The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% 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 North America’s five largest single-family housing construction projects that were initiated 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, the US.
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, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2026.
3. Spring Valley Village Residential Community
The project involves the construction of 330 single-family homes in Brampton, Ontario, Canada.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
4. 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 commenced in Q3 2024 and is expected to be completed in Q1 2025.
5. Biltmore Park Townhomes
The project involves the construction of 44 brick and limestone townhomes on 1.6ha of land in Greenville, Illinois, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
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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.
