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Engineering News-Record has released its 2023 rankings, listing the top commercial contractors in the United States. The companies were ranked by construction revenue in 2022. New York dominates the top 10 ranking with three firms, including the top spot, becoming the only state to hold more than... View full entry
According to new Dodge Construction Network data, total construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion. This marks a slowdown after two consecutive months of increases. Nonresidential starts led the decline, falling 22%. This was balanced by a 7% rise... View full entry
The number of open jobs in construction dropped by 73,000 to 341,000 in March, the second lowest since mid-2021, according to an Associated Builders and Contractors’ analysis of new Bureau of Labor Statistics data. The openings represent jobs for which employers are actively recruiting. — Construction Dive
This figure reflects a 17% decrease in job openings from March 2022. The quantity of open jobs has been volatile so far this year as January saw a 50% dip followed by a sharp rebound in February. According to the Associated Builders and Contractors (ABC), 3.7% of construction workers were laid off... View full entry
A team from Princeton University and the IE School of Architecture and Design are constructing a vaulted pavilion with the aid of artificial intelligence, holograms, and augmented reality at IE University’s campus in Segovia, Spain. The team, comprised of architects, engineers, craftspeople, and... View full entry
A new Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data has shown a year-to-year decline in the cost of construction input prices for the first time in 18 months. Overall construction input prices are now 0.9% lower compared to March of... View full entry
A new report from the New York City Department of Buildings (DOB) has shown an alarming increase in construction worker fatalities in the city for 2022. A total of 11 deaths were recorded for the year, up from 9 the previous year and the 8 that were recorded in 2020. A total of 9 fatal accidents... View full entry
U.S. contractors are struggling to meet the demand for nonresidential construction projects, according to new reporting by The Wall Street Journal. Despite a decline in residential construction triggered by rising interest rates, contractors have reported that spending on nonresidential projects... View full entry
The Dodge Momentum Index (DMI) continued its seesawing trend in March, falling 8.6% to 183.7 from the revised February reading of 201.0. Last month, the DMI’s commercial component fell 6.6%, and the institutional component fell 12.9%. The dip in commercial planning was attributed to fewer... View full entry
A new report predicts that the global market for artificial intelligence in construction will experience significant growth in the next decade. The analysis by Research Dive reports that the market will grow by 34.1% by 2031 fuelled by AI-driven solutions and services, both on-site and... View full entry
After a “simply shocking” January where half of construction’s job openings vanished, the number of positions for which contractors are actively recruiting increased by 129,000 in February, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors. — Construction Dive
January witnessed a 50% drop of construction job openings from the month before, with 248,000 unfilled jobs available that month. This figure was 148,000 jobs below the same time last year. A sharp rebound in February saw 412,000 job openings, which led the likes of ABC Chief Economist Anirban... View full entry
The Studio Gang-designed Gilder Center for Science, Education, and Innovation is approaching completion in New York. Set to open on May 4, 2023, the project is the latest addition to the city’s American Museum of Natural History and is described by the firm as “a fluid landscape that heightens... View full entry
Seattle welcomes a new basketball performance center that won't just be a "world-class facility" but a space to support, foster, and train female professional athletes. Four-time WNBA champions, the Seattle Storm, celebrated an important milestone as their 50,000-square-foot Seattle Storm Center... View full entry
New data from the U.S. Commerce Department indicates a rebound in the single-family housing starts for February in what could be a sliver of hope for the market still reeling from historically high-interest rates. According to Reuters, the data shows a positive (7.6%) increase in single-family... View full entry
But even in the haze of construction, a seemingly endless swirl of workers, cranes and girders, the enormous scope of the project is coming into focus as its futuristic new home rises in Exposition Park: a grand homage to one of the nation’s best-known filmmakers, and a massive repository for an eclectic collection of 100,000 paintings, photographs, book illustrations and comic book drawings. — The New York Times
Following a series of legal issues, criticism, construction delays, and the pandemic, the long-awaited MAD Architects-designed $1 billion Lucas Museum of Narrative Art finally seems to be on track to complete. Since breaking ground in 2018, the project’s opening has been pushed back... View full entry
Pininfarina has just shared an update on its new Light Towers luxury residential project in Mérida, Mexico. The development broke ground last Wednesday with local politicians in attendance to celebrate the beginning of construction on a project the firm and developers Branson say represents a... View full entry
