Construction market trends

US | Residential output and building permits weakening as rising interest rates slow the economy.

Europe | Higher raw material prices and supply-chain disruptions continue dampening the Eurozone’s construction output and demand.

China | Real estate remains under pressure but signs of improvement emerging after local governments eased buying curbs and authorities cut mortgage rates.

India | The core industries sector grew by the fastest rate in 13 months but also helped by a weak base of comparison y-o-y. Underlying activity picking up.

Special topic

Notes on navigating the evolving sustainability landscape

In the last decade or so, sustainability and environmental impacts have gained significant relevance in the structural design and construction fields. As a result, terms such as Life-Cycle Assessment (LCA) and Environmental Product Declaration (EPD) have become part of the common AEC vocabulary. When it comes to designing and building steel buildings, it is important to recognise the meaning of these terms— and other related terminology—and how they can help provide a better understanding of the environmental impacts of steel and how it compares to other structural options.

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Technical trends

Closing labour gaps to revitalise US infrastructure

The US construction sector seems set for a jobs boom. The US Bipartisan Infrastructure Law projects $550 billion of new infrastructure investment over the next decade, which could create 3.2 million new jobs across the nonresidential construction value chain. US construction projects are short-staffed today, and the problem is set to get worse. Here’s what the sector can do to close the gap.

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