A new analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data from the Associated Builders and Contractors (ABC) has shown an increase in the cost of construction input prices of 0.4% for March. In the month, nonresidential construction input prices increased by... View full entry

The latest Dodge Momentum Index (DMI) information for March has shown a continued decrease in economic activity, dropping 8.6% to a new score of 164.0 from February's revised total of 179.5. Over the month, commercial planning fell 3.2%, while institutional planning dropped 17.2%. The decline in... View full entry

Project abandonments have spiked recently across the country, according to a new analysis of construction project data contained in the ConstructConnect Project Stress Index for the week ending on March 31st. Construction Dive has more on the latest economic indicators impacting nearly every... View full entry

The total value of construction starts for February fell by 8% to a seasonally adjusted annual rate of $1.07 trillion, according to the latest data from Dodge Construction Network.  For the month, nonresidential building starts dropped 16%, while nonbuilding starts were down 3%, and... View full entry

New data from the AIA/Deltek Architecture Billings Index (ABI) for the month of February has revealed a continued decline to a new score of 49.5. The figure, however, represents the "most modest easing" since July 2023 (any score below 50 indicates a decline), suggesting an improvement over the... View full entry

A new analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data from the Associated Builders and Contractors (ABC) has shown an increase in the cost of construction input prices of 1.4% for February. In the month, nonresidential construction input prices increased by 1.3%... View full entry

The latest Dodge Momentum Index (DMI) information for February has shown a slight decrease in economic activity, dropping 1.4% to a new score of 180.5 from January’s revised total of 183.0. Over the month, commercial planning fell 2.3% while institutional planning ticked up 0.1%. The drop in the... View full entry

The value of construction input prices increased by 1% for the month of January when compared to December’s totals, according to an Associated Builders and Contractors (ABC) analysis of the latest U.S. Bureau of Labor Statistics Producer Price Index data. For the month, nonresidential... View full entry

The latest construction starts statistics revealed by Dodge Construction Network for January report that the total number of starts grew 1% to a seasonally adjusted annual rate of $1.16 trillion.  Nonbuilding starts rose 9% during the month, while nonresidential building starts fell by... View full entry

The latest data contained in the AIA/Deltek Architecture Billings Index (ABI) for the month of January has shown a slight increase from December's 45.4 total to a new score of 46.2, signaling a continued weakening in business conditions as we enter 2024 following a year of heavy economic... View full entry

A new study conducted by the group Grand View Research Inc. has indicated a likely rise in the global demand for architectural services to a market share of $523.2 billion by the end of the decade. The study cites the rates of urbanization in countries such as Brazil and India alongside a... View full entry

The AIA’s chief economist Kermit Baker has offered reflections on the economic context facing architecture firms throughout 2024. Baker, who previously shared reflections with Archinect on the industry’s recovery from the COVID-19 pandemic, says that “while 2024 may indeed end up looking a... View full entry

The new December Architecture Billings Index from the American Institute of Architects has shown a continued decline in business conditions to end the year 2023. The new index score of 45.4 was essentially left flat from November’s totals (any score below 50 indicates a decline) though there... View full entry

Spending on nonresidential buildings will see a minor 4% increase in 2024 despite a 20% increase in 2023, according to the AIA’s latest Consensus Construction Forecast. In 2025, meanwhile, the pace is expected to slow to just over 1% growth. Across key sectors, manufacturing construction will... View full entry

The latest data from Dodge Construction Network has shown an impressive 20% growth in new construction starts to a seasonally adjusted annual rate of $1.2 trillion for the month of December, offering encouraging statistics for the industry in a turnaround from November’s ten-month low. For the... View full entry