Construction + Economy

Construction growth is not only predicted to rise this year to 6%, but is also expected to climb to 7% in 2016, reaching $1.09 billion, the highest total since 2008, unadjusted for inflation, according to the Q315 FMI Construction Outlook. The Q3 FMI Construction Outlook forecasts growth for 17 sectors, across residential, non-residential and non-building [...]

The Architecture Billings Index (ABI) slipped in August after showing mostly healthy business conditions so far this year. 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) reported the August ABI score was 49.1, [...]

The Architecture Billings Index (ABI) is reflecting healthy and sustained demand for design services in nearly all nonresidential project types. 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 Institute of Architects (AIA) reported the July ABI [...]

After improving by more than 20 points in July, NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America declined by 15 points in August to settle at 52.5. Meanwhile, the EBCI for future North American conditions held steady at 55, following a modest improvement in July. Thirty-five percent of panelists expect business [...]

Residential, industrial and power sector construction has boosted construction spending to its highest projected level in seven years, based on Commerce Department numbers issued in July. Commerce said construction spending rose 0.7% to a seasonally adjusted annual rate of $1.08 trillion, the highest level of spending since 2008. Total construction spending has increased 13.7% in [...]

A new 2015 market research report by Research and Markets provides an in-depth evaluation of the architectural services industry in the United States. Sample findings: * In 2011, industry sales were $27 billion. * Over the past 3 years, the industry has grown at an annual rate of 3.5%. * There are 19,731 companies in [...]

Despite the adverse weather conditions that curtailed design and construction activity in the first quarter of the year, the overall construction market has performed extremely well to date. The greatest amount of activity was seen in the building of commercial properties – most notably offices and hotels – with an unusually high spike in manufacturing [...]

The U.S. Census Bureau of the Department of Commerce recently announced that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8% (±1.5%) above the revised April estimate of $1,027.0 billion. The May figure is 8.2% (±2.0%) above the May 2014 estimate of $957.6 billion. During the first [...]

Paced by continued demand for projects such as new education and healthcare facilities, public safety and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year. 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. [...]