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 institutional building construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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1. Laredo Joint Processing Center
The project involves the construction of a Joint Processing Center in Laredo, Texas, the US.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
2. The Hinds County Criminal Justice Facility
The project involves the construction of a Jail comprising 662 beds on 14ha of land in Hinds County, Mississippi, the US.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2028.
The aim of the project is to provide better additional services in the region.
3. Holloman Air Force Base Training Facility
The project involves the construction of a 6,969m2 training facilities in Otero County, New Mexico, the US.
Construction work started in Q4 2024 and is forecast to complete in Q1 2027.
4. Shawnee Seniors Community
The project involves the construction of a Shawnee Seniors Community in Calgary, Alberta, Canada.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. Round Rock Campus Applied Technology Expansion
The project involves the expansion of the Round Rock Campus in Round Rock, Texas, the US.
Construction work started in Q4 2024 and is expected to be completed in Q4 2025.
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.
