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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
The latest Associated Builders and Contractors (ABC) construction input price analysis for the month of December has registered a 0.6% decrease over November’s trend-reversing totals. Nonresidential construction input prices were down another 0.4%, with the commercial and multifamily sectors... View full entry
Spending on nonresidential construction dropped by 0.1% in November in a reversal of a 17-month growth period for the sector, according to an analysis of new U.S. Census Bureau data from the industry group Associated Builders and Contractors (ABC). The total amount of spending in the sector was... View full entry
The report that we just released is showing spending for the year up 20%. So, we’ve obviously seen a much stronger first half of the year than was anticipated. And that’s reflected in the current projection for 2023 as a whole.
Since we’ve seen such a strong first half, the consensus is not for more acceleration in the second half. The consensus seems to be that strength is behind us and we’ll begin to moderate as we move into the second half of the year.
— Construction Dive
Baker predicts institutional construction will remain strong for the rest of this year, bolstered mainly by healthcare. Other sectors he expects to see a rebound include hospitality, K-12, and warehouses, albeit at a dampened pace for the third. He also mentions the new AIA Consensus Construction... View full entry
Retrofitting the UK’s historical buildings, from Georgian townhouses to the mills and factories that kickstarted the Industrial Revolution, could generate £35bn of economic output a year, create jobs and play a crucial role in achieving climate targets, research has found.
The organisations behind the report are calling on the government to work with industry to [...] advice into a national retrofit strategy, as the UK only has half the skilled workers needed to retrofit all old buildings.
— The Guardian
The report from a consortium that includes the National Trust, Historic England, and property group Grosvenor also outlined Britain’s need for 105,000 additional skilled workers to help meet the country’s lagging 2050 net zero decarbonization goals. By that time, the retrofitting market is... View full entry
According to a recently published report from the American Institute of Architects (AIA), the Architecture Billings Index (ABI) is showing signs of a rebound after showing consistently mixed results over recent months. September's Architecture Billings Index: Better than August, but that's... View full entry
