The latest Dodge Momentum Index (DMI) information for March has shown a continued decrease in economic activity, dropping 8.6% to a new score of 164.0 from February's revised total of 179.5. Over the month, commercial planning fell 3.2%, while institutional planning dropped 17.2%. The decline in... View full entry

Project abandonments have spiked recently across the country, according to a new analysis of construction project data contained in the ConstructConnect Project Stress Index for the week ending on March 31st. Construction Dive has more on the latest economic indicators impacting nearly every... View full entry

Spending on nonresidential construction declined 1.0% in February to a seasonally adjusted total of $1.179 trillion, according to an Associated Builders and Contractors (ABC) analysis of data published this week by the U.S. Census Bureau.  The figures showed a decrease in spending for 15 of... View full entry

The total value of construction starts for February fell by 8% to a seasonally adjusted annual rate of $1.07 trillion, according to the latest data from Dodge Construction Network.  For the month, nonresidential building starts dropped 16%, while nonbuilding starts were down 3%, and... View full entry

New data from the AIA/Deltek Architecture Billings Index (ABI) for the month of February has revealed a continued decline to a new score of 49.5. The figure, however, represents the "most modest easing" since July 2023 (any score below 50 indicates a decline), suggesting an improvement over the... View full entry

A new analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data from the Associated Builders and Contractors (ABC) has shown an increase in the cost of construction input prices of 1.4% for February. In the month, nonresidential construction input prices increased by 1.3%... View full entry

Earlier this week, engineering and construction giant Bechtel and the American Foundation for Suicide Prevention (AFSP) announced a multiyear partnership dedicated to preventing construction worker suicides.  The partnership aims to reach 500,000 U.S. construction workers over five years... View full entry

The latest Dodge Momentum Index (DMI) information for February has shown a slight decrease in economic activity, dropping 1.4% to a new score of 180.5 from January’s revised total of 183.0. Over the month, commercial planning fell 2.3% while institutional planning ticked up 0.1%. The drop in the... View full entry

The White House has announced a series of moves to increase the production of manufactured housing in the United States. The initiatives are intended to both preserve and rehabilitate existing manufactured home communities and ease barriers to the construction of new units. The moves include a... View full entry

Construction of what would be the world's longest suspension bridge, connecting Sicily and mainland Italy over the Strait of Messina, could begin this year after the final design recently gained approval. The long-delayed project would stretch more than 10,800 feet if completed. The controversial... View full entry

The value of construction input prices increased by 1% for the month of January when compared to December’s totals, according to an Associated Builders and Contractors (ABC) analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data. For the month, nonresidential... View full entry

The latest construction starts statistics revealed by Dodge Construction Network for January report that the total number of starts grew 1% to a seasonally adjusted annual rate of $1.16 trillion.  Nonbuilding starts rose 9% during the month, while nonresidential building starts fell by... View full entry

The latest data contained in the AIA/Deltek Architecture Billings Index (ABI) for the month of January has shown a slight increase from December's 45.4 total to a new score of 46.2, signaling a continued weakening in business conditions as we enter 2024 following a year of heavy economic... View full entry

The industry group Associated Builders and Contractors (ABC) has just published a new guide to AI resources for contractors working closely with architects on building projects across the U.S.  “The possibilities of AI technology may sound endless, but we must first educate ourselves on the... View full entry

Researchers based at the Drexel University College of Engineering have devised a new method for performing structural safety inspections using autonomous robots aided by machine learning technology. The article they published recently in the Elsevier journal Automation in Construction presented... View full entry