Construction + Economy

Construction contractors expect increasing demand for numerous types of projects in 2022 despite ongoing supply chain and labor challenges, as most firms plan to add workers this year, according to survey results released today by the Associated General Contractors of America and Sage.

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

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.

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.

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.

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.

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.

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.

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.