Construction + Economy

The American Institute of Architects (AIA) recently released a comprehensive report which concludes that the major obstacle holding back job creation in the United States is the persistent lack of construction financing, despite record low interest rates. “This report should lay to rest any doubt about what is a key source for holding back job [...]

After a sharp dip in September, the Architecture Billings Index (ABI) climbed nearly three points in October. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the October ABI score was 49.4, following [...]

President Obama has signed a bill repealing the 3% withholding mandate. H.R. 674, championed by Rep. Wally Herger, R-CA, and Rep. Earl Blumenauer, D-OR and supported by the American Institute of Architects, is aimed at killing a looming federal requirement that would have forced federal, state, and many local agencies to withhold 3% of nearly [...]

Results from NEMA’s latest business conditions survey showed the economic environment facing the North American electroindustry improved for a second straight month in November. Though the Electroindustry Business Confidence Index (EBCI) for current North American conditions slipped to 56 from 57.4 in the previous month, it nonetheless cleared the 50 mark above which more panelists [...]

Following the first positive score in four months, the Architecture Billings Index (ABI) reversed direction again in September. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI score was [...]

NEMA’s Electroindustry Business Confidence Index (EBCI) indicated that conditions facing the North American electroindustry improved on balance in October, climbing to 57.4 from 50 in September. The latest month was the first since May in which the index exceeded the 50-point “growth threshold.” Meanwhile, October’s EBCI for future North American conditions moved higher for a [...]

On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the August [...]

The American Institute of Architects (AIA) recently issued the most comprehensive look yet at the built environment’s role in economic recovery, highlighting six specific policy steps that will generate jobs and help grow the American economy. The policy document, “The Built Environment’s Role in the Recovery,” was recently delivered to the White House and to [...]

FMI’s latest forecast for construction put in place calls for 2% growth in 2011 and 6% for 2012 to $886.2 billion in total construction. In today’s economy that sounds like ambitious growth, but in constant 2006 dollars, that is only 3% growth for 2012 and a 1% drop in construction for 2011. To put it [...]