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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
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
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
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
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 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
Just three large office towers — of more than 500,000 square feet — are being built across New York City, with two expected to open in 2024 or 2025 and nothing else projected to go up for years. Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm. — The New York Times
Due to an obvious confluence of interest rates, office vacancy records, and construction costs, the Times says Manhattan is “entering its most significant office construction drought since after the savings and loan crisis in the late 1980s and early ’90s.” Recent superlatives like BIG’s... View full entry
A new Associated Builders and Contractors (ABC) analysis of statistics provided by the U.S. Bureau of Labor Statistics Producer Price Index data has shown a slight decline in construction input prices of 1.2% for the month of October. Per ABC’s analysis, Construction input prices are 1.1%... View full entry
Construction input prices remain marginally higher than one year ago, according to an analysis of U.S. Bureau of Labor Statics Producer Price Index data conducted by the Associated Builders and Contractors (ABC). Overall construction input prices are 0.3% higher than a year ago, while... View full entry
Construction input prices ticked up 1.5% in August, the first increase in six months, due to a surge in energy costs, according to a new Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data released Thursday. — Construction Dive
These readings come as a shock as the flattening of costs suggested that inflation was cooling. According to a separate analysis from the Associated General Contractors of America, a major increase in diesel fuel costs in August drove the overall increase in materials prices. The producer price... View full entry
The body in charge of K-12 planning and construction in New York City was recently profiled by the AIA New York as it prepares for a surge in student enrollment that’s expected over the next decade. The New York School Construction Authority (or SCA) is a specialty city agency that employs... View full entry
A new analysis by the Associated Builders and Contractors (ABC) has found that overall construction input prices are 3.7% lower than a year ago. Derived from new data from the U.S. Bureau of Labor Statistics Producer Price Index, the ABC analysis also found that construction input prices fell 0.6%... View full entry
A new Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data has shown a year-to-year decline in the cost of construction input prices for the first time in 18 months. Overall construction input prices are now 0.9% lower compared to March of... View full entry
The drama over the project provides a window into just how hard it is for the city to scale up its housing and shelter system, even as a recent report from the Department of Homelessness and Supportive Housing (HSH) estimated it would take more than 6,000 extra temporary and permanent beds to solve the crisis on the streets. It also puts into sharp relief how easily neighborhood opposition can derail a project, even when the funding and space is available — and the need is clear. — San Francisco Chronicle
The Mission district parking lot is scheduled to become an affordable housing development with construction beginning in 2025 and the tiny homes program was expected to fill the gap. “It's always the same hand wringing,” housing advocate Sam Moss told the Chronicle. “It’s... View full entry
According to CBRE's new 2022 U.S. Construction Cost Trends report, nationwide industry price levels have posted the largest increase in years, driven by labor shortages, inflation, supply chain disruptions, the ongoing impact of the pandemic, and the war in Ukraine. CBRE forecasts a... View full entry
