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Tag Archives: construction spending
Nonresidential Construction Spending Expected to Slow Throughout 2023
Nonresidential construction will moderate in 2023 and slow significantly in 2024, the American Institute of Architects (AIA) reports. AIA chief economist Kermit Baker says the U.S. economy will face mounting challenges in 2023 thanks to inflation, rising interest rates and … Continue reading
Construction Spending Slips in October
The continued labor shortage contributed to a decrease in U.S. construction spending in October, reports the Associated General Contractors of America (AGC). Federal spending data shows a decrease of 0.3% in construction spending with downturns throughout most nonresidential categories. The … Continue reading
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Tagged Construction, construction spending, labor shortages
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New York Construction Spending Has More than Doubled Since 2021
New York City is experiencing a “roaring recovery” in the aftermath of the COVID-19 pandemic, which could be good news for glazing industry companies working in the area. According to the 2022-2024 New York City Construction Outlook, published by the … Continue reading
Dodge Momentum Index Rises in April
The April Dodge Momentum Index (DMI) was recorded at 164.8, 6% higher than the revised March reading of 155.0. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in … Continue reading
Commercial Glass and Glazing Market Continues Strong Start to Year
The value of architectural glass-related nonresidential construction increased substantially in the second month of 2022. Glass industry-relevant construction spending increased by 5% in February year-over-year on a seasonally adjusted annualized basis, according to Key Media & Research (KMR), a leading … Continue reading
