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
Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.
Photo by Anthony Ginsbrook on Unsplash
“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdo...read more
CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 mont...read more
The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as...read more
Construction industry momentum to carry through first half of 2019.
Illinois takes the top spot as USGBC defines the next generation of green building with LEED v4.1...
Total nonresidential spending stood at $751.5 billion on a seasonally adjusted annualized rate....
Project counts in the early planning stage continue to rise reaching an all-time high of 1,723 pr...read more
Spending for noneresidential buildings is expected to increase by 10% between 2018 and 2022, to $572.1 billion, or just under 40% of total construction put in place that year. Image: FMI
FMI’s annual outlook also expects the industry’s frantic M&A activity to be leavened by cauti...read more
AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November....
The education, public safety, and office sectors will lead the growth areas this year, but AIA's...read more
The South and Mid-Atlantic regions should be the strongest for commercial office space, according to a recent survey of brokerage pros. Image: Transwestern
Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment i...read more
More than half of New York's Gross Domestic Product is generated by is financial and business services sector that is the world's largest. Image: Pixabay
But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to...read more