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Construction input prices fall 0.3% in June

Archinect

Construction input prices fell by 0.3% For the month, Nonresidential construction input prices declined by 0.4%. Overall construction input prices are 1.1% higher than year-ago levels, while nonresidential construction input prices are 0.7% Overall construction input prices are 1.1%

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AIA’s Mid-2024 Forecast Predicts Growth in Nonresidential Construction

Archinect

Spending on nonresidential construction is projected to increase over the remainder of the year before taking a step back in 2025, according to the AIA’s updated Consensus Construction Forecast for mid-2024. Extract from the AIA's latest Consensus Construction Forecast. The interactive data is available to view here.

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How construction costs are contributing to challenges for architects

Archinect

When we asked architects in our recent Archinect Business Survey about their economic outlook, one of the five big factors behind the architecture industry’s current economic slowdown mentioned most frequently by participants was high construction costs.

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Record-setting Gordie Howe International Bridge passes major construction milestone

Archinect

The latest construction update now states that the design’s critical bridge deck component has now been installed on the entire length of the 2,800-foot span, connecting both countries through what will become the longest main span of any cable-stayed bridge in North America once it is completed in the fall of 2025. border with Canada.

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Report: Optimism for Construction Growth in the Next Year Remains High

Research reveals 96% of respondents are very or fairly optimistic about their organization’s growth prospects for the next year. The InEight Global Capital Projects Outlook also finds over half see digital technology as the greatest growth opportunity. But these are only some of the findings. Don't be kept in the dark when it comes to the future.

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Nonresidential construction spending declines 0.1% in May

Archinect

Spending on nonresidential construction nationwide fell 0.1% Private nonresidential spending decreased 0.3%, while spending on public nonresidential construction was up 0.4% Table credit: Associated Builders and Contractors “Nonresidential construction spending has fallen for two consecutive months yet remains just 0.2%

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Construction starts fall 19% in June, driven by stark decline in utility/gas activity

Archinect

The total number of construction starts fell by 19% in June, which resulted in a seasonally adjusted annual rate of $1.0 trillion, according to Dodge Construction Network’s latest Construction Starts Index. On a year-to-date basis through June, total construction starts were up 7% from the same period in 2023.

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The Ultimate Free Guide to Construction Project Management Software

Spreadsheets and in-house tools can no longer manage the sophistication and the demand for data of modern construction. Our free buyer’s guide will help you identify what construction software you need and the key features you should be looking for.

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From Plan to Reality: Unlocking the Power of Aerial Imagery for AEC

Aerial imagery has emerged as a necessary tool for architecture, engineering, and construction firms seeking to improve pre-construction site analysis, make more informed planning decisions, and ensure all stakeholders have access to an accurate visualization of the site to keep the project moving forward.

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7 Ways Real-Time Visualization Can Solve Architectural Challenges

In the dynamic world of architecture, design, and construction, creative problem-solving is crucial for success. Traditional methods often fall short in effectively conveying design intent to clients. Real-time visualization empowers you with a solid decision-making tool that smooths the design process.