Construction + Economy

The first of the construction forecasts are rolling in. ConstructConnect did a fairly good analysis of the economic factors driving construction spending and produced a forecast. They’re forecasting growth in put-in-place construction spending in every market in 2017 except industrial/manufacturing, for which they’re predicting a significant decline. Overall, they’re forecasting 5.5% in nonresidential construction spending [...]

Coming off a modest increase after two consecutive months of contraction, the Architecture Billings Index (ABI) recorded another small increase in demand for design services. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) [...]

After seeing consecutive months of contracting demand for the first time in four years, the Architecture Billings Index (ABI) saw a modest increase demand for design services. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of [...]

U.S. architecture firms have experienced a near complete recovery from the Great Recession, which has allowed firm leaders to reinvest profits back into their businesses. These findings, along with an in depth look at topics such as firm billings, staffing, and international work, are covered in the The Business of Architecture: 2016 Firm Survey Report. [...]

For the first time since the summer of 2012, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services.  As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) [...]

Nearly three quarters of U.S. architects say the health impacts of buildings are influencing their design decisions. That finding parallels a strong market demand by building owners, with a solid two-thirds surveyed also reporting that health considerations affect how they design and construct buildings. These findings and others were recently released in a new report, [...]

On the heels of six out of seven months of increasing levels of demand for design services, the Architecture Billings Index (ABI) fell just below the positive mark. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American [...]

The Architecture Billings Index (ABI) was positive in July for the sixth consecutive month, and tenth out of the last 12 months as demand across all project types continued to increase. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead time between architecture billings and construction spending. [...]

After a strong 2015, there is a growing sense that the construction industry expansion will be more tempered over the next 18 months. However, continued strong demand for hotels, office space, and amusement and recreation spaces will ensure continued growth in the overall construction spending market over this time period. The American Institute of Architects’ [...]