 47.5 -2.59
Oct-20 44.9 -2.00
Nov-20 45.6 -0.70
Dec-20 45.5 1.20
Jan-21 44.1 -4.79
Feb-21 45.0 -5.64
Mar-21 50.1 17.70
Apr-21 50.1 42.59
May-21 50.3 12.73
Jun-21 50.3 5.13
Jul-21 49.8 3.52
Aug-21 49.5 -0.10
Sep-21 50 3.58
Oct-21 51.2 4.19
Nov-21 53.3 2.62
Dec-21 52.9 -0.20
Jan-22 56.6 6.26
Feb-22 56.3 9.44
Mar-22 52.8 4.28
Apr-22 50.4 3.60
May-22 49.2 3.90
Jun-22 47 3.08
Jul-22 45.7 2.30
Aug-22 44.2 3.51
Sep-22 45.3 1.38
Oct-22 44.9 1.67
Nov-22 43.6 1.76
Dec-22 42.6 0.30
Jan-23 46.1 0.77
Feb-23 47.6 1.73
Mar-23 45.0 0.00
Apr-23 45.2 0.87
May-23 44.6 1.06
Jun-23 44.2 1.06
Jul-23 43.5 2.54
Aug-23 43.4 1.45
Sep-23 43.6 1.85
Oct-23 42.7 0.39
Nov-23 43.4 0.10
Dec-23 43.6 2.76
Jan-24 41.3 0.19
Feb-24 42.9 -1.51
Mar-24 42.4 -0.67
Apr-24 41.9 -0.86
May-24 42.9 -2.19
Jun-24 41.8 -1.24
Jul-24 41.4 -2.00
Aug-24 41.4 -1.43
Sep-24 42.1 -1.81
Oct-24 43 -0.38
Nov-24 42.7 0.87
Dec-24 42.9
Jan-25 45.4

Eurozone construction is expected to experience a slight recovery in 2025, but the sector still faces challenges such as labor shortages and high costs.

Eurozone construction up 1. 2% m-o-m (0.9% y-o-y) in November; Buildings up 0.3% m-o-m (0.4% y-o-y) in November; Civil engineering up 0.5% m-o-m (4.1% y-o-y) in November.

The IHS Markit Eurozone Construction PMI increased to 45.4 in January from 42.9 in December (< 50, contraction).

India

X Values Avg industrial production (y-o-y)
Jan-19 1.4
Feb-19 1.8
Mar-19 5.0
Apr-19 4.3
May-19 2.9
Jun-19 0.2
Jul-19 2.0
Aug-19 -0.7
Sep-19 -5.7
Oct-19 -5.4
Nov-19 0.3
Dec-19 0.9
Jan-20 1.4
Feb-20 5.1
Mar-20 -9.0
Apr-20 -44.4
May-20 -21.1
Jun-20 -12.1
Jul-20 -8.0
Aug-20 -7.5
Sep-20 -0.3
Oct-20 -1.8
Nov-20 -1.7
Dec-20 -0.3
Jan-21 0.7
Feb-21 -3.7
Mar-21 12.6
Apr-21 62.6
May-21 16.4
Jun-21 9.4
Jul-21 9.9
Aug-21 12.2
Sep-21 5.4
Oct-21 8.7
Nov-21 3.2
Dec-21 4.1
Jan-22 4.0
Feb-22 5.9
Mar-22 4.8
Apr-22 9.5
May-22 19.3
Jun-22 13.1
Jul-22 4.8
Aug-22 4.2
Sep-22 8.3
Oct-22 0.7
Nov-22 5.7
Dec-22 8.3
Jan-23 9.7
Feb-23 7.4
Mar-23 4.2
Apr-23 4.6
May-23 5.2
Jun-23 8.4
Jul-23 8.5
Aug-23 13.4
Sep-23 9.5
Oct-23 12.7
Nov-23 7.9
Dec-23 5.1
Jan-24 4.2
Feb-24 7.1
Mar-24 6.3
Apr-24 6.9
May-24 6.9
Jun-24 5.0
Jul-24 6.3
Aug-24 -1.5
Sep-24 2.4
Oct-24 3.7
Nov-24 4.4
Dec-24 4.0

India’s core sector industrial production remained in line with the average of 4% seen during October-November 2024, driven by increased production in coal, steel, and electricity.

Weighted average of eight core industries output up by 4% y-o-y in December; production of steel up 5.1%, cement up 4.0% y-o-y.


 

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