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The newly-released Architecture Billings Index from the American Institute of Architects has indicated a significant decline in billings after posting a total score under 50 for the third month in a row. The October score of 44.3 offers a slight decrease from September’s total of 44.8. The West... View full entry
The data just released in the Dodge Momentum Index (DMI) reporting for the month of October indicate a 1.0% increase to 181.7 over September’s revised total of 180.3. The increase was propelled by a 2.0% rise in the commercial component, while the institutional component dropped by 1.4%. Year... View full entry
Google has scrapped a $15 billion development deal that would have benefitted California’s Silicon Valley with new modern office parks, affordable housing, and mixed-use districts, according to reports published by CNN and Reuters late Friday. The deals struck with Australian multinational... View full entry
The UK-based salary transparency advocates The Pay 100 have released their latest set of survey data on average salaries across UK firms. Expanding upon last year’s inaugural snapshot of results, the 2023 addition also includes data on unpaid overtime. As reported by the Architect’s... View full entry
Construction starts for the month of September declined a total of 6% to a seasonally adjusted annual rate of $1.2 trillion, according to the latest Dodge Construction Network report. The findings come on the heels of a converse 6% increase reported in last month’s index that was driven... View full entry
The latest Architecture Billings Index from the American Institute of Architects for the month of September is showing declines for a second consecutive month to a total score of 44.8 (any score above 50 indicates an increase) following a brief period of stabilization that occurred over the... View full entry
Construction input prices remain marginally higher than one year ago, according to an analysis of U.S. Bureau of Labor Statics Producer Price Index data conducted by the Associated Builders and Contractors (ABC). Overall construction input prices are 0.3% higher than a year ago, while... View full entry
The National Council of Architectural Registration Boards (NCARB) has outlined a commitment to creating a diversified framework that offers multiple avenues for attaining architectural licensure. The statement acknowledges not only the conventional route of obtaining an accredited education but... View full entry
September's Dodge Momentum Index (DMI) rose 3% to 182.5 from the revised August reading of 178.0. Over the month, the DMI’s commercial component fell 1%, while the institutional component rose 9%. The dip in the commercial segment was driven by weaker office planning. On the other hand, the... View full entry
Perkins&Will has opened a new studio in Philadelphia as part of a mission to “extend its integrated design services to clients in Philadelphia and the surrounding region, including western and central Pennsylvania, Delaware, Maryland, and New Jersey.” The Philadelphia office, located at... 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
The American Institute of Architects' latest Architecture Billings Index for August has recorded a slight decrease to a score of 48.1 (any score above 50 indicates an increase), marking the eleventh month of consecutively flat figures for firms following a period of growth between 2021 and... View full entry
New York State’s pay transparency law has come into effect, requiring employers to disclose proposed pay rates. As of Sunday, September 17th, employers with at least four workers must disclose the minimum and maximum annual salary or hourly range of compensation in any advertisement for job... View full entry
James Corner Field Operations will be continuing under a newly-announced partnership renamed Field Operations after 24 years in reflection of what it says are the diversity, character, and experience of its new leadership team and staff members. The newly branded firm announced its transition from... View full entry