Construction Pipeline Data
We’ve partnered with Dodge Data & Analytics and BuildCentral to provide construction pipeline data for the Senior Housing industry in the VisionLTC platform. This data set provides a detailed look at construction projects across the country, including key points such as type of construction, current status, hard costs, and more.
Access to this data requires a subscription to Pipeline Insight. To find out how to lock-in access to this construction pipeline data, please reach out to your VisionLTC Account Manager or email us at support@visionltc.com.
Construction Data Points
Name: The name of the project.
Address: The address of the project.
Type: The type of construction being undertaken (New Construction, Expansion, etc.).
Target open: Targeted open date for the construction.
Stage: The current stage of the construction (Planning, Bidding, Deferred, etc.).
Hard Costs ($M): This is the value of the construction contract awarded to the general contractor to build the project (or the expected construction costs if prior to contract award). It is not the market value of the finished building. The contract value only includes the “hard” construction costs; it does not include “soft” construction costs such as design fees, nor does it include the value of the land. It is in millions.
Units: The number of units/beds included in the Senior Housing project.
Owner: The project owner is the person or firm who hires the architect, engineer or designer, approves the design and employs the contractor. This firm may or may not be the legal owner of the property or the structure. The fact that critical decisions are made by the firm designates them as the owner for our purposes.
Owner Link: The Owner's web address.
Distance from Site: The distance between the construction project and the analysis subject site. This is in miles.
Construction Stage Definitions
Phase: The project phases are the various stages in the planning cycle that a project will move through as it progresses. These range from pre-planning, which is the earliest stage before an architect has been selected, through the completed stage, to projects that have been abandoned by the owners.
Pre-Planning: The pre-planning stage is the earliest stage in the planning cycle.Projects reported at this stage do not have an architect associated with them.These projects may be conceptual in which an owner has announced an intention to build but has not yet hired an architect to produce the plans.For example, an owner of a piece of land may be thinking about building an apartment building on that land in the next couple of years depending upon market conditions.Typical projects in the pre-planning stage include large, mixed-use developments that may take several years to come to market.Projects in the pre-planning stage generally have the lowest probability of reaching the start stage and are the furthest away from ground breaking.
Planning: Projects reported at the planning stage have an architect associated with them who is starting to draw the schematic plans for the building.Projects in this stage are closer to ground breaking but still have a fairly low probability of starting.
Final Planning: Projects will go out for bids or construction will start within 4 months. At this stage, plans for a project have been or are about to be finalized. The project is moving towards final approvals. Once a project has reached the final planning stage, there is a high probability that the construction contract will be awarded.
Bidding: Once the plans for the project have been finalized, the project is put out to bid by general contractors. At this stage in the planning cycle, projects are very close to being awarded and have a very high probability of coming to market.
Underway: Projects are scheduled to start within 60 days or construction is already under construction.
Completed: A project will advance from underway to complete when its target completion date has passed.
Deferred: When owners decide to delay a project, it is placed in deferral. Reasons for deferring the start of a project may include problems with financing, design approvals, or deterioration in market conditions. Projects may be deferred at any point in the planning cycle from pre-planning to start.
Abandoned: If an owner decides to abandon a project all together, rather than defer the project, it will be placed in the abandoned category.
Viewing Pipeline Data in VisionLTC
There are three ways to view Pipeline data in VisionLTC.
1. Explorer: Pipeline Insight construction data is available in Explorer by checking the “Pipelines” option in the Map Data window of Explorer.
Each blue traffic cone icon that appears on the map after activating the Pipelines Layer represents a Senior Housing construction project. If you would like to learn more about a project, you can click its icon on the map to bring up a window with all stored project datapoints.
2. Site Detail Report: Pipeline construction data is also available under the “Pipeline” tab in the Site Detail Report. This view will show you all Senior Housing construction projects that are a site’s market area from an analysis you have run. You can select between Dodge and BuildCentral data using the dropdown menu at the top of the Pipeline section.
3. Pipeline Report Task: The Pipeline Report Task will allow you to export all construction data for a site from your Operating Portfolio group or an address you enter. To access this task, click “Tasks” subheading on the left side of the screen under the “Utilities” menu, then select “Pipeline Report” from the list of tasks available tasks in the window that appears.
When prompted, provide a name for this export and select an analysis that you would like to export the Pipeline Data for. Click the “Run Task” button. When your export is done processing, click the Download button to download the file to your computer.
