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The latest billings data from the American Institute of Architects has found there to be a rebound in the demand for design services across May 2023. The index score in May was the highest it has been since September 2022, while inquiries into new projects and design contracts reached their... View full entry
New data from the Dodge Construction Network (DCN) has shown construction starts increasing to a seasonally adjusted annual rate of $1.11 trillion for the month of May following the 4% decline for April that ended a steady two-month series of gains. Nonresidential starts rose 8% over the previous... View full entry
New statistics from the American Institute of Architects' latest Architecture Billings Index (ABI) show a modest decrease for April, following the gains shown by the ABI in March for the first time since September. The billings score for April dropped to 48.5, down from the March total of... View full entry
According to new Dodge Construction Network data, total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion. This marks a slowdown after two consecutive months of increases. Nonresidential starts led the decline, falling 22%. This was balanced by a 7% rise... View full entry
The number of open jobs in construction dropped by 73,000 to 341,000 in March, the second lowest since mid-2021, according to an Associated Builders and Contractors’ analysis of new Bureau of Labor Statistics data. The openings represent jobs for which employers are actively recruiting. — Construction Dive
This figure reflects a 17% decrease in job openings from March 2022. The quantity of open jobs has been volatile so far this year as January saw a 50% dip followed by a sharp rebound in February. According to the Associated Builders and Contractors (ABC), 3.7% of construction workers were laid off... View full entry
March data from the Dodge Construction Network (DCN) has shown an increase in construction starts of 19% to what is now a three-month high despite concerns over the industry’s ties with Silicon Valley Bank following the financial institution’s controversial collapse at the beginning of the... View full entry
New data from the American Institute of Architects' latest Architecture Billings Index (ABI) shows an increase for the month of March, ending a five-month streak of declines in spite of a slight decrease in the overall number of new contracts during the same 30-day period. The billings score for... View full entry
U.S. contractors are struggling to meet the demand for nonresidential construction projects, according to new reporting by The Wall Street Journal. Despite a decline in residential construction triggered by rising interest rates, contractors have reported that spending on nonresidential projects... View full entry
After a “simply shocking” January where half of construction’s job openings vanished, the number of positions for which contractors are actively recruiting increased by 129,000 in February, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors. — Construction Dive
January witnessed a 50% drop of construction job openings from the month before, with 248,000 unfilled jobs available that month. This figure was 148,000 jobs below the same time last year. A sharp rebound in February saw 412,000 job openings, which led the likes of ABC Chief Economist Anirban... View full entry
The latest data from the American Institute of Architects (AIA) has shown a decline for the industry in February, bolstering a downward economic swing that has lasted through the new year as the prospect of a recession grows ever closer. The Architecture Billings Index (ABI) for the month was at... View full entry
The latest billings data from the American Institute of Architects has found there to be a continued albeit slower decline in the demand for design services across January 2023. The reduction is the fourth month in a row where billings declined versus the previous month. According to the latest... View full entry
Software company Autodesk is cutting its total global workforce by less than 2 percent, with about 250 workers affected.
A spokesperson for the San Francisco-based firm said the layoffs are part of Autodesk’s plans for its 2024 fiscal year, which began this week.
— CRN
The company maintains it is still hiring for a number of positions in different locations globally. The layoffs come as an increasing number of non-architect AEC professionals are using BIM software in their day-to-day workflows, despite criticism from firms of a lack of “serious... View full entry
New data from the American Institute of Architects has found there to be a continued decrease in the demand for design services across December 2022, continuing a trend that began two months previously. According to the latest Architecture Billings Index for December, the billings score was... View full entry
The American Institute of Architects has published a forecast for nonresidential construction spending for 2023 and 2024, in which it projects positive though modest growth. The AIA Consensus Construction Forecast was computed as an average of nine separate forecasts for nonresidential... View full entry
Data taken from the latest American Institute of Architects (AIA) report shows a continued decrease in the demand for design services industry-wide in November as economic concerns for the new year loom. The new Architecture Billings Index (ABI) score for the month was 46.6, down from... View full entry
