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New data from the American Institute of Architects' latest Architecture Billings Index (ABI) shows an increase for the month of March, ending a five-month streak of declines in spite of a slight decrease in the overall number of new contracts during the same 30-day period. The billings score for... View full entry
A new Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data has shown a year-to-year decline in the cost of construction input prices for the first time in 18 months. Overall construction input prices are now 0.9% lower compared to March of... View full entry
A new report from the New York City Department of Buildings (DOB) has shown an alarming increase in construction worker fatalities in the city for 2022. A total of 11 deaths were recorded for the year, up from 9 the previous year and the 8 that were recorded in 2020. A total of 9 fatal accidents... View full entry
U.S. contractors are struggling to meet the demand for nonresidential construction projects, according to new reporting by The Wall Street Journal. Despite a decline in residential construction triggered by rising interest rates, contractors have reported that spending on nonresidential projects... View full entry
The Dodge Momentum Index (DMI) continued its seesawing trend in March, falling 8.6% to 183.7 from the revised February reading of 201.0. Last month, the DMI’s commercial component fell 6.6%, and the institutional component fell 12.9%. The dip in commercial planning was attributed to fewer... View full entry
A new report predicts that the global market for artificial intelligence in construction will experience significant growth in the next decade. The analysis by Research Dive reports that the market will grow by 34.1% by 2031 fuelled by AI-driven solutions and services, both on-site and... View full entry
After a “simply shocking” January where half of construction’s job openings vanished, the number of positions for which contractors are actively recruiting increased by 129,000 in February, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors. — Construction Dive
January witnessed a 50% drop of construction job openings from the month before, with 248,000 unfilled jobs available that month. This figure was 148,000 jobs below the same time last year. A sharp rebound in February saw 412,000 job openings, which led the likes of ABC Chief Economist Anirban... View full entry
The latest data from the American Institute of Architects (AIA) has shown a decline for the industry in February, bolstering a downward economic swing that has lasted through the new year as the prospect of a recession grows ever closer. The Architecture Billings Index (ABI) for the month was at... View full entry
The latest data from the Dodge Construction Network (DCN) indicates a 6% rise in total construction starts for February, reversing January’s declines to a new seasonally adjusted annual rate of $912.8 billion. During the month, residential and nonresidential building starts rose by 11% and 9%... View full entry
During the construction of the university’s new engineering building, Cabeza-Lainez found that calculating the area of a roof with straight lines resting on a semicircle was impossible just by using pi. After 30 years of research, [he] published a paper about his discovery in ScienceDirect [...] Both articles present his proposal of a number psi (Ψ), with a value of 3.140923, close to pi but which can be applied to a versatile geometric form that he calls an antisphere. — El Pais
According to El Pais, mathematician and architect Dr. Cabeza-Lainez had to develop his own proprietary calculation software in order to prove the equation. He has also published a book on solar light transfer and says the application of psi in various forms can lower costs associated with... View full entry
New data from the U.S. Commerce Department indicates a rebound in the single-family housing starts for February in what could be a sliver of hope for the market still reeling from historically high-interest rates. According to Reuters, the data shows a positive (7.6%) increase in single-family... View full entry
The Dodge Momentum Index (DMI) in February increased by 1.9% to 203.0 from the revised January reading of 199.3. Last month, the commercial component of the DMI rose 1.4%, and the institutional component increased by 2.9%. The rise in commercial planning was driven by a nearly 20% growth in office... View full entry
In 2021, 12.1 per 100,000 construction workers in New York state died on the job, a 9% increase from 11.1 the year before, according to a new report from the New York Committee for Occupational Safety and Health.
The total number of workers who died in the state increased to 61 in 2021, up from 41 in 2020, reported NYCOSH, a membership organization that represents workers, unions and health and safety professionals.
— Construction Dive
The Committee also found that one-quarter of all workplace fatalities across New York state took place on construction sites, a repeat of the figure contained in the Deadly Skyline Report for 2020. Latino workers accounted for 25.5% of the deaths recorded, keeping pace with a larger grisly... View full entry
Total construction starts took a turn in January, falling 27% to a seasonally-adjusted annual rate of $865.6 billion, according to Dodge Construction Network. Last month, nonresidential building starts fell 38%, residential starts decreased by 20%, and nonbuilding starts declined by 16%. Compared... View full entry
The latest billings data from the American Institute of Architects has found there to be a continued albeit slower decline in the demand for design services across January 2023. The reduction is the fourth month in a row where billings declined versus the previous month. According to the latest... View full entry
