Construction spending keeps rising, due in part to labor costs attendant to the ongoing shortage of skilled workers. Image: Pixabay
Labor availability is a big factor in that inflation, according to Rider Levett Bucknall report....
Contractors were slightly less upbeat regarding profit margins and staffing levels compared to Ap...read more
Project inquiry gains hit a 10-year low.
The Construction Backlog Indicator expanded to 8.9 months in May 2019.
Photo by Pixabay
Using RSMeans data from Gordian, here are the most recent costs per square foot for K-12 school b...read more
This is the first time in nearly three years that input prices have fallen on a year-over-year ba...read more
Among the 16 nonresidential construction spending categories tracked by the Census Bureau, five e...read more
With a total of 1,302 projects worth $524.6 billion, California has both the largest number and v...read more
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services...read more
New data from NCARB reveals that the number of architects continues to increase.
Among the 11 subcategories, six saw prices fall last month, with the largest decreases in natural...read more
Photo: courtesy Pexels
Among the 16 sectors tracked by the U.S. Census Bureau, nine experienced an increase in monthly s...read more
Market has experienced no change in office vacancy rates in three quarters.
Demand for work is outpacing the supply of workers.
More than 70% of contractors expect to increase staffing levels over the next six months.
AIA’s ABI score for April showed a small increase in design services at 50.5 in April.
Projects currently under construction stand at 1,709 projects/227,924 rooms.
Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis.
Rider Levett Bucknall's latest Quarterly Cost Report shows how construction costs vary by market. Image: RLB
Latest Rider Levett Bucknall report estimates rise at more than double the rate of 2018 Growth Do...read more
Growth was fueled by myriad factors, including personal consumption expenditures, private invento...read more
Photo by Engin Akyurt from Pexels
The Construction Confidence Index remained strong in February, according to the Associated Builde...read more
ABC's Construction Backlog Indicator expanded to 8.8 months in February 2019.
Top-performing segments forecast in 2019 include transportation, public safety, and education....
Private nonresidential spending fell 0.5% for the month and is only up 0.1% on a year-over-year b...read more
Expectations for sales during the coming six-month period remained especially upbeat in January....
AIA’s Architecture Billings Index (ABI) score for February was 50.3, down from 55.3 in January....
The Construction Backlog Indicator contracted to 8.1 months during January 2019.
At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the...read more
Of the 11 construction subcategories, seven experienced price declines for the month.
There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction...read more