The value of the US construction market is forecasted by GlobalData 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 five largest construction projects initiated in the US during Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. I-45 North Houston Highway Improvement
The project involves the reconstruction of 39.1km of I-45 North between Houston’s Downtown and the North Sam Houston Tollway in Texas.
Construction work started in Q4 2024 and is expected to be completed in Q1 2032.
The project aims to improve the roadway up to federal safety standards and to enhance mobility. Buy the profile here.
2. New Carlisle Data Center Campus
The project involves the construction of a data center in St.Joseph County, Indiana.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2029.
3. Richland Parish Data Center
The project involves the construction of a 371,612m2 data center on 910ha of land in Richland Parish, Louisiana.
Construction work started in Q4 2024 and is forecast to complete in Q4 2030.
4. West Santa Ana Branch Transit Corridor
The project involves the construction of a 31km LRT line corridor in Santa Ana, California.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2035.
The project aims to provide improved mobility, support local and regional land use plans and policies, minimize environmental impacts, ensure cost-effectiveness and financial feasibility, and promote equity and the project is a part of the Los Angeles 2028 Olympics. Buy the profile here.
5. Harry Hines Boulevard Pediatric Health Campus
The project involves the construction of 436,644m2 two 12-story and one eight-story pediatric health campus with 552 beds in Dallas, Texas.
Construction work started in Q4 2024 and is expected to be completed in Q4 2030.
The project aims to replace the existing Dallas campus of Children’s Health with a new pediatric campus to provide a better hospital facilities in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
