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

This year will be the first year in U.S. history that more than 500,000 new apartments are constructed, according to a new analysis of the 2024 rental market from RentCafe.  The trend, which is anticipated to abate slightly in 2025, may again resurface by 2028 with exceptions remaining in... View full entry

Another museum project in China from BIG, the 646,000-square-foot Suzhou Museum of Contemporary Art, topped out recently ahead of its scheduled 2025 opening. The project, a "tribute to the rich garden heritage of Suzhou," includes 12 separate small pavilions, which are united by walkways covered... View full entry

The hospitality industry group Lodging Econometrics has released its new prospectus of hotel projects in the construction and planning pipelines, indicating a new all-time high for the growing sector. At the end of Q2, 1,171 projects were reportedly under construction across the U.S. Another... View full entry

The Dodge Momentum Index (DMI) for July has improved for the second consecutive month, recording a 7.9% increase to a new score of 216.3. This follows June’s revised increase to 200.5. For the month, commercial planning grew by 6.8%, and institutional planning gained 11.1%. "While data centers... View full entry

Nonresidential construction spending dipped 0.2% nationwide in June, according to the latest Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.  On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion, with... View full entry

Construction has begun on the new Scotia Place events center in downtown Calgary from HOK and DIALOG.  The arena design reportedly considers its site’s Indigenous forebears from the Treaty 7 Peoples and the Metis Nation and establishes a new home for the Calgary Flames NHL franchise while... View full entry

The White House Council on Environmental Quality (CEQ) has shared its updated recommendations for modernizing the process of environmental reviews using new digital technologies. The 78-page report issued last week includes recommended steps and other guidances to complement projects pursued... View full entry

ConstructConnect’s latest Project Stress Index (PSI) reading, which measures the level of non-residential projects that have experienced a delayed bid date, being placed on hold, or being abandoned, for June 2024 is up 1.5% from May. The figure of 112.7 is up 9% from June 2023. As reported by... View full entry

The first eight 3D printed homes from construction tech company ICON’s new CODEX architectural catalog are coming to Wimberley, Texas, as part of an initial release intended for the Austin area market.The single-story homes, currently under construction, belong to the TexNext and AlphaBeta... View full entry