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Rugged Robotics, a Houston-based developer of construction technology, raised $9.4 million in Series A funding. Similar to Dusty Robotics, Rugged offers a robot to automate construction layout. Rugged’s Mark I marks architectural and engineering designs directly onto concrete floors so workers know where to build. The robot is available for commercial use, which the company delivers via layout as a service (a derivative of Robots as a Service). — The Robot Report
The funding round was led by BOLD Capital Partners and Brick & Mortar Ventures, along with Riot Ventures, Morpheus, Embark, Consigli Construction Company, and Suffolk Technologies. This latest capitalization round brings the company’s full funding to around $12 million. Rugged Robotics... View full entry
The American Institute of Architects released new economic data this morning, indicating a significant increase in the demand for design services in March. The latest Architecture Billings Index (ABI) score rose to 58.0, up sharply from a score of 51.3 in February. The March scores for both... View full entry
The residential housing market continued its remarkable ascension in March, according to a market report published this week by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The report indicates some more positive news for the industry in the face of several... View full entry
The number of cranes in North America's major cities increased 4.74% from Q3 2021 to Q1 2022, recovering from the identical decrease from the previous Rider Levett Bucknall crane index report. — Construction Dive
Rider Levett Bucknall’s (RLB) index measured five cities with an increase in the number of cranes, six that yielded little change, and three that saw significant decreases, dropping by more than 20%. In total, North American cities added 22 cranes in the first quarter of 2022, in which more than... View full entry
The Dodge Momentum Index moved up another 4% in March to 166.9 from the revised February reading of 160.3. Last month, commercial planning rose 7%, while institutional planning fell by less than one percent. Commercial planning in March was just slightly lower than the all-time high set in... View full entry
Over one month since Russia launched a full-scale invasion of Ukraine, the impacts of the war on Europe’s construction sector are beginning to emerge. Since the military offensive began, a steady increase in European sanctions against Russia has curtailed material supplies across the continent... View full entry
According to a new Dodge Construction Network report, total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion. Nonresidential building starts carried the activity, jumping 32% due to the start of three large manufacturing facilities. However... View full entry
New York Governor Kathy Hochul has announced plans to set aside $200 million for the new Focused Attraction of Shovel-Ready Tracts New York (FAST NY) grant program, which aims to attract and expand key growth industries to New York State. The money has been made available through Hochul’s... View full entry
The once-thriving construction industry in Ukraine has ground to a near halt as the nation shifts into battling an invasion by Russia. Before the incursion, which began Feb. 24, construction sites across the country were booming in many different sectors, according to Morgan Williams, president of the 200-member U.S.-Ukraine Business Council in Washington, D.C. — Construction Dive
Russia’s invasion has stymied Ukraine’s construction industry, which was surging under the country’s “Big Construction” program. The initiative was spearheaded by Ukrainian President Volodymyr Zelenskyy and aimed to rebuild and renovate infrastructure across the country. Construction... View full entry
In February, the Dodge Momentum Index increased 4% to 158.2 from the revised January reading of 151.9, marking a rebound from three consecutive monthly declines that followed a 14-year high in October 2021. Last month, institutional planning rose 9% and commercial planning moved 1% higher. The... View full entry
Construction work in New York — city and statewide — remains the most deadly profession in the country. A total of 41 laborers died on the job in New York state in 2020, a decrease from 2019. However, fewer workers climbed scaffolding and pounded nails during the pandemic, so the rate of deaths still rose. — Construction Dive
According to an analysis of data from the New York Department of Buildings, the Bureau of Labor Statistics, and the Occupational Safety and Health Administration (OSHA) conducted by the labor group New York Committee for Occupational Safety and Health (NYCOSH), workplace deaths in... View full entry
2022 is speeding along, and with March quickly approaching, this means another Dodge Construction Network report has been released. In January, total construction starts increased 4% to a seasonally-adjusted annual rate of $923.4 billion. Nonresidential building starts increased 4% and nonbuilding... View full entry
The Dodge Momentum Index has continued to fall in January, yielding a 7% decline to a four-month low of 152.9 from the revised December reading of 163.7. Commercial planning fell 9% and institutional planning fell 1%. Previously on Archinect: Dodge Momentum Index declines in November, remains near... View full entry
The Clean Energy Finance Corporation (CEFC), an organization responsible for investing $10 billion in clean energy projects on behalf of the Australian government, is seeking to substantially cut construction-related emissions with a new $214 million program to encourage the use of mass timber in... View full entry
The nonresidential building sector is expected to rebound through 2023 after a slow recovery with the broader economy last year, according to a new report from the American Institute of Architects. The AIA’s Consensus Construction Forecast for December 2021, comprising leading economic... View full entry
