Construction + Economy

According to a new report from the American Institute of Architects (AIA), the nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year.

Last month Electrical Trends conducted the quarterly Pulse of Lighting Survey. Over 200 individuals from the electrical distribution channel – electrical distributors, manufacturer reps, lighting agents, and manufacturers – participated.

DevvESG Streaming, a carbon streaming investment company, and LED Green Light International (“LEDGLI”), a designer and manufacturer of advanced LED lighting products, today announced the launch of the first carbon streaming initiative to provide investments into large-scale LED lighting deployments, worldwide.

Commercial buildings in the United States are trending larger and more commonly feature LED lighting and occupancy sensors. While traditional light sources have declined in use, they remain prevalent in the nation’s estimated 5.9 million buildings, spelling a significant continuing upgrade opportunity, particularly in older buildings that have not been upgraded.

The Dodge Momentum Index fell 4% in November to 171.7 (2000=100) — down from the revised October reading of 178.1. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. In November, commercial planning fell 8% while institutional planning moved 5% higher.

Current electroindustry business conditions have improved, according to the National Electrical Manufacturers Association (NEMA), which recorded a score of 63.3 for its Electroindustry Business Conditions Index (EBCI) in November 2021.

Bloomberg columnist Brooke Sutherland speculated that the supply chain crisis has peaked in the US, as evidenced by declining shipping costs and a reduction in wait times at the Port of Los Angeles.

Architecture firms reported increasing demand for design services in October 2021, according to The American Institute of Architects (AIA).

The Dodge Momentum Index increased 10% in October to 181.2 (2000=100), from the revised September reading of 164.6.