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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
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
