ABI Shows Strong Rebound
Following the first reversal into negative
territory in ten months in April, the Architecture Billings Index (ABI)
bounced back in May, according to the latest report from the American
Institute of Architects (AIA). The May ABI score was 52.9, up dramatically
from a mark of 48.6 in April. This score reflects an increase in demand
for design services (any score above 50 indicates an increase in billings).
The new projects inquiry index was 59.1, up slightly from the reading
of 58.5 the previous month.
Dodge Momentum Index Up
for Sixth Straight Month in May
The Dodge Momentum Index rose 3.6 percent in May from the previous month,
according to McGraw Hill Construction. The Momentum Index has risen for
six consecutive months, the longest period of increases since 2006, according
to the latest report. The index now rests at 117.4 and is up 36 percent
since May of 2012.
PPI Reports Flat Glass Prices See Slight
Flat glass prices saw a slight decrease—just 0.9 percent—from March to
April, according to the latest Producer Price Index (PPI) Report from
the U.S. Labor Department. The index was listed at 115.8 for April, compared
with 116.8 for March. The price of construction materials remained stable.
The index was listed at 223.0 for March and 223.1 for April. Meanwhile,
the latest import report from the BLS showed a decrease of 0.3 percent
for import prices for glass and glassware from March to April. The export
price remained stable from March to April.
Building Construction Employment Remains
The number of building construction employees remained stable from April
to May 2013 with a slight 0.1 percent decrease, according to the latest
report from the Bureau of Labor Statistics (BLS). The BLS estimates that
approximately 1.269 million (seasonally adjusted) were employed in building
construction-related jobs in April 2013, compared with 1.268 million in
May 2013. This represents a 0.3 -percent increase over last May, at which
time approximately 1.234 million were employed in building construction-related
jobs. On the nonresidential side, construction-related employment was
down 0.4 percent from April to May—from 679,700 to 677,100. Year-to-year
numbers, however, were up on the nonresidential side, with a 2.3-percent
increase from 661,800 in May 2012 to 677,100 in May 2013.
© Copyright 2013 Key Communications Inc. All rights reserved.
No reproduction of any type without expressed written permission.