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The Dodge Momentum Index (DMI) in February increased by 1.9% to 203.0 from the revised January reading of 199.3. Last month, the commercial component of the DMI rose 1.4%, and the institutional component increased by 2.9%. The rise in commercial planning was driven by a nearly 20% growth in office... View full entry
Last week marked the topping out ceremony for BIG’s new $600 million Wildflower Studios venture in Astoria, Queens. Backed by actor Robert De Niro, the project transformed the famous site of the former five-acre Steinway Pianos warehouse into a seven-story and 760,000-square-foot comprehensive... View full entry
Total construction starts took a turn in January, falling 27% to a seasonally-adjusted annual rate of $865.6 billion, according to Dodge Construction Network. Last month, nonresidential building starts fell 38%, residential starts decreased by 20%, and nonbuilding starts declined by 16%. Compared... View full entry
The price of construction materials rose 1.3% in January 2023 alone, according to new data by Associated Builders and Contractors. In addition to being 1.3% higher than December 2022 figures, the prices are also 4.9% higher than this time last year, the smallest annual increase since January... View full entry
A new report by Dodge Construction Network has revealed that the Dodge Momentum Index (DMI) fell 8.4% in January to 201.5 from the revised December reading of 220.0. Last month, the commercial component of the DMI fell 10.0%, and the institutional component decreased by 4.7%. The weakness in... View full entry
According to a new Dodge Construction Network report, total construction starts jumped 27% in December to a seasonally adjusted annual rate of $1.185 trillion. This figure is a rebound from a dip in November, which saw an 18% decline. Throughout December, nonresidential building starts increased... View full entry
Boston Dynamics has released a new video showcasing the capabilities of their humanoid robot Atlas. The one-minute-long YouTube video is set within a mock-up construction site, with Atlas seen assisting a human construction worker on scaffolding. Playfully titled ‘Atlas Gets a Grip,’ the video... View full entry
The Infrastructure Investment and Jobs Act will boost activity in the civil construction space in 2023, according to Dodge Construction Network.
Dodge expects civil construction starts, such as public transit, roads, bridges, EV charging stations, water-related projects and power plants, to total $281 billion in 2023, a 16% jump from last year.
Dodge’s forecast assumes that 85% of infrastructure money will be spent by 2027.
— Construction Dive
Highway and bridge constructions are expected to jump by 20% each to $94.4 and $26.6 billion, respectively. Starts on water management projects are also expected to jump by 14% to $68.8 billion, according to the DCN. The network’s Chief Economist, Richard Branch, pointed to federal... View full entry
In December, the Dodge Momentum Index (DMI) improved 6.6% to 222.2 from the revised November reading of 208.3. The DMI’s commercial component rose 8.4% and the institutional component increased 2.7% last month. Commercial planning in December was driven by increases across office, warehouse... View full entry
According to a recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC), national nonresidential construction spending rose 0.9% in November. On a seasonally adjusted annualized basis, spending in this sector totaled $930.1 billion for the month. Across the... View full entry
The ongoing makeover of the Los Angeles County Museum of Art (LACMA) has reached an important step as Urbanize LA is reporting that construction falsework is now in place for the $750 million new David Geffen Galleries by Peter Zumthor. The rest of the falsework should be installed by... View full entry
Archinect’s editorial is no stranger to covering project delays. In the second half of 2022 alone, we covered news of construction setbacks at the International African American Museum, the Lucas Museum of Narrative Art, and the Los Angeles County Museum of Art. However, such high-profile... View full entry
2022 was another productive year in laboratories across the United States and beyond, as colleges, manufacturers, and startups strove to challenge the orthodoxy of construction materials. While teams of students and researchers at institutions from Virginia Tech to ETH Zurich sought to push the... View full entry
Construction workers died at a rate of 9.4 per 100,000 full-time equivalent workers in 2021, the BLS reported, down from 10.1 in 2020. That rate has hovered in that threshold for at least a decade. The new per capita figures are the lowest since 2011, but still don’t break the trend.
Worker death rate across all industries was 3.6 per 100,000, the highest since 2016.
— Construction Dive
Among the demographics, immigrant Hispanic & Latino workers were almost twice as likely to die than their U.S.-born counterparts, highlighting an underreported problem nationwide. Slips, trips, and falls were among the most commonly-recorded causes of death, followed by transportation... View full entry
The latest data from November’s Dodge Construction Network report has revealed an 18% decline in total construction starts nationwide to an adjusted annual rate of $926.3 billion. The dip follows an October rebound that ended two consecutive months of declining figures. Total... View full entry
