According to GlobalData, the value of the US construction market is forecast to grow by 2.0% in real terms in 2024, having decreased by 7.0% in 2023. A key growth market will be the infrastructure market, with output rising by 12.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five single-family housing construction projects that commenced in the US in Q3 2024, according to GlobalData’s construction projects database.
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1. Ryehill and Del Webb Sugar Land Residential Communities
The project involves the construction of a residential community at Ryehill comprising 2,500 units in Sugar Land near Hwy 59 and Grand Parkway, Texas.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
2. Terrassa Multifamily Community
The project involves the construction of a 324-unit multifamily community named Terrassa on 5.6ha of land at 500 Outlet Mall Blvd in St. Augustine, St. Johns County, Florida.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
3. Indigo Cove Townhomes
The project involves the construction of an 82 unit residential community on 10ha of land in Bluffton, South Carolina, US.
Construction work started in Q3 2024 and is forecast to complete in Q1 2025.
4. Biltmore Park Townhomes
The project involves the construction of 44 brick and limestone townhomes on 1.6ha of land in Greenville, Illinois.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2026.
5. New Shackle Island Road Residential Complex
The project involves the construction of 43 cottage-style homes on 1.8ha of land in Tennessee.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
The project aims to enhance residential facilities to meet the growing demand in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
