US hotel room construction hits 20-quarter low
Brad Rehnstrom2025-07-22T14:17:00+00:00
Rooms under construction decreased year over year in June for the sixth consecutive month amid economic uncertainty, according to CoStar.

Rooms under construction decreased year over year in June for the sixth consecutive month amid economic uncertainty, according to CoStar.

Clients are ramping up ambulatory surgery centers and freestanding emergency rooms, said Nick Kaminski, the firm’s vice president of healthcare construction.

Elevated borrowing costs and higher input prices have created shaky conditions, spurring more delayed or abandoned projects.

The Stockholm-based firm’s success in U.S. construction continues to anchor its success, according to a second quarter earnings report.

High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.