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 institutional building construction projects that commenced in the US in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Laredo Joint Processing Center
The project involves the construction of a Joint Processing Center in Laredo, Texas.
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.
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.
Construction work started in Q4 2024 and is forecast to complete in Q1 2027.
4. Round Rock Campus Applied Technology Expansion
The project involves the expansion of the Round Rock Campus in Round Rock, Texas.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2025.
5. West Greenwich New Public Safety Complex
The project involves the construction of a 3,252m2 public safety complex in West Greenwich, Rhode Island.
Construction work started in Q4 2024 and is expected to be completed in Q2 2026.
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.
