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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
New rental apartment construction in the United States is expected to top a 50-year high in 2023. According to a report by RentCafe, nearly 461,000 units are expected to be delivered across the U.S. this year, meaning that over the past three years, 1.2 million units will have been built and... View full entry
Zaha Hadid Architects (ZHA) has announced their team’s reaching the midway point for their ongoing Western Sydney International Airport in the Australian metro’s new Parkland City region. The project will serve as a catalyst for economic development in Parkland City while supplementing... View full entry
National nonresidential construction spending saw a modest rise of 0.1% in July, according to a new analysis by the Associated Builders and Contractors (ABC) of U.S. Census Bureau data. When adjusted for seasonality on an annualized basis, nonresidential spending stood at $1.08 trillion, marking a... View full entry
The nationwide demand for labor is dulling, but construction still faces a shortage of workers. Construction counted 363,000 job openings at the end of July, according to the Bureau of Labor Statistics, a decrease of 23,000 jobs from June. — Construction Dive
As noted by the chief economist for Associated Builders and Contractors (ABC), Anirban Basu, job openings, across all industries, are at the lowest level since March 2021, and the rate at which workers are quitting their jobs has returned to the pre-pandemic norm. The demand for construction... View full entry
As the industry struggles to staff jobsites, contractors have ramped up the pursuit of the next generation of builders with vigor.
[...] experienced construction professionals approaching the end of their time in construction can pass down the vital building knowledge they have to Gen Z workers entering the industry from different academic backgrounds.
— Construction Dive
As reported by Construction Dive, a new industry report has revealed that construction employers have increased outreach for young talent by 46% over the past year. In addition, applications to architecture, drafting, and construction management roles rose by more than 40% on the platform... View full entry
Snøhetta’s Charlotte Mecklenburg Library (CML) project officially broke ground on August 15th in North Carolina with a demolition celebration of the existing Main Library building. Designed in collaboration with Clark Nexsen, the new library aims to become a major destination and... View full entry
Construction starts rose a total of 17% for July to a seasonally-adjusted rate of $1.2 trillion, according to the just-released report from Dodge Construction Network. The latest data also indicated a 7% year-to-date drop in total construction starts when compared to the July 2022 totals... View full entry
3XN has shared photos of their nearly complete Copenhagen Children’s Hospital project in the Danish capital. Spanning 58,000 square meters (about 624,300 square feet), the design will yield a total of 219 beds for children, teens, and pregnant women, 15 operating rooms, 57 ambulatory care suites... View full entry
The University of Stuttgart and the University of Freiburg have partnered on the construction of a domed timber pavilion on the University of Freiburg campus which seeks to showcase an “integrative approach to design and construction for sustainable architecture.” The livMatS Biomimetic... View full entry
