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The University of Toronto’s School of Engineering has announced a new research center that will, together with its industry partners, work to find a viable solution to the growing need for public infrastructure that is in tune with the push for sustainability and concerns over climate change... View full entry
In December, the Dodge Momentum Index (DMI) improved 6.6% to 222.2 from the revised November reading of 208.3. The DMI’s commercial component rose 8.4% and the institutional component increased 2.7% last month. Commercial planning in December was driven by increases across office, warehouse... View full entry
According to a recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC), national nonresidential construction spending rose 0.9% in November. On a seasonally adjusted annualized basis, spending in this sector totaled $930.1 billion for the month. Across the... View full entry
The latest data from November’s Dodge Construction Network report has revealed an 18% decline in total construction starts nationwide to an adjusted annual rate of $926.3 billion. The dip follows an October rebound that ended two consecutive months of declining figures. Total... View full entry
The Associated Builders and Contractors (ABC) has reported that its Construction Backlog Indicator (CBI) has increased to 9.2 months in November, the highest level since the second quarter of 2019. This reading is 0.4 months up from October and a 0.8-month increase from November... View full entry
According to a recently released analysis of U.S. Bureau of Labor Statistics Producer Price Index data by Associated Builders and Contractors (ABC), construction input prices have fallen 0.9% in November from October readings. Additionally, nonresidential construction input prices fell 0.8% in... View full entry
The Dodge Momentum Index (DMI) for November showed a steady increase of 3.8% to 207.2, marking the third consecutive month of growth following September and October’s revised totals of 182.2 and 199.6, respectively. The reported increases in planning activity were propelled by commercial... View full entry
High inflation, rising interest and plummeting stocks are taking a toll on Big Tech [...]
Despite the amount of blood on tech firms’ payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources.
— Construction Dive
The expected pullback from larger hyperscale data centers is nonetheless on pace to be absorbed by concurrent increases in the proliferation of smaller and more quickly deliverable colocation centers, according to recent market data. Related on Archinect: Dodge Momentum Index records... View full entry
According to a new Dodge Construction Network report, total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion. This is a rebound following two consecutive months of decline. Last month, nonresidential building starts gained 9% and nonbuilding starts... View full entry
The Dodge Construction Network has produced a forecast for the U.S. construction sector for 2023, in which it signals a slowdown across many typologies. Overall, the dollar value of construction starts will be $1.08 trillion, which, though unchanged from 2022, represents a 3% dip when adjusted for... View full entry
Construction staffing has nearly climbed out of the pandemic-induced hole. [...] construction reached 99% of pre COVID-19 numbers, according to an analysis of Bureau of Labor Statistics numbers.
Contractors added 60,000 new employees last month, Associated Builders and Contractors reported, boosting total employment in the industry to 7.6 million. That’s the highest staffing level since COVID-19 drove one million workers off site in April 2020.
— Construction Dive
“Evidence indicates that contractors have had a somewhat easier time filling available positions recently,” Associated Builders and Contractors Chief Economist Anirban said in a March statement. “There are also indications that supply chain issues have improved slightly, though the... View full entry
Design projects involving the renovation, rehabilitation, extension, or preservation of existing buildings account for 48% of billings at U.S. architecture firms according to an AIA survey. The findings, which form part of the 2022 AIA Firm Survey: The Business of Architecture, continues a trend... View full entry
The Dodge Momentum Index (DMI) continued to steadily rise in October, with a 9.6% boost to 199.7 from the revised September reading of 182.2. This increase was driven by a 13% and a 2.9% rise in the commercial building and institutional building components, respectively. As detailed by Dodge... View full entry
Construction spending in New York City will reach an all-time high of $86 billion this year, up $38 billion from 2021, according to a new report from the New York Building Congress.
The report finds that despite numerous obstacles from the pandemic and economic uncertainty, construction spending and infrastructure investment in New York City remain positive.
— Construction Dive
The influx of capital, unfortunately, has not impacted the city’s most critical area of need as it was recently reported to have fallen short of its planned goals to construct 25,000 units of affordable housing by 36%. The New York Building Congress says the shortfall will only get worse as a... View full entry
The latest data from the Dodge Construction Network (DCN) has revealed a 19% decline in the total number of construction starts for September, marking the second consecutive month in which declines were recorded following a 48% increase in July. The new seasonally adjusted annual rate is now $... View full entry