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 Q4 2024, according to GlobalData’s construction projects database.
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1. San Tan Valley Residential Community
The project involves the redevelopment of Queen Creek Golf Course into multifamily housing in San Tan Valley, Arizona.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to provide residential facilities at a golf course in Queen Creek. Buy the profile here.
2. Lone Star Prairie Homes
The project involves the construction of 188 single-family homes near 175th Street and Four Corners Road in Gardner, Kansas.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
3. Latta Park Mixed-Use Community
The project involves the construction of a mixed-use complex on 12ha of land in Durham, North Carolina.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Rowan Walk Residential Community
The project involves the construction of a residential community comprising 144 single-family housing units in Smyrna, Georgia.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2025.
5. Stonebrook and Granite Hills Residential Community
The project involves the construction of 168 single-family homes at the northwest corner of Road 64 and Avenue 304 in Goshen, California.
Construction work started in Q4 2024 and is expected to be completed in Q3 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.
