The latest data from the Dodge Construction Network (DCN) indicates a 6% rise in total construction starts for February, reversing January’s declines to a new seasonally adjusted annual rate of $912.8 billion. During the month, residential and nonresidential building starts rose by 11% and 9%... View full entry

New data from the U.S. Commerce Department indicates a rebound in the single-family housing starts for February in what could be a sliver of hope for the market still reeling from historically high-interest rates. According to Reuters, the data shows a positive (7.6%) increase in single-family... View full entry

The Dodge Momentum Index (DMI) in February increased by 1.9% to 203.0 from the revised January reading of 199.3. Last month, the commercial component of the DMI rose 1.4%, and the institutional component increased by 2.9%. The rise in commercial planning was driven by a nearly 20% growth in office... View full entry

Total construction starts took a turn in January, falling 27% to a seasonally-adjusted annual rate of $865.6 billion, according to Dodge Construction Network. Last month, nonresidential building starts fell 38%, residential starts decreased by 20%, and nonbuilding starts declined by 16%. Compared... 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

The price of construction materials rose 1.3% in January 2023 alone, according to new data by Associated Builders and Contractors. In addition to being 1.3% higher than December 2022 figures, the prices are also 4.9% higher than this time last year, the smallest annual increase since January... View full entry

A new report by Dodge Construction Network has revealed that the Dodge Momentum Index (DMI) fell 8.4% in January to 201.5 from the revised December reading of 220.0. Last month, the commercial component of the DMI fell 10.0%, and the institutional component decreased by 4.7%.  The weakness in... 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

According to a new Dodge Construction Network report, total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion. This figure is a rebound from a dip in November, which saw an 18% decline. Throughout December, nonresidential building starts increased... View full entry

Mayors across a variety of American towns and cities have used the U.S. Conference of Mayors to voice concerns about their ability to address the dual crises of housing affordability and homelessness. As reported by Politico, specific struggles shared by mayors include attracting investors... 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

Highway and bridge constructions are expected to jump by 20% each to $94.4 and $26.6 billion, respectively. Starts on water management projects are also expected to jump by 14% to $68.8 billion, according to the DCN. The network’s Chief Economist, Richard Branch, pointed to federal... View full entry

In December, the Dodge Momentum Index (DMI) improved 6.6% to 222.2 from the revised November reading of 208.3. The DMI’s commercial component rose 8.4% and the institutional component increased 2.7% last month. Commercial planning in December was driven by increases across office, warehouse... View full entry

According to a recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC), national nonresidential construction spending rose 0.9% in November. On a seasonally adjusted annualized basis, spending in this sector totaled $930.1 billion for the month. Across the... View full entry

Archinect’s editorial is no stranger to covering project delays. In the second half of 2022 alone, we covered news of construction setbacks at the International African American Museum, the Lucas Museum of Narrative Art, and the Los Angeles County Museum of Art. However, such high-profile... View full entry