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

A new Mutual Recognition Agreement (MRA) has recently been signed between the UK’s Architects Registration Board (ARB), the Architects Accreditation Council of Australia (AACA), and the New Zealand Registered Architects Board (NZRAB).  This follows the MRA reached between the ARB and the... View full entry

The American Institute of Architects has published its latest quarterly report on residential design. The AIA Home Design Trends Survey for Q1 2023 revealed evolving trends in kitchen and bathroom design, where homeowners have moved toward electric appliances and are making decisions based on... View full entry

Michael Graves Architecture has expanded once again with its newly-announced acquisition of Washington, D.C.’s PGN Architects (PGN). The addition marks their fourth such move in the past twelve months, following successive mergers with Mid-Atlantic firms Waldon Studio Architects, Jose... View full entry

The latest data from the Dodge Construction Network (DCN) indicates a 6% rise in total construction starts for February, reversing January’s declines to a new seasonally adjusted annual rate of $912.8 billion. During the month, residential and nonresidential building starts rose by 11% and 9%... 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

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

Russia is behind China and India the world’s third-largest producer of aluminum and ranks fifth overall in terms of imports of the metal into the United States.  Architects and builders have only recently come out from under 25% steel and aluminum tariffs imposed on certain countries by the... 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 latest billings data from the American Institute of Architects has found there to be a continued albeit slower decline in the demand for design services across January 2023. The reduction is the fourth month in a row where billings declined versus the previous month. According to the latest... 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

Today, a landmark Mutual Recognition Agreement (MRA) has been reached between the UK’s Architects Registration Board (ARB) and United States’ National Council of Architectural Registration Board (NCARB) that will streamline the registration process for architects in both countries beginning on... View full entry

A consortium of seven international hyperloop companies has formed a new entity called the Hyperloop Association, the group recently announced. The organization was begun in December and expects a royal decree to follow shortly announcing it as a legal entity. The Association says it will be based... 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