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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
[In] the last two years, looser regulations and the widespread adoption of remote working attracted even more people to settle in the Sunshine State. As a result, newcomers found themselves competing with those who were already hunting for apartments in the area, making Miami-Dade the hottest area for renting in the U.S. — RentCafe
Nationwide, an average of 14 people were said to be competing for each vacant apartment unit, which remained on the market for an average of 32 days. Miami-Dade County was joined by four other Florida rental markets in the top 20 despite adding a total of 34,000 new dwellings within the calendar... View full entry
The American Institute of Architects has released their latest quarterly report into residential design. The AIA Home Design Trends Survey (Q4) revealed a contraction in the demand for residential design inquiries and design contracts, despite billings for residential projects continuing to... 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
The latest data from November’s Dodge Construction Network report has revealed an 18% decline in total construction starts nationwide to an adjusted annual rate of $926.3 billion. The dip follows an October rebound that ended two consecutive months of declining figures. Total... View full entry
The Associated Builders and Contractors (ABC) has reported that its Construction Backlog Indicator (CBI) has increased to 9.2 months in November, the highest level since the second quarter of 2019. This reading is 0.4 months up from October and a 0.8-month increase from November... View full entry
According to a recently released analysis of U.S. Bureau of Labor Statistics Producer Price Index data by Associated Builders and Contractors (ABC), construction input prices have fallen 0.9% in November from October readings. Additionally, nonresidential construction input prices fell 0.8% in... View full entry
Construction filled more hard hats in October, as the total job openings dropped by 52,000 from a month earlier to 371,000, or 21,000 fewer vacancies than in October 2021, according to an analysis of Bureau of Labor Statistics data by Associated Builders and Contractors (ABC). — Construction Dive
The U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) program defines a job opening as any unfilled position for which an employer is actively recruiting. While October's reading is promising, given a looming recession and labor shortages, 4.6% of all construction... View full entry
The Dodge Momentum Index (DMI) for November showed a steady increase of 3.8% to 207.2, marking the third consecutive month of growth following September and October’s revised totals of 182.2 and 199.6, respectively. The reported increases in planning activity were propelled by commercial... View full entry
High inflation, rising interest and plummeting stocks are taking a toll on Big Tech [...]
Despite the amount of blood on tech firms’ payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources.
— Construction Dive
The expected pullback from larger hyperscale data centers is nonetheless on pace to be absorbed by concurrent increases in the proliferation of smaller and more quickly deliverable colocation centers, according to recent market data. Related on Archinect: Dodge Momentum Index records... View full entry
According to a new Dodge Construction Network report, total construction starts rose 8% in October to a seasonally adjusted annual rate of $1.12 trillion. This is a rebound following two consecutive months of decline. Last month, nonresidential building starts gained 9% and nonbuilding starts... View full entry
The Dodge Construction Network has produced a forecast for the U.S. construction sector for 2023, in which it signals a slowdown across many typologies. Overall, the dollar value of construction starts will be $1.08 trillion, which, though unchanged from 2022, represents a 3% dip when adjusted for... View full entry
The data contained in the latest Architecture Billings Index (ABI) from the American Institute of Architects (AIA) shows a "considerable" decrease in the demand for design services across the industry in a sign that points to the arrival of a long-dreaded turndown for firms heading into... View full entry
