In August, the Murfreesboro Land Construction sector experienced a notable 6 percent increase in Murfreesboro Land Construction starts, reaching a seasonally adjusted annual rate of 1.3 trillion dollars.

This growth was primarily attributed to the mass activity in the manufacturing and transportation building sectors, while other areas faced some challenges. This became the highlight of Murfreesboro Land Construction trends in August.

The Surge of Nonresidential Building Starts

The manufacturing and transportation industries played a big, big role in boosting nonresidential building starts by a remarkable 40 percent. Manufacturing projects, in particular, witnessed an impressive 285% increase, contributing a lot to the surge in nonresidential building starts. If manufacturing were excluded, this category would still have grown by a substantial 24%. Commercial construction starts also saw an 8% increase, driven by advances in parking garages and hotels. Institutional Murfreesboro Land Construction starts rose by 35%, with all sectors except dormitories experiencing some growth.

Notable Nonresidential Projects

Some non-residential projects also broke ground in August.

John Palmour Manufacturing Center for Silicon Carbide in Silver City, North Carolina, costing $2.5 billion.

VinFast electrical car manufacturing facility in New Hill, North Carolina, with a budget of $2 billion.

Midfield Satellite Concourse at Los Angeles International Airport, amounting to $1.4 billion.

Nonbuilding Construction Sees a Downturn

While nonresidential building starts thrived, the nonbuilding Murfreesboro Land Construction sector on the other hand faced a 14% decrease in August, reaching a seasonally adjusted annual pace of $380 billion. This decline followed a month of growth in July, primarily driven by Bechtel’s 12 billion dollar LNG project in Brownsville, Texas. However, year-to-date through August, nonbuilding starts remained up by 22%, and for the 12 months ending in August 2023, they were 20% higher than the previous year.

Prominent Nonbuilding Projects

Some of the major nonbuilding projects that commenced in August are;

TransWest Transmission Project spanning Wyoming, Colorado, Utah, and Nevada, valued at $3.5 billion.

Mid-Barataria Sediment Diversion projects in Port Sulphur, Louisiana, costing $2.9 billion.

The Maine section of the $1.5 billion New England Clean Energy Connect Power Line.

Residential Construction Challenges

In contrast to the growth of the nonresidential and nonbuilding construction, residential building starts actually saw a 1% decrease in August, with a seasonally adjusted annual rate of $418 billion. Despite a surge in apartment demand over the summer, single-family starts increased by 2%, while the multifamily starts declined by 5%. Total residential starts were down by 18% year-to-date through August 2023, and for the 12 months ending in August 2023, residential starts were down by 17% compared to the previous year.

Multifamily Projects

The most substantial multifamily projects that started Murfreesboro Land Construction in August were;

Hub on Campus building in Knoxville, Tennessee, with a budget of $530 million.

The tower at 250 Water Street in New York City, costing $425 million.

Ritz Carlton homes in North Palm Beach, Florida, totaling $340 million.

Challenges Ahead

Despite the overall growth with new Murfreesboro Land Construction projects, the industry faces several challenges. Rising interest rates, a shortage of available labor, and stricter lending rules may become a problem for Murfreesboro Land Construction projects in the final quarter of the year. The American Institute of Architects’ Architecture Billings Index also indicates a potential slowdown in activity, reflecting sluggish business conditions at architecture firms and limited monthly changes in the new project work and ongoing project activity.

Use the form below to get a QUICK free estimate!

You need to choose a service

Please type your full name.

Invalid Input

Invalid email address.

Invalid Input

Invalid Input

Invalid Input

Invalid Input

Follow Us On: Thank You!

Requests | Problems | Feedback

Murfreesboro Web Design by Dragon Digital

Site Links

Web and Website design in Murfreesboro TN - Murfreesboro Web Design
Marketing and Website design in Murfreesboro TN - Murfreesboro Web Design
Nashville Business Credit Repair, Business Financing & Business Funding

Other Links

Smyrna TN Commercial Janitorial Cleaning Services Smyrna Window Cleaning Office Cleaning Smyrna TN
Hutto TX Water Removal and Flood Cleanup Service
Round Rock TX Water Removal and Flood Cleanup Service
Georgetown TX Water Removal and Flood Cleanup Service
Round Rock TX Roofer Roofing Roof Repair Company
Georgetown TX Roofer Roofing Roof Repair Company
Best Nashville Mall Shopping Center Nashville Market
Nashville Commercial LED lighting wholesale supplier and installation Nashville TN LED wholesale supplier
Commercial Realestate Sale Buy Commercial Building
HVAC Furnace Repair Hilliard Ohio Furnace Installation Maintenance Hilliard OH furnace service Hilliard OH heating service Hilliard OH
Saint Clair Shores Appliance Repair, St Clair shores Appliance Repair, grosse Pointe woods Appliance Repair, Grosse pointe shores Appliance Repair, grosse point farms Appliance Repair
Buy Straight Hair Extensions Nashville TN Curly Hair Extensions Nashville Wavy Hair Extension Nashville TN
Murfreesboro Mortgage Murfreesboro Lender Murfreesboro TN FHA Loan Murfreesboro TN zero down home loan
veterans CDL truck driving school training companies cdl directory for veterans
Murfreesboro Realestate Auction Home Auction Buy Auction House in Murfreesboro TN
Austin TX Moonwalks, Austin TX bouncy houses, Austin water slides, dunk tank, obstacle courses in Austin, Austin TX inflatables, Austin brincolines, Austin combos
Win cash taking easy survey Murfreesboro
Nashville Appliance Repair Refrigerator Repair Washer and Dryer Repair Stove Appliance Repair in Nashville TN
Clarksville Appliance Repair Refrigerator Repair Washer and Dryer Repair Stove Appliance Repair in Clarksville TN
Nashville TN Residential General Contractor Home Builder
Murfreesboro TN Family Lawyer Attorney Murfreesboro divorce family lawyer Murfreesboro TN Small Claims Court Lawyer Criminal Lawyer
Best Austin Texas Massage Therapists licensed massage therapist Austin Myoskeletal massage Austin Myofacial massage Austin thai deep tissue massage Austin trigger point massages
Business Credit Repair Company Specialists Business Funding Programs Business Credit Tradelines
Murfreesboro Dent Repair Experts Car Hail Dents Fix Murfreesboro Mobile Body Shop
Pre-need preneed funeral insurance general agency opportunity
Murfreesboro Lawn Service, Landscaping and Murfreesboro Lawn Care Company
Nashville Hair Extensions
Canine Dog Biotelemetry Technology
Land Clearing Murfreesboro TN Bush Hog Murfreesboro TN Path and Trail Clearing Murfreesboro TN

Automatic Gate Operator Installation Nashville TN Access Control Systems and Gate Automation/Gate Repair

Tongue exfoliating and scraping, Buy Exfoliating Toothbrush and Tongue Scraper Combo
Buy Nashville Music City branded USA shirts, sweaters and jackets
Cheater wife girlfriend stories admissions list of gold diggers
Prison release program local jail programs jobs, work and general population for convicted felons
Extensive credit repair for business and personal including tradelines, cpns and cpn funding
Buy 48x40 Pallets in Central Texas
16 Bar Challenge Rap Battle - Recording Studio, Record Label and Managment Company
Nashville Official Scavenger Hunt | Music City Hunt
Nashville Corporate Events Carnival Games Parties Celebrations Professional Party Ideas
Nashville Carnival Games Rental Kids Birthdays Parties Celebrations Large Carnival Games Birthday
Nashville RV Park Downtown Music City
Nashville Gas LP Propane Fuel Refill Station
Columbus Ohio garage Door Repair Replacement
Nashville Franklin Murfreesboro Delivery Courier Service
Buy Kratom Nashville Tennessee
Buy High Quality Affordable CBD
Gallatin Tennessee Coupons and Sales
Nashville Filipino Restaurant Food Pinoy Here
Houston Filipino Restaurant Food Pinoy Here
Dallas Filipino Restaurant Food Pinoy Here
Miami Filipino Restaurant Food Pinoy Here
Filipino Restaurant Food Pinoy Here
Nashville Seafood Distribution Delivery Seafood Home Delivery Nashville South Coast Seafood
Nashville interior decorating best nashville cleaning services furniture refurbishment ReFurb Interior Decorating and More
Gulf Wellhead blow out preventer Oil Refinery Equipment Repair API products 6A 16A 16C 17D Gulf Oro Industries
Chefs Food Service Nashville
Vapor Barrier Distributor Wholesale polyethylene Vapor Free
Kentucky Microblading Bowling Green Eyebrows Kentucky Brow Co
CPN Tradeline Authorized User CPN Programs
Indianapolis Crawlspace Americrawl
Nashville Blues Band Willy and the Planks
Spartanburg Tree Service Wagners Tree Service Trimming
Owensboro Art Fine Art Buy Paintings Murals Rex Robinson Art Center
Mileti Trucking Truck Repair Cleveland Screamin Demon Monster Truck
Hutto Water Leak Repair Hutto TX Flood Damage Restoration Hutto Pipe Burst Water Removal Hutto Texas Water Remediation

Hutto Roofing Hutto TX Roof Repair Bestex Hutto Roofing Hutto Texas
Buy Shipping Container Rockford IL Container Depot Rockford
Buy Shipping Container Nashville Container Depot Nashville
Print Banners Buy Rite Banner Banners Sticker Bulk Stickers
Smartcare android social media networking phone repair nashville
iphone apple social media networking repair nashville
SmartCare Cell Phone Repair perks programs Nashville TN Screen Repair Nashville Tennessee
Red Engineering Nashville TN Robotics Robot Automation Engineering Nashville Blaze King Fire Retardent Machinery
Pool Services Repair Maintenance Rosenberg TX Texas - SwimView Pool Services
Basketball Baseball Soccer Tennis Volleyball Training Nashville La Vergne Smyrna Murfreesboro TN Tennessee - Full Court Training
Vacation Condo Gulf Coast AL FL Condos Gulf Coast
Combat Plumbing Pipe Repair Red Oak Dallas TX Texas
Telecommunications Services Houston Portland - Amalfi Telecom
Buy Arcade Amusement Coin Op Machine - Key Master Machine
Buy Repair Partitions Nashville - Southeast Partitions
In Cyber News - Cyber Security Threat Hacking News
GES Global - Green Energy Solutions - Power Saving
Bible Baptist Church - Russelville Arkansas
Southern Way Entertainment - Nashville Music TV Label Distributor
Hooligan Cycles - Murfreesboro TN Motorcycle Chopper Sales
Southern Woods Rider - Murfreesboro TN Dirt Bike Off Road Motorcycle Racing
Asberry Financial Services - CPN/SCN, Tradelines, Credit Repair, Funding, Shelf Corps Brokers
MX-Duro - Dirt Bike Racing Circuit Mid South
HVAC Green Chip - Energy Saving HVAC Device
I Do Photography - Nashville Murfreesboro Wedding Photography
Sharpening Beyond - Nashville La Vergne Shear Scissor Sharpening Service
Obscurateez T-Shirts - Obscure Odd Oddball T-Shirts Abstract
Preservation Station - Antiques and Vintage Vendor Sales Market Place Owensboro West Kentucky
Safe Watch America - Emergency Medical Alert Devices Safety Elderly Senior Care
Save for Kids - Coupon Saving System Charity for helping kids in need