Construction + Economy

Though the last few years have been very good for the architecture business, the American Institute of Architects’ Architecture Billings Index, a leading economic indicator for the construction market, suggests an impending downturn. In an article published on the AIA website, Steve Cimino interviewed three architecture firm leaders–Tim Dufault, FAIA, president and CEO at Cuningham Group; Carole Wedge, FAIA, CEO at Shepley Bulfinch; and Ed Shriver, FAIA, founding principal of Strada–to gain insight into how they’ve faced previous downturns.

Demand for design services in August took a markedly downward swing compared to July’s already soft score, according to a report recently released by The American Institute of Architects (AIA).

Demand for design services in July remained essentially flat in comparison to the previous month, according to a new report recently released by The American Institute of Architects (AIA).

Spending on nonresidential building construction is expected to increase almost 4% this year and more than 2% in 2020, according to a new consensus forecast from The American Institute of Architects (AIA).

The National Electrical Contractors Association (NECA) has given its full endorsement to the 2018 edition of the Mechanical Contractors Association of America’s (MCAA) publication Change Orders, Productivity, Overtime—A Primer for the Construction Industry.

Driven by mega projects, the value of U.S. new construction will rise to $1.45 trillion by 2021, according to a new forecast by ConstructConnect.

Demand for design services in May 2019 remained essentially flat in comparison to the previous month, according to a recent report from The American Institute of Architects (AIA).

As the U.S.-China trade war continues to heat up, China’s latest move was to float an idea of banning exports of rare-earth elements to the U.S. This is being considered as one of several answers to the Trump Administration’s decision to increase tariffs on Chinese goods and blacklist Chinese telecom Huawei.

Architecture firm billings growth softened in February but remained positive, according to The American Institute of Architects (AIA).