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The Dodge Momentum Index (DMI) increased by 10.4% in June to a new score of 198.6, according to new data from Dodge Construction Network. The latest numbers are up considerably from the revised May reading of 179.9. Over the month, commercial planning increased 14.5%, and institutional planning... View full entry
Spending on nonresidential construction nationwide fell 0.1% in May, according to a newly released Associated Builders and Contractors analysis of U.S. Census Bureau data on the industry. On a seasonally adjusted annualized basis, nonresidential spending now totals $1.21 trillion. Spending... View full entry
The latest economic data revealed by the new AIA/Deltek Architecture Billings Index for May has indicated a sharp decline to a score of 42.4, representing a new low point for the index after a year and a half of weak performances. "The decline in the May ABI score continues a year and a half of... View full entry
The total number of construction starts increased by 10% in May, according to data in Dodge Construction Network’s latest Construction Starts Index. Nonbuilding starts increased by 49%, while residential starts fell 7% and nonresidential building starts went down 2%. On a year-to-date basis... View full entry
New analytic reporting on U.S. Bureau of Labor Statistics Producer Price Index data for May from the Associated Builders and Contractors (ABC) has documented an overall 0.9% decrease in construction input prices. For the month, nonresidential construction input prices fell by 0.8%. Overall... View full entry
In a new analysis of U.S. Census Bureau data by the Associated Builders and Contractors, national nonresidential construction spending decreased 0.3% in April to a seasonally adjusted total of $1.20 trillion. It follows March's slight increase of 0.2%. Spending fell on a monthly basis in 10 of the... View full entry
The total number of construction starts in America rose 6% to a seasonally adjusted rate of $1.13 trillion for April, according to the latest data in Dodge Construction Network’s monthly reporting. For the month, nonresidential building starts gained 17%. The number of nonbuilding starts was 4%... View full entry
The new AIA/Deltek Architecture Billings Index (ABI) for April has reported a new score of 48.3, indicating a continued decrease in economic activity while posting an improvement over March’s previously reported total of 43.6. For the month, inquiries into new projects continued to increase... View full entry
British multinational design and engineering company behind world-famous buildings such as the Sydney Opera House has confirmed that it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $25 million to fraudsters.
A spokesperson for London-based Arup told CNN on Friday that it notified Hong Kong police in January about the fraud incident, and confirmed that fake voices and images were used.
— CNN
“Our financial stability and business operations were not affected and none of our internal systems were compromised,” an Arup spokesperson told CNN. The employee in question was apparently misled into believing they were in a video conference with senior finance staffers that were in reality... View full entry
The latest analysis of U.S. Bureau of Labor Statistics Producer Price Index data for April from the Associated Builders and Contractors (ABC) shows a 0.5% increase in construction input prices. For the month, nonresidential construction input prices increased by 0.6%. Overall construction and... View full entry
Statistics revealed in the latest Deltek Clarity Architecture & Engineering Industry Study have indicated wide optimism about the use of AI technology, even as most firms struggle to determine where and how to apply emerging trends in the face of prevailing economic headwinds. According to... View full entry
Project abandonments remain on an upswing across the country, according to an analysis of construction project data in the latest ConstructConnect Project Stress Index for the week ending April 27th. Over the past month, Delayed Bid, On Hold, and Abandoned activity have increased by 4%, 7%... View full entry
The latest Dodge Momentum Index (DMI) has shown an increase of 6.1% for April to a new score of 173.9. For the month, commercial planning improved by 12.6%, while institutional planning dropped by 6.3%. Year-over-year, the DMI is now 1% lower than it was in April of 2023. Planning in the... View full entry
An analysis of U.S. Census Bureau data from the Associated Builders and Contractors (ABC) has shown nonresidential construction spending to have increased moderately by 0.2% in March. It follows February's decline of 1.0%. On a seasonally adjusted annualized basis, nonresidential spending now... View full entry
Construction starts for March have dropped by 1% to a seasonally adjusted annual rate of $1.06 trillion, according to the latest figures released in Dodge Construction Network's new Construction Starts Index. For the month, nonresidential building starts went down 9%, while nonbuilding... View full entry
