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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
The AIA/Deltek’s latest Architecture Billings Index (ABI) for the month of March has posted a decline to a score of 43.6. The new figures indicate a reversal of February’s “most modest easing.” The AIA says: "This shows that clients are interested in starting new projects but remain... 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 0.4% for March. In the month, nonresidential construction input prices increased by... View full entry
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
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
