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Over one month since Russia launched a full-scale invasion of Ukraine, the impacts of the war on Europe’s construction sector are beginning to emerge. Since the military offensive began, a steady increase in European sanctions against Russia has curtailed material supplies across the continent... View full entry
According to a new Dodge Construction Network report, total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion. Nonresidential building starts carried the activity, jumping 32% due to the start of three large manufacturing facilities. However... View full entry
New York Governor Kathy Hochul has announced plans to set aside $200 million for the new Focused Attraction of Shovel-Ready Tracts New York (FAST NY) grant program, which aims to attract and expand key growth industries to New York State. The money has been made available through Hochul’s... View full entry
In February, the Dodge Momentum Index increased 4% to 158.2 from the revised January reading of 151.9, marking a rebound from three consecutive monthly declines that followed a 14-year high in October 2021. Last month, institutional planning rose 9% and commercial planning moved 1% higher. The... View full entry
Architectural internships are a double-edged sword. At their best, an internship provides a valuable introduction to the profession for those at the beginning of their career; helping to inform complex decisions on their future development. However, at their worst, internships can also be a... View full entry
The latest economic report released by the American Institute of Architects signaled a continuation of expanding billings and a "slight improvement in business conditions," according to the organization. The Architecture Billings Index (ABI) score for January held steady at 51.0 compared to... View full entry
2022 is speeding along, and with March quickly approaching, this means another Dodge Construction Network report has been released. In January, total construction starts increased 4% to a seasonally-adjusted annual rate of $923.4 billion. Nonresidential building starts increased 4% and nonbuilding... View full entry
The Dodge Momentum Index has continued to fall in January, yielding a 7% decline to a four-month low of 152.9 from the revised December reading of 163.7. Commercial planning fell 9% and institutional planning fell 1%. Previously on Archinect: Dodge Momentum Index declines in November, remains near... View full entry
November 2021 saw 4.5 million Americans resign from their jobs; a peak month of the so-called “Great Resignation” and the largest figure since 2000. As with the broader economy, architecture firms face an ongoing battle to attract and retain staff, a battle which existed before the pandemic... View full entry
The nonresidential building sector is expected to rebound through 2023 after a slow recovery with the broader economy last year, according to a new report from the American Institute of Architects. The AIA’s Consensus Construction Forecast for December 2021, comprising leading economic... View full entry
Ports from coast to coast are eyeing improvement projects to help alleviate supply chain issues that have plagued businesses since the start of the COVID-19 pandemic. The focus on port projects in the recently enacted Infrastructure Investment and Jobs Act is part of an overall push from the Biden administration to help alleviate the clogged supply chain in the U.S — Construction Dive
As reported by Construction Dive, an additional $241 million in grants through the United States Maritime Administration Port Infrastructure Development Program (PIDP) will join the $17 billion being directed towards seaports. The additional funds will go toward 25 projects in 19 states. And... View full entry
According to a new Dodge Construction Network report, the value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States has increased 18% from 2020 to 2021. Nationally, commercial and multifamily construction starts increased 16% in 2021. The... View full entry
AEC firms are positive about industry growth in 2022 and expect to continue employing a hybrid workforce, according to a survey by Openasset. The AEC Industry Outlook Survey of 500 architecture, engineering, and construction professionals found that 78% believe their firm will experience positive... View full entry
Wrapping up a tumultuous business year 2021, the American Institute of Architects reports that architecture firms ended the year on a "high note with strong business conditions." The Architecture Billings Index (ABI) score for December rose to 52.0, a one-point increase from 51.0 in November. The... View full entry
Although the prices of some raw materials fell in December, costs are still sky high for contractors looking to purchase them, according to a new analysis by the Associated General Contractors of America. Overall, the price of construction materials jumped nearly 20% in 2021, the group said Thursday. — Construction Dive
In addition, according to the Associated General Contractors of America’s (AGC) 2022 Construction Hiring and Business Outlook Survey, material costs were listed as a top concern for contractors this year. Though prices moderated for some construction materials in December, they still... View full entry
