Construction + Economy

Construction + Economy

LCA Publishes 2022 Construction Forecast With Summary of 2021 Economic Indicators

Craig DiLouie authored an LCA article summarizing major 2021 economic indicators and forecasting “Promising” nonresidential construction, looking forward.

Construction + Economy

The Architecture Billings Index Closed Out 2021 Strong, But Hiring Questions Linger

The American Institute of Architects (AIA) has released its final Architecture Billings Index (ABI) report of 2021, and while the composite index ultimately ended the year strong, questions of whether a labor shortage will continue through 2022 still linger.

Construction + Economy, Lighting Industry

AIA Projects Non-Resi Construction Spending To Increase In 2022 & 2023

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.

Construction + Economy, Lighting Industry

Q4 Pulse Of Lighting Report Shows Industry Growth, Despite The Pandemic

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.

Construction + Economy, Energy + Environment

World’s First Carbon Streaming Investment Vehicle For LED Lighting And Retrofits Launched

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.

Construction + Economy, Craig’s Lighting Articles

National Building Stock Study Reveals Ongoing Lighting Upgrade Opportunity

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.

Construction + Economy

Dodge Momentum Index Declines in November 2021

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.

Construction + Economy

NEMA: Electrobusiness Industry Current Business Conditions Bounce Back

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.

Construction + Economy

Bloomberg: Is the Supply Chain Crisis in the US Peaking?

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.

Construction + Economy

AIA Report: Demand for Design Services Moderates But Remains Strong

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

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