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ConstructConnect’s latest Project Stress Index (PSI) reading, which measures the level of non-residential projects that have experienced a delayed bid date, being placed on hold, or being abandoned, for June 2024 is up 1.5% from May. The figure of 112.7 is up 9% from June 2023. As reported by... View full entry
Spending on nonresidential construction is projected to increase over the remainder of the year before taking a step back in 2025, according to the AIA’s updated Consensus Construction Forecast for mid-2024. The report says construction of new commercial facilities effectively will remain flat... View full entry
Construction input prices fell by 0.3% in June, according to the latest Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics' Producer Price Index. For the month, Nonresidential construction input prices declined by 0.4%. Overall construction input prices are... View full entry
The crisis of housing in New York City isn't going anywhere soon: The latest data from a key city agency has revealed a pronounced stalemate in the number of new apartment buildings currently planned for construction in all five boroughs. A lack of tax incentives, including the expiration of rule... View full entry
When we asked architects in our recent Archinect Business Survey about their economic outlook, one of the five big factors behind the architecture industry’s current economic slowdown mentioned most frequently by participants was high construction costs. "Construction costs are exceeding... View full entry
The Dodge Momentum Index (DMI) increased by 10.4% in June to a new score of 198.6, according to new data from Dodge Construction Network. The latest numbers are up considerably from the revised May reading of 179.9. Over the month, commercial planning increased 14.5%, and institutional planning... View full entry
Spending on nonresidential construction nationwide fell 0.1% in May, according to a newly released Associated Builders and Contractors analysis of U.S. Census Bureau data on the industry. On a seasonally adjusted annualized basis, nonresidential spending now totals $1.21 trillion. Spending... View full entry
The latest economic data revealed by the new AIA/Deltek Architecture Billings Index for May has indicated a sharp decline to a score of 42.4, representing a new low point for the index after a year and a half of weak performances. "The decline in the May ABI score continues a year and a half of... View full entry
The total number of construction starts increased by 10% in May, according to data in Dodge Construction Network’s latest Construction Starts Index. Nonbuilding starts increased by 49%, while residential starts fell 7% and nonresidential building starts went down 2%. On a year-to-date basis... View full entry
New analytic reporting on U.S. Bureau of Labor Statistics Producer Price Index data for May from the Associated Builders and Contractors (ABC) has documented an overall 0.9% decrease in construction input prices. For the month, nonresidential construction input prices fell by 0.8%. Overall... View full entry
Less attention, though, has been paid to rental housing, particularly for low and moderate income people. Unlike market-rate apartment developers, those building multifamily projects financed by subsidies and tax credits do not have the ability to simply pass on those higher insurance costs to tenants, since they are limited by government guidelines as to how much rent they can collect. — The New York Times
The Times points out, many “low-income areas tend to be more prone to flooding and other catastrophic damage” – meaning that resilient design strategies often have to be added to the list of considerations for architects and their clients (as the ASLA’s most recent industry survey proves)... View full entry
In a new analysis of U.S. Census Bureau data by the Associated Builders and Contractors, national nonresidential construction spending decreased 0.3% in April to a seasonally adjusted total of $1.20 trillion. It follows March's slight increase of 0.2%. Spending fell on a monthly basis in 10 of the... View full entry
It's not too late to participate in our recently launched survey on the community’s perception of the current business conditions in architecture. The deadline to submit your anonymous responses is in 1 week. We will analyze your valuable insights and publish the findings on Archinect in the... View full entry
The total number of construction starts in America rose 6% to a seasonally adjusted rate of $1.13 trillion for April, according to the latest data in Dodge Construction Network’s monthly reporting. For the month, nonresidential building starts gained 17%. The number of nonbuilding starts was 4%... View full entry
In case you missed it, we recently launched a survey to check in on the community’s feelings about the current business conditions in architecture. If you haven’t had a chance to fill it out yet, we’d love to hear from you! Your insights are invaluable in helping us gauge the current state... View full entry
