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. South Pine Townhouse Community
The project involves the construction of a 193, two-story townhouses on 13.7ha land in South Fulton County, Georgia, the US
Construction work commenced in Q3 2024 and is expected to finish in Q3 2025.
3. Oxenfree Commerce City Single-Family Residential Community
The project involves the construction of a 41,149.2m2 single-family residential community with 269 units at 9940 East 112th Avenue Commerce City, Colorado.
Construction work started in Q3 2024 and is forecast to complete in Q2 2026.
4. 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 be completed in Q4 2026.
5. 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 expected to be completed in Q1 2025.
For more details on the latest construction projects, buy the profiles here.
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