Ædificare

Update on the build-out of these "cities-within-cities" which, when observed as a network, constitute a sovereign nation.

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Ædificare

February 1, 2024
mike@standardsmichigan.com

United States: Schools of Architecture

“Architect at his drawing board” 1893 Teknisk Ukeblad Norway

As reported by the US Department of Commerce Census Bureau the value of construction put in place by April 2023 by the US education industry proceeded at a seasonally adjusted annual rate of $110.168 billionThis number does not include renovation for projects under 50,000 square feet and new construction in university-affiliated health care delivery enterprises.   The complete report is available at the link below:

MONTHLY CONSTRUCTION SPENDING, December 2023

This spend makes the US education facilities industry (which includes colleges, universities, technical/vocational and K-12 schools, most university-affiliated medical research and healthcare delivery enterprises, etc.) the largest non-residential building construction market in the United States after commercial property; and fairly close.  For perspective consider total public + private construction ranked according to the tabulation most recently released:

$124.486 billion| Education Facilities

$130.644 billion | Power

$65.640 billion | Healthcare

Keep in mind that inflation figures into the elevated dollar figures.  Overall — including construction, energy, custodial services, furnishings, security. etc., — the non-instructional spend plus the construction spend of the US education facilities is running at a rate of about $300 – $500 billion per year.

Construction cameras at US schools, colleges and universities

We typically pick through the new data set; looking for clues relevant to real asset spend decisions.  Finally, we encourage the education facilities industry to contribute to the accuracy of these monthly reports by responding the US Census Bureau’s data gathering contractors.

Reconstruction of Ancient Agora

More

National Center for Educational Statistics

AIA: Billings Index shows but remains strong May 2022

National Center for Education Statistics

Sightlines: Capital Investment College Facilities

OxBlue: Time-Lapse Construction Cameras for Education

Architectural Billing Index

IBISWorld Education Sector

US Census Bureau Form F-33 Survey of School System Finances

American School & University

 

Carnegie Classifications

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