Construction + Economy

The Dodge Momentum Index moved 6% lower in April to 135.9 from the revised March reading of 144.5. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

The American Institute of Architects (AIA) recently released a new re-occupancy assessment tool that provides strategies for limiting exposure to COVID-19 in buildings.

Reflecting the deteriorating conditions in the overall economy, demand for design services from architecture firms recorded a record fall, according to a new report from The American Institute of Architects (AIA).

The momentum building in the housing market since the Great Recession has completely reversed itself over the course of just a few weeks due to the fallout from the COVID-19 pandemic, according to a new report from the American Institute of Architects (AIA).

ConstructConnect offers access to Bidding Projects, Delayed Projects Report, and Construction Activity Reports by state. While detailed information is by subscription, some information is available free.

A new report today from the American Institute of Architects (AIA) reveals the immediate impact of the COVID-19 pandemic on architecture firms in the U.S.

Thirty-nine percent of contractors report that project owners have halted or canceled current construction projects amid deteriorating economic conditions, according to a survey recently released by the Associated General Contractors of America. The project cancellations are particularly severe in light of new data showing that 42 states added construction jobs through February.

The outlook for construction spending in 2020-21 is positive but lower than 2019. The AIA’s semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, is projecting 1.5% growth in nonresidential construction spending in 2020 and 1% in 2021.

Demand for design services in November increased at a modest pace for the second month in a row, according to The American Institute of Architects (AIA).