CBI is up by 1.36 months, or 16.3%, on a year-over-year basis.
Compared to February 2017, prices are up 5.2%.
Construction costs escalated in February, driven by price increases for a wide range of building...read more
Hourly earnings rise 3.3% as sector strives to draw in new workers.
Independent studies suggest the construction industry could lose nearly 30,000 jobs as a result o...read more
To increase jobsite efficiency and improve labor productivity, increasingly more builders are tur...read more
Private nonresidential construction fell 1.5% for the month, while public sector nonresidential s...read more
The American Institute of Architects has released its first-ever Small Firm Compensation Report....
“Healthy conditions continue across all sectors and regions except the Northeast, where firm billings softened for the second consecutive month,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. Photo: Pixabay
The American Institute of Architects reported the January 2018 ABI score was 54.7, up from a scor...read more
Renters are on the rise in 21 of the 30 countries examined in RentCafé’s recent study.
“The tax cut will further bolster liquidity and confidence, which will ultimately translate into...read more
Mercedes-Benz Stadium, a 1.9 million square foot professional sports stadium in Atlanta, achieved LEED Platinum.
Massachusetts tops the list for the second year; New York, Hawaii and Illinois showcase leadershi...read more
The estimate of total losses in 2017 from major natural disasters like Hurricane Harvey are at $306 billion, which shattered the previous record of $215 billion. Photo: Wikimedia Commons.
Tax reform implications and rebuilding from natural disasters are among the reasons AIA’s Chief E...read more
The commercial office and retail sectors will lead the way in 2018, with a strong bounce back for...read more
The economy expanded at an annual rate of 2.6% during the fourth quarter of 2017.
Over the past 10 years, the number of renters has increased by 23 million.
Chicago tops the list as the most affordable U.S. metro, while Oakland, Calif., is the most expen...read more
Energy prices have been more volatile lately.
Commercial construction continues to be hamstrung by labor shortages that are expected to persist through at least the remainder of this year. Image: Pixabay
Labor shortages are spiking wages. Materials costs are rising, too.
Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 20...read more
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month. Photo: Pixabay
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a sc...read more
There are risks to the 2018 outlook as a number of potential cost increases could come into play....
The top world region by project count is North America.
The Total Pipeline stands at 12,427 Projects/2,084,940 Rooms.
CBI is a leading economic indicator that reflects the amount of construction work under contract,...read more
Despite rising construction labor and materials costs, 55% of contractors expect their profit mar...read more
Largest active projects are by Sutter Health, New York Presbyterian, and Scripps Health.
Photo: Juhasz Imre/Pexels
Multifamily housing and senior living developments head the list of the hottest sectors heading i...read more
Thirty-seven states benefited from the rise in construction activity in their state, while 13 sta...read more
Business conditions remain uneven across regions.