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The cost of direct damage to Ukraine's infrastructure in the month since Russia invaded the country has reached $63 billion, according to an analysis from the Kyiv School of Economics. — Construction Dive
The Kyiv School of Economics (KSE) also reports that between the start of the invasion on February 24th through March 24th, at least 4,431 residential buildings, 92 factories and warehouses, 378 schools, 138 healthcare institutions, 12 airports, and seven thermal power and hydroelectric power... View full entry
Over one month since Russia launched a full-scale invasion of Ukraine, the impacts of the war on Europe’s construction sector are beginning to emerge. Since the military offensive began, a steady increase in European sanctions against Russia has curtailed material supplies across the continent... View full entry
According to a new Dodge Construction Network report, total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion. Nonresidential building starts carried the activity, jumping 32% due to the start of three large manufacturing facilities. However... View full entry
The once-thriving construction industry in Ukraine has ground to a near halt as the nation shifts into battling an invasion by Russia. Before the incursion, which began Feb. 24, construction sites across the country were booming in many different sectors, according to Morgan Williams, president of the 200-member U.S.-Ukraine Business Council in Washington, D.C. — Construction Dive
Russia’s invasion has stymied Ukraine’s construction industry, which was surging under the country’s “Big Construction” program. The initiative was spearheaded by Ukrainian President Volodymyr Zelenskyy and aimed to rebuild and renovate infrastructure across the country. Construction... View full entry
In February, the Dodge Momentum Index increased 4% to 158.2 from the revised January reading of 151.9, marking a rebound from three consecutive monthly declines that followed a 14-year high in October 2021. Last month, institutional planning rose 9% and commercial planning moved 1% higher. The... View full entry
Architectural internships are a double-edged sword. At their best, an internship provides a valuable introduction to the profession for those at the beginning of their career; helping to inform complex decisions on their future development. However, at their worst, internships can also be a... View full entry
The latest economic report released by the American Institute of Architects signaled a continuation of expanding billings and a "slight improvement in business conditions," according to the organization. The Architecture Billings Index (ABI) score for January held steady at 51.0 compared to... View full entry
2022 is speeding along, and with March quickly approaching, this means another Dodge Construction Network report has been released. In January, total construction starts increased 4% to a seasonally-adjusted annual rate of $923.4 billion. Nonresidential building starts increased 4% and nonbuilding... View full entry
Lumber prices have seen dramatic rises and falls during the COVID-19 pandemic. In May 2021, prices saw a 90% increase on the previous 12 months, adding an extra $36,000 onto the cost of constructing a new home in the United States. The record-high in May was followed a 40% decline in prices in... View full entry
The Dodge Momentum Index has continued to fall in January, yielding a 7% decline to a four-month low of 152.9 from the revised December reading of 163.7. Commercial planning fell 9% and institutional planning fell 1%. Previously on Archinect: Dodge Momentum Index declines in November, remains near... View full entry
November 2021 saw 4.5 million Americans resign from their jobs; a peak month of the so-called “Great Resignation” and the largest figure since 2000. As with the broader economy, architecture firms face an ongoing battle to attract and retain staff, a battle which existed before the pandemic... View full entry
The nonresidential building sector is expected to rebound through 2023 after a slow recovery with the broader economy last year, according to a new report from the American Institute of Architects. The AIA’s Consensus Construction Forecast for December 2021, comprising leading economic... View full entry
CRE publication The Real Deal has released its annual list of the ten most commercially successful firms in New York City’s high-profile building market. Most of our readers will recognize these firms as regulars in Archinect Jobs. As the architects of record, these firms appeared in... View full entry
Ports from coast to coast are eyeing improvement projects to help alleviate supply chain issues that have plagued businesses since the start of the COVID-19 pandemic. The focus on port projects in the recently enacted Infrastructure Investment and Jobs Act is part of an overall push from the Biden administration to help alleviate the clogged supply chain in the U.S — Construction Dive
As reported by Construction Dive, an additional $241 million in grants through the United States Maritime Administration Port Infrastructure Development Program (PIDP) will join the $17 billion being directed towards seaports. The additional funds will go toward 25 projects in 19 states. And... View full entry
According to a new Dodge Construction Network report, the value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States has increased 18% from 2020 to 2021. Nationally, commercial and multifamily construction starts increased 16% in 2021. The... View full entry
