Trends

New York City Leading Commercial, Multifamily Building Sector

The Big Apple is a big builder. New York City led all U.S. metropolitan areas by dollar amount of construction starts for commercial and multifamily building in 2015, according to Dodge Data & Analytics. A total of $34.9 billion of … Continue reading

Posted in Today's News, Trends | Tagged , , , , | Leave a comment

Is Tepid GDP Growth a Sign For Future Construction Spending?

Real gross domestic product (GDP) grew at a notably low rate in the fourth quarter of 2015. GDP expanded by just 0.7 percent (seasonally adjusted annual rate) during the last three months of the year, according to analysis report of … Continue reading

Posted in Today's News, Trends | Tagged , , , | Leave a comment

2015 a Good Year for ABI

The Architecture Billings Index (ABI) finished 2015 in positive terrain, recording month-to-month increases in eight of the year’s 12 months. The American Institute of Architects (AIA) reported the December ABI score was 50.9, up from the mark of 49.3 in … Continue reading

Posted in Today's News, Trends | Tagged , , , | Leave a comment

Nonresidential Building Retreats in November

New construction starts fell 5 percent in November, according to Dodge Data & Analytics. Starts for the month recorded a seasonally adjusted annual rate of $563.3 billion. During the first 11 months of 2015, total construction starts on an unadjusted … Continue reading

Posted in Today's News, Trends | Tagged , | Leave a comment

South Produces Record Backlog

The third quarter was a big one for commercial and industrial construction backlog in the South. Project backlog in the region reached 10.3 months, the highest reading in the history of the Construction Backlog Indicator (CBI), according to third-quarter results … Continue reading

Posted in Today's News, Trends | Tagged , , , | Leave a comment

ABC Predicts Continued Growth for 2016

The U.S. commercial and industrial construction industries will continue to see steady growth next year, according to the Associated Builders and Contractors (ABC) forecast. ABC predicts a 7.6-percent increase in nonresidential construction spending in 2016, along with growth in employment … Continue reading

Posted in Today's News, Trends | Tagged , , , , | Leave a comment

October Construction Spending Notably High

Construction spending in October reached the highest level in nearly eight years, according to an analysis by the Associated General Contractors of America (AGC). However, with growth shown in all major categories, AGC officials caution that demand for construction appears … Continue reading

Posted in Today's News, Trends | Tagged , , , | Leave a comment

October Construction Starts Climb in October

New construction starts in October advanced 13 percent to a seasonally adjusted annual rate of $591.1 billion, according to Dodge Data & Analytics. The increase followed lackluster numbers in August and September and raised the Dodge Index to 125, compared to … Continue reading

Posted in Today's News, Trends | Tagged , , , | Leave a comment

Nonresidential Lifts Construction Starts in June

With the help of a rebound in the nonresidential construction sector, new construction starts in June advanced six percent to a seasonally adjusted annual rate of $549.7 billion—the highest level so far in 2014—according to McGraw Hill Construction. Nonresidential building … Continue reading

Posted in Today's News, Trends | Tagged , , | Leave a comment

Dodge Momentum Index On Rise for Third Straight Month

The Dodge Momentum Index continued its upward climb for the third straight month in June, gaining 3.3 percent to 128.7, according to McGraw Hill Construction. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential … Continue reading

Posted in Today's News, Trends | Tagged , , , , , , , , | Leave a comment