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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.
AIA’s Architecture Billings Index (ABI) score for June remained at an elevated level of 57.1.
Condos hit record high as all multifamily properties benefit from recovery.
Supply chain challenges, rising materials prices undermine demand.
Contractors cope with supply hitches, weak demand.
ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased modestly in June.
In its latest quarterly report, Rider Levett Bucknall states that contractors’ most critical choice will be selecting which building sectors to target.
One of the hardest decisions multifamily developers and their design teams have to make is what mix of amenities they’re going to put into each project. A lot of squiggly factors go into that decision: the type of community, the geographic market, local recreation preferences, climate/weather conditions, physical parameters, and of course the budget. The permutations are mind-boggling.
Nonresidential firms struggle to find workers and materials to complete projects.
Firms struggle to cope with materials, labor challenges.
Soaring material costs, supply-chain disruptions impede recovery.
