Volume 48, Issue 3- March 2013

IndustryOutlook

ABI Sees Fifth Straight Month of Gains

Though down slightly compared to November’s score of 53.2, the December Architectural Billings Index (ABI) remained above 50 (indicating an increase in billings), with a score of 52, according to the American Institute of Architects. The new projects inquiry index was 59.4, also down slightly from the 59.6 mark of the previous month. The sector index breakdown included:
• Commercial industrial: 53.4;
• Mixed practice 53.0;
• Institutional 50.9; and
• Multi-family residential 50.5

Dodge Momentum Index Continues to Gain in January
The Dodge Momentum Index rose 2.7 percent in January, according to the latest report from McGraw-Hill Construction. The January increase marks its second monthly gain in a row, rising to 97.6 – the highest reading since mid-2010.

January’s increase for the Momentum Index relative to December was the result of stronger activity for both its commercial and institutional segments, according to the report. The 2.3-percent gain for the commercial segment reflects an uptick in plans for new offices and stores, according to the report, such as a new Chevron office complex in Texas and a mixed-use tower in San Francisco, which currently is in planning.

Construction Employment Increases in 33 States from November to December
A recent report from the Bureau of Labor Statistics shows that construction employment rose in 33 states from November 2012 to December 2012. The largest increase was seen in Wisconsin, where those employed in construction rose from 84.6 thousand to 89.5 thousand—an increase of 5.8 percent. Additionally, Florida saw an increase in construction-related employment from 12.8 thousand to 13.3 thousand—a 3.9-percent gain. Other states showing sizable increases included Indiana, Nevada, New York, and Alaska.

Still, the report saw a few notable drops, including Montana, where construction-related employment dropped 4.0 percent from 24.5 thousand to 23.5 thousand.

Top States Increasing in Construction Employment
Wisconsin + 5.8 percent
Florida +3.9 percent
New Jersey +3.6 percent
Indiana +3.5 percent
Nevada +3.3 percent
Illinois and New York +3.0 percent
New Mexico + 2.9 percent
Alaska, Missouri +2.8 percent and New Hampshire

Top States Decreasing in Construction Employment
Rhode Island-5.8 percent
Montana -4.0 percent
Minnesota - 3.6 percent
Louisiana -2.6 percent
Mississippi and Virginia -1.7 percent
Alabama -1.5 percent
Vermont -1.4 percent
Michigan -1.2 percent
Georgia -1.1 percent
Idaho -1:0 percent


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