The new ConstructionConnect Project Stress Index (PSI) composite reading for October has shown a mild improvement to 104.2, rising 0.8% for the month after a revised September reading of 103.4. Compared to the same month one year ago, the composite is down 11.6%. This is the fourth consecutive... View full entry

The new Dodge Momentum Index (DMI) for the month of October has shown a decrease of 5.3% to a new score of 197.2. This is down from September’s revised reading of 208.2. Over the month, commercial planning fell 6.7%, and institutional planning declined 2.0%.   The declines were... View full entry

Nationwide nonresidential construction spending increased by 0.1% in the month of September, according to an Associated Builders and Contractors (ABC) analysis of recent U.S. Census Bureau data. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion... View full entry

Preliminary construction work on the mind-boggling Mukaab tower scheme has been reported in Riyadh, Saudi Arabia. The cube-like structure, whose volume is equivalent to 64 million cubic meters (more than 2.2 billion cubic feet), is apparently large enough to contain 20 Empire State Buildings. It... View full entry

A surprising new claim about the amount of steel being used to construct NEOM’s new The Line megacity and other satellite developments is being advanced by several regional outlets, which claim the amount equals one-fifth (20%) of the world's current steel production. The claim was first... View full entry

Rider Levett Bucknall’s (RLB) latest crane count index report for North America has shown a slight decrease from its previous edition. The latest data, covering Q3 2024, reports a slight decrease of 5% from Q1 2024. Fourteen cities were surveyed for the study, with four experiencing a... View full entry

Multiple outlets in the Gulf region report on a new $186 million series of ready-mix concrete plants that will augment construction efforts for NEOM and The Line. According to Gulf News, the facility is capable of producing more than 700,000 cubic feet per day.  The $500 billion linear city... View full entry

The latest Dodge Momentum Index (DMI) figures for September have shown decreases equal to a 4% drop to a new sore of 208.6 after a revised August reading of 217.7. For the month, commercial planning contracted by 7.8% and institutional planning improved by 5.2%. The new DMI was 21% higher than in... View full entry

The latest Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data on nonresidential construction spending has shown a slight 0.1% increase for the month of August.  On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion. Private... View full entry

A new report from the National Association of Home Builders has shown the average length of time it takes to complete construction of a multifamily dwelling was 19.9 months in 2023.  The NAHB findings draw from the 2023 Survey of Construction (SOC) from the U.S. Census Bureau, which also... View full entry

The Dodge Momentum Index (DMI) for August reports a 2.9% increase to a new score of 220.4 following July’s revised total of 214.2. Over the month, commercial planning expanded by 1.9%, and institutional planning was up another 5.7%.   "Owners and developers continued to prime the... View full entry

Nonresidential construction spending for July fell slightly by 0.2%, according to the latest Associated Builders and Contractors analysis of U.S. Census Bureau data published today. On a seasonally adjusted annualized basis, nonresidential spending is now worth a total of $1.21 trillion... View full entry

ConstructConnect’s Project Stress Index reading for July has experienced a sharp decline of 14.2% and is now at 96.2, following June’s revised reading of 112.5. Compared to levels from a year ago, the Index has fallen 6.1%. Last month saw decreases across all stress components, with... View full entry

Zaha Hadid Architects has shared new construction photos of its Central Bank of Iraq Headquarters design in Baghdad. Sitting on a narrow site right by the Tigris River, the tower's exoskeleton rises from a podium and gradually widens upwards to reach a height of 560 feet. The late Zaha Hadid is... View full entry

Nationwide, construction input prices increased by 0.4% in July, according to a new analysis of the U.S. Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors (ABC). Nonresidential construction input prices also increased 0.4% for the month. Overall, construction... View full entry