Soaring costs, supply-chain challenges, and workforce shortages undermine industry's recovery....
Weak demand, supply-chain woes make further declines likely.
Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories.
New York City has the greatest number of projects under construction with 110 projects/19,457 r...read more
Although hotel development may still be tepid in Q1, continued government support and the exten...read more
The decline occurs despite homebuilding boom and improving economy.
A Consigli Construction crew attaches a prefabricated facade component to a building. Consigli's latest Market Outlook finds more subs and suppliers turning to prefab. Image: Consigli Construction
Consigli’s latest market outlook identifies building products that are high risk for future pri...read more
AIA’s ABI score for March rose to 55.6 compared to 53.3 in February.
Nonresidential projects lag despite hot homebuilding market.
The Construction Backlog Indicator fell to 7.8 months in March.
BD+C’s first-ever owners’ survey finds them focused on improving buildings’ performance for hig...read more
A government index that measures the selling price for goods used construction jumped 3.5% from...read more
The Blue Book Network's Velocity Index measures month-to-month changes in bidding activity amon...read more
Houston-The Woodlands-Sugar Land and Odessa, Texas have worst 12-month employment losses.
On a monthly basis, spending was down in 13 of 16 nonresidential subcategories.
Shrinking demand, soaring costs, and supply delays threaten project completion dates and financ...read more
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.