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The latest edition of the Dodge Momentum Index indicates a 4% decrease in November from October. Commercial planning fell 8% while institutional planning moved 5% higher. The value of nonresidential building projects continues to move in a sawtooth pattern, in which month-by-month measures... View full entry
Demand for architectural design services has grown for the ninth consecutive month, according to the latest economic report released by the American Institute of Architects. The Architecture Billings Index (ABI) for October remained at an elevated, positive score of 54.3, softening only slightly... View full entry
Higher prices and longer wait times do not appear to be turning buyers away from the nation’s homebuilders. With demand still surging, homebuilder confidence in the market for single-family homes rose more than expected in November, to the highest level since last May — CNBC
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder sentiment in the market for newly-built single-family homes moved three points higher to 83 in November. Readings above 50 indicate that more builders view conditions as good than... View full entry
According to an Associated Builders and Contractors (ABC) analysis of the recently-released U.S. Bureau of Labor Statistics’ Producer Price Index data, construction input prices increased 1.5% in October. Nonresidential construction input prices have increased by 1.4% in the month. ... View full entry
Non-residential building projects entering planning stage across the United States are showing strong signs of recovery, according to data from Dodge Construction Network. The latest iteration of the Dodge Momentum Index notes a 10% increase in non-residential building projects in planning through... View full entry
Total construction starts across the United States rose 10% during September 2021 versus the previous month, according to new data from Dodge Construction Network. The 10% figure is an amalgamation of residential building starts, nonresidential building starts, and nonbuilding starts, all of which... View full entry
The American Institute of Architects released its latest report this morning, marking the eighth consecutive month of increasing architecture billings as a sign of continued economic recovery for the industry. The Architecture Billings Index (ABI) score for September was 56.6, a one-point... View full entry
U.S. home prices surged 19.7% in July, once again posting the biggest jump in more than 30 years. The record gain in the S&P CoreLogic Case-Shiller index of property values nationwide followed a 18.7% jump in June and was the 14th straight month of accelerating price increases. — Bloomberg
A measure of prices in 20 cities posted a 19.9% gain in July, up from 19.1% the previous month. Phoenix, San Diego, and Seattle reported the highest year-over-year gains, with 32.4%, 27.8%, and 25.5% increases, respectively. “The last several months have been extraordinary not only in the... View full entry
Since lumber, steel, and other construction material costs began skyrocketing during the summer of 2021, Archinect has followed the ongoing fluctuation of construction costs. During our July construction coverage, the cost of lumber began to drop, which brought a slight glimmer of relief... View full entry
A new economic report released by the American Institute of Architects this morning indicates the seventh consecutive month of increasing architecture billings. The Architecture Billings Index (ABI) rose by one point from 54.6 in July to 55.6 in August. New project inquiries and design contracts... View full entry
The Biden administration has announced a range of measures intended to address the US housing crisis. The measures, which do not require congressional approval, and are separate from measures included in the pending infrastructure bill, aim to built and preserve 100,000 affordable homes over the... View full entry
The American Institute of Architects (AIA) has released the latest edition of their biannual Compensation Report, offering an insight into the impact of the COVID-19 pandemic on architectural salaries. The report found that despite a steep economic recession during the first half of 2020, salaries... View full entry
Construction input prices have risen by 23.1% within the last 12 months, according to an analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data, carried out by the Associated Builders and Contractors. For non-residential construction, this increase totaled 23.4% over... View full entry
Demand for architectural design activity has grown for the sixth consecutive month, according to a new report released by the American Institute of Architects this morning. The Architecture Billings Index (ABI) for July continued to indicate positive business conditions with a score of... View full entry
The AIA is applauding Congress as the latest iteration of the bipartisan infrastructure bill that passed the Senate this week includes for the first time key provisions that it says will help modernize the built environment at a critical junction for building safety and adaptability nationwide... View full entry
