Tag Archives: Kermit Baker

Stage Set for Employment Cost Increase in Construction Industry

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As the U.S. construction industry continues its recovery, the much-discussed labor shortage will continue to change its scope. With that change will also come an increase in pay for workers, according to Associated General Contractors of America (AGC) chief economist … Continue reading

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ABI Remains Strong with Only Slight Dip in August

On the heels of recording its strongest pace of growth since 2007, there continues to be an increasing level of demand for design services signaled in the latest Architecture Billings Index (ABI). As an economic indicator of construction activity, the … Continue reading

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Mid-Year Housing Report: Regional Differences Still Exist and Employment Plays Key Role

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How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is also prohibiting home purchases, while ‚Äúpart of the slow recovery has to do with slow … Continue reading

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Construction Spending Projections Scaled Back for Rest of Year

Construction spending projections for the rest of the year have been lowered slightly, according to the American Institute of Architects (AIA) Consensus Construction Forecast Panel. The panel cites the weather-related slow start in the nonresidential building market and continued weakness … Continue reading

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Strong Conditions Revealed in Architecture Billings Index

The Architecture Billings Index (ABI) showed more acceleration in the growth of design activity nationally. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The … Continue reading

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