Follow this tag to curate your own personalized Activity Stream and email alerts.
Local leaders near Phoenix are placing limits on where new homes can be built, with the goal of protecting long-term access to water. But there's a significant loophole. [...]
Policymakers may try again, and the governor has set up a task force on the issue. Ferris says the strength of Arizona's water law is that it links building decisions with water decisions. No other Western state requires cities to look a hundred years into the future.
— NPR
Permitting of new subdivision construction has been curtailed in the Phoenix area over water scarcity, though a loophole over multifamily construction has led to a recent boom there as developers are still free to open state taps when needed in search of a requisite 100-year groundwater... View full entry
The data just released in the Dodge Momentum Index (DMI) reporting for the month of October indicate a 1.0% increase to 181.7 over September’s revised total of 180.3. The increase was propelled by a 2.0% rise in the commercial component, while the institutional component dropped by 1.4%. Year... View full entry
Reuters is reporting that construction on the forthcoming 64-story Elbtower Tower project in Hamburg, Germany, from David Chipperfield Architects has been halted over a payment dispute between its client Signa and a local builder. The news came last week after more than two years of construction... View full entry
According to Rider Levett Bucknall’s (RLB) latest crane index report, the total number of cranes on commercial projects in North American cities has decreased by 10%, or by 51 cranes, from the first quarter to the third quarter of 2023. Out of the fourteen cities surveyed, six experienced... View full entry
Snøhetta has shared photos revealing the construction status of their Shanghai Grand Opera House design ahead of its expected opening in 2025. What’s most noticeable is the formation of the structure’s distinctive fan-shaped roof, which frames the Opera House’s spiraling form. This visual... View full entry
In 45 days, the construction team will be on site to begin site clearing and mobilization. Crews will begin below-grade work, including caissons, sheeting, and the cofferdam. Work below-grade is expected to begin in Q1 of 2024 and run through Q2 2025. Once underground work is done, crews will transition to vertical construction, including concrete pours, the building enclosure, and interiors. Above-grade work will start in Q1 2025 and continue through Q2 2027. — Urbanize Chicago
Developers Related Midwest had initially promised a start of the project by the end of last year. Construction now will begin with the 72-story Tower One and work towards an eventual 2027 completion, ending a saga that began with the cancellation of Santiago Calatrava’s ambitious... View full entry
Construction starts for the month of September declined a total of 6% to a seasonally adjusted annual rate of $1.2 trillion, according to the latest Dodge Construction Network report. The findings come on the heels of a converse 6% increase reported in last month’s index that was driven... View full entry
Construction input prices remain marginally higher than one year ago, according to an analysis of U.S. Bureau of Labor Statics Producer Price Index data conducted by the Associated Builders and Contractors (ABC). Overall construction input prices are 0.3% higher than a year ago, while... View full entry
September's Dodge Momentum Index (DMI) rose 3% to 182.5 from the revised August reading of 178.0. Over the month, the DMI’s commercial component fell 1%, while the institutional component rose 9%. The dip in the commercial segment was driven by weaker office planning. On the other hand, the... View full entry
The New York City Economic Development Corporation (NYCEDC) has announced the launch of the New York City Mass Timber Studio in an effort to join industry leaders who are elsewhere raising the bar for the use of sustainable materials in the built environment. The Studio is operated with support... View full entry
More than 140 years after a Spanish bishop laid the cornerstone of Barcelona’s Sagrada Familia basilica, the famously incomplete church is inching toward the finish line, with five of its six central towers now finally fully built as of last week. — The New York Times
The four completed towers symbolize the Evangelist authors of the Bible’s canonical Gospels. The tallest tower, which represents Christ, will follow in 2026. Some doubts remain as to whether or not the construction timeline can stick to its scheduled completion by the end of that year, which... View full entry
The Associated Builders and Contractors’ Chief Economist Anirban Basu has struck an optimistic note about the near-term health of the construction industry. The assessment comes as ABC releases its latest Construction Backlog Indicator, which found that backlogs declined to 9.2 months in... View full entry
The latest data from the Dodge Construction Network has indicated a 6% total rise in construction starts to a seasonally-adjusted rate of $1.3 trillion for the month of August, following a 17% rise that was recorded in July thanks to gains in the multifamily and nonbuilding sectors. Nonresidential... View full entry
Construction input prices ticked up 1.5% in August, the first increase in six months, due to a surge in energy costs, according to a new Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data released Thursday. — Construction Dive
These readings come as a shock as the flattening of costs suggested that inflation was cooling. According to a separate analysis from the Associated General Contractors of America, a major increase in diesel fuel costs in August drove the overall increase in materials prices. The producer price... View full entry
The August Dodge Momentum Index (DMI) reading dipped 6.5% to 178 from the revised July reading of 190.3. Over the month, the commercial component of the DMI fell 1.6%, and the institutional component saw a double-digit decline of 14.8%. The notable contraction in the institutional sector was... View full entry
