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For the fifteenth consecutive month architecture firms reported increasing demand for design services in April, according to a new report today from The American Institute of Architects (AIA).
Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
Global office demand could drop by between 10% and 20% as companies continue to develop policies around hybrid work arrangements, a Barclays analyst recently stated on CNBC.
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Jobless rate falls to 5% as ongoing nonresidential recovery offsets rare dip in residential total.
Rider Levett Bucknall’s latest report cites labor shortages and supply chain snags among causes for cost increases.
Anchin’s poll of 20 AEC clients finds a “growing optimism,” but also multiple pressure points.
Construction spending in November totaled $1.63 trillion at a seasonally adjusted annual rate.
Construction employment increased in 237 or 66% of 358 metro areas over the last 12 months.
Firms struggle to find qualified workers to keep up with demand.
Construction officials say efforts to address supply chain challenges have been insufficient.
Changing conditions could be on the horizon.
Gains were in all segments, but the industry will need even more workers as demand accelerates.
Growth in most public and private nonresidential types is offsetting the decline in residential work.
