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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
The Biden administration issued another round of tariffs Friday on key industrial goods from Russia — including a 200% tariff on aluminum — as the country’s invasion of Ukraine crosses the one-year mark.
Aluminum tariffs were announced in addition to $2.7 billion in new duties on many metals and raw materials from the country. The tariff rates on most metals and metal products will double from 35% to 70% beginning April, and target “a crucial revenue generating sector of the Russian economy”
— Supply Chain Dive
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
Michael Graves Architecture is once again expanding in the Mid-Atlantic market with the newly-announced acquisition of the well-known North Carolina-based firm Walter Robbs Callahan & Pierce Architects. The move comes after successive acquisitions of Maryland's Waldon Studio Architects and... View full entry
The non-profit group 4 Day Week Global has published the findings of their trial into the impacts of a four-day workweek on businesses. The trial began in February 2022, when 33 companies enacted a “meaningful work time reduction” for six months without reducing pay. The companies, which... View full entry
New data from the American Institute of Architects has found there to be a continued decrease in the demand for design services across December 2022, continuing a trend that began two months previously. According to the latest Architecture Billings Index for December, the billings score was... 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
A pair of unprecedented changes to the UK’s Architects Act 1997 has been announced jointly by the British Department for Levelling Up, Housing and Communities and Architects Registration Board (ARB), ending the reciprocal acceptance of qualifications for EU-trained architects that has been... View full entry
The American Institute of Architects has published a forecast for nonresidential construction spending for 2023 and 2024, in which it projects positive though modest growth. The AIA Consensus Construction Forecast was computed as an average of nine separate forecasts for nonresidential... 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
