Soaring costs, supply-chain problems jeopardize future jobs.
AIA’s ABI score for February was 53.3 compared to 44.9 in January.
Rampant cancellations augur further declines ahead.
Concerns about finding skilled workers, material costs, and steel tariffs linger.
Canceled projects, supply-chain woes threaten future jobs.
The same firms are already struggling to cope with pandemic impacts.
Costs and delayed deliveries of materials, parts, and supplies are vexing many contractors....
Association officials urge congress and Biden administration to focus on new infrastructure fun...read more
Private nonresidential market shrinks 10% since January 2020 with declines in all 11 segments....
Downtown Los Angeles has $3 billion in new construction projects under development, including The Grand, a mixed-used 1.2-million-sf public-private partnership that Related Cos. is developing, according to a new report from the Downtown Center Business Improvement District. However, JLL's latest Construction Forecast predicts a slow recovery in construction spending nationwide. Image: Related Companies
Predicts second-half improvement toward normalization next year.
AIA’s Architecture Billings Index (ABI) score for January was 44.9 compared to 42.3 in December...
This week on The Weekly show, BD+C editors speak with AEC industry leaders from JLL and Landini...read more
Association officials call for removing tariffs on key materials to provide immediate relief fo...read more
Despite the monthly uptick, backlog is 0.9 months lower than in January 2020.
The Top 10 States for LEED green building is based on gross square feet of certified space per...read more
New measures threaten to undermine recovery.
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. have worst 2020 losses,...read more
Demand for nonresidential construction and public works will decline amid ongoing pandemic conc...read more
New York City has the greatest number of projects under construction with 108 projects/19,439 r...read more
Exceeds pre-COVID levels, reaching highest mark since 1st quarter 2018.
At the end of Q4 ‘20, projects currently under construction stand at 1,487 projects/199,700 roo...read more
In its latest outlook report for the multifamily rental market, Yardi Matrix outlined several r...read more
Texas and Vermont have worst February-December losses while Virginia and Alabama add the most....
The pace of decline during December accelerated from November.
Eight leading construction industry economists forecast a slowdown this year for the nonresidential building industry, with the hotel and amusement/recreation sectors taking the biggest hit, according to AIA's latest Consensus Construction Forecast. Photo: Juan Cruz Palacio via Pexels
Healthcare and public safety are the only nonresidential construction sectors that will see gro...read more
U.S. construction activity is expected to bounce back in 2021, after a slowdown in 2020 due to...read more
Construction costs rose marginally in the latest quarterly tracked by the consultancy Rider Levett Bucknall. Image credit: RLB
Rider Levett Bucknall’s latest cost report singles out unemployment and infrastructure spending...read more
ABC’s Construction Confidence Index readings for sales, profit margins, and staffing levels inc...read more
SourceBlue draws upon 20 years of supply chain management experience in...read more