ConstructConnect’s Project Stress Index reading for July has experienced a sharp decline of 14.2% and is now at 96.2, following June’s revised reading of 112.5. Compared to levels from a year ago, the Index has fallen 6.1%. Last month saw decreases across all stress components, with... View full entry

Nationwide, construction input prices increased by 0.4% in July, according to a new analysis of the U.S. Bureau of Labor Statistics Producer Price Index by Associated Builders and Contractors (ABC). Nonresidential construction input prices also increased 0.4% for the month. Overall, construction... View full entry

The hospitality industry group Lodging Econometrics has released its new prospectus of hotel projects in the construction and planning pipelines, indicating a new all-time high for the growing sector. At the end of Q2, 1,171 projects were reportedly under construction across the U.S. Another... View full entry

The Dodge Momentum Index (DMI) for July has improved for the second consecutive month, recording a 7.9% increase to a new score of 216.3. This follows June’s revised increase to 200.5. For the month, commercial planning grew by 6.8%, and institutional planning gained 11.1%. "While data centers... View full entry

The value of completed cultural projects worldwide in 2023 totaled $8.58 billion, and announced projects equaled another $5.62 billion, according to the latest Cultural Infrastructure Index from the industry group AEA Consulting. The accounting includes 192 completed projects that... View full entry

Nonresidential construction spending dipped 0.2% nationwide in June, according to the latest Associated Builders and Contractors analysis of data published by the U.S. Census Bureau.  On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion, with... View full entry

The latest AIA/Deltek Architecture Billings Index (ABI) for June has indicated a continuation of soft business conditions for firms, with a new recorded score of 46.4 (any score below 50 indicates a decline).  The number is slightly higher than May's score of 42.4, which represented a new... View full entry

ConstructConnect’s latest Project Stress Index (PSI) reading, which measures the level of non-residential projects that have experienced a delayed bid date, being placed on hold, or being abandoned, for June 2024 is up 1.5% from May. The figure of 112.7 is up 9% from June 2023. As reported by... View full entry

Spending on nonresidential construction is projected to increase over the remainder of the year before taking a step back in 2025, according to the AIA’s updated Consensus Construction Forecast for mid-2024. The report says construction of new commercial facilities effectively will remain flat... View full entry

Construction input prices fell by 0.3% in June, according to the latest Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics' Producer Price Index. For the month, Nonresidential construction input prices declined by 0.4%. Overall construction input prices are... View full entry

When we asked architects in our recent Archinect Business Survey about their economic outlook, one of the five big factors behind the architecture industry’s current economic slowdown mentioned most frequently by participants was high construction costs.  "Construction costs are exceeding... View full entry

The Dodge Momentum Index (DMI) increased by 10.4% in June to a new score of 198.6, according to new data from Dodge Construction Network. The latest numbers are up considerably from the revised May reading of 179.9. Over the month, commercial planning increased 14.5%, and institutional planning... View full entry

Spending on nonresidential construction nationwide fell 0.1% in May, according to a newly released Associated Builders and Contractors analysis of U.S. Census Bureau data on the industry.  On a seasonally adjusted annualized basis, nonresidential spending now totals $1.21 trillion. Spending... View full entry

The latest economic data revealed by the new AIA/Deltek Architecture Billings Index for May has indicated a sharp decline to a score of 42.4, representing a new low point for the index after a year and a half of weak performances. "The decline in the May ABI score continues a year and a half of... View full entry

The total number of construction starts increased by 10% in May, according to data in Dodge Construction Network’s latest Construction Starts Index. Nonbuilding starts increased by 49%, while residential starts fell 7% and nonresidential building starts went down 2%. On a year-to-date basis... View full entry