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Construction + Economy

Construction + Economy

Electroindustry Business Confidence Index Declines for Third Straight Month

NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America slipped below the 50-point level typically associated with expansion in January for the first time since October 2012. The index declined for the third straight month, falling to 40.6 from 52.8 in December. On the plus side, confidence in future business conditions again [...]

Construction + Economy

Another Decline for Architecture Billings Index

Following consistently increasing demand for design services throughout most of 2013, the Architecture Billings Index (ABI), produced by the American Institute of Architects (AIA) has posted its first consecutive months of contraction since May and June of 2012. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lead [...]

Construction + Economy

After the Recession, the Restructuring

ARCHITECTURAL LIGHTING recently published an article by Bill Millard about the impact of the recent recession and current recovery on the lighting design profession. He writes: “An accelerated pace of work and a steep learning curve have become common practice for contemporary lighting designers. These demands are only partly the result of new technology, say [...]

Construction + Economy

AIA Reports Slight Contraction for Architecture Billings Index

After six months of steadily increasing demand for design services, the American Institute of Architects’ Architecture Billings Index (ABI) paused in November. 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 AIA reported the November ABI score was 49.8, [...]

Construction + Economy, Lighting Industry

Luminaire Manufacturing Industry Valued at $10 Billion

IBISWorld’s Lighting Fixtures Manufacturing Market Research Report (NAICS 33512), published in October 2013, provides an analysis of the commercial and residential luminaire industry. Valuing the industry at $10 billion in sales, the report forecasts growth due to healthy prospects for residential construction and government intervention driving demand for energy-efficient lighting. The four largest manufacturers represent [...]

Construction + Economy

North American EBCIs Indicate Improving Conditions in October

After a hiatus of several months, NEMA’s Electroindustry Business Conditions Index (EBCI) for current conditions in North America is back. The EBCI measured 56.3 in October, down slightly from 56.7 in June, the last time the index was released, but still showing signs of improvement in the business environment. Respondents remained optimistic on balance regarding [...]

Construction + Economy

Architecture Billings Index Surges Higher

Showing a steady increase in the demand for design services, the Architecture Billings Index (ABI) continues to accelerate, as it reached its second highest level of the year. 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 [...]

Construction + Economy

Strong Conditions Revealed in Architecture Billings Index

The Architecture Billings Index (ABI) showed more acceleration in the growth of design activity nationally. 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 August ABI score was 53.8, up from [...]

Construction + Economy

Positive Trend Continues for Architecture Billings Index

The Architecture Billings Index (ABI) saw a jump of more than a full point in July 2013, indicating acceleration in the growth of design activity nationally. 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 [...]

Construction + Economy

McGraw-Hill Construction: New Construction Starts to Climb 6% in 2013

New construction starts are forecast to rise 6% this year to $506 billion, according to the mid-year update to the 2013 Construction Outlook from McGraw-Hill Construction. This is the same rate of increase for total construction starts that was predicted last October, and follows the 8% gain that took place in 2012. “The recovery for [...]

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