Turner and Townsend’s latest annual International Construction Market Survey names disruptions in the global supply chain, triggered in part by lockdowns in China due to COVID-19, and rising commodity costs following the invasion of Ukraine as key stress factors for construction markets... View full entry

In a new Dodge Construction Network report, total construction starts rose 4% in May to a seasonally-adjusted annual rate of $979.5 billion. Nonresidential building starts rose 20%, while residential and nonbuilding starts declined 4% and 2%, respectively.  In the first five months of... View full entry

A major increase in hourly wages has not stopped a record number of unfilled positions in the construction industry, according to a new analysis by the Association of General Contractors of America (AGC). While 36,000 employees were added to the construction industry last month, 494,000 open... View full entry

The Dodge Momentum Index rose 7% in May to 176.2, up from the revised April reading of 165.2. The institutional component of the Index rose 9% and commercial planning rose 6%. May’s increase pushed the level of planning above the most recent cyclical high set in November 2021. Last month... View full entry

Total construction starts rebounded in April according to a new Dodge Construction Network study, rising 3% to a seasonally adjusted annual rate of $945.8 billion. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts decreased by 4%. Compared to... View full entry

The Dodge Momentum Index continues to rise, with a 6% increase in April, taking it to 164.8, up from the revised March reading of 155. Commercial planning rose 9%, while institutional planning moved 2% higher. This gain in April has moved the Dodge Momentum Index just 5% short of the all-time high... View full entry

In a new Dodge Construction Network report, total construction starts fell 12% in March to a seasonally-adjusted annual rate of $903.8 billion following a strong February. The decline, in which nonresidential building starts fell 29%, is in part due to the start of three large manufacturing... 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

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

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

According to a new Dodge Construction Network report, the value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States has increased 18% from 2020 to 2021. Nationally, commercial and multifamily construction starts increased 16% in 2021. The... View full entry

AEC firms are positive about industry growth in 2022 and expect to continue employing a hybrid workforce, according to a survey by Openasset. The AEC Industry Outlook Survey of 500 architecture, engineering, and construction professionals found that 78% believe their firm will experience positive... View full entry