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MAD Architects has shared an update on its nearly-complete China Philharmonic Concert Hall in Beijing. The project encompasses almost 280,000 square feet of total building area and features an organic two-story volume sheathed in a translucent membrane-like facade the firm says is reminiscent of a... View full entry
Data from the latest Dodge Momentum Index (DMI) shows a slight decline of 2.0% to 180.5 for May, continuing a three-month downturn that follows April’s revised total of 184.1 and the 183.7 figure that was recorded in March. For the month, the DIM’s commercial component fell to 6.1%... View full entry
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