Construction + Economy

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Construction spending during January 2010 was estimated at a seasonally adjusted annual rate of $884.1 billion, 0.6% lower than the revised December 2009 estimate of $889.6 billion and 9.3% below the January 2009 estimate of $974.3 billion, according to new Commerce Department figures. (Note these are estimates and subject to change over the next several [...]

Beginning its third year of negative conditions, the Architecture Billings Index (ABI) had a drop of almost three points in January. 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 January ABI [...]

A new standard for the design of high-performance green buildings is set to revolutionize the building industry. Published by ASHRAE in conjunction with IES and the U.S. Green Building Council, Standard 189.1, Standard for the Design of High-Performance, Green Buildings Except Low-Rise Residential Buildings, is the first code-intended commercial green building standard in the United [...]

Construction spending during December 2009 was estimated at a seasonally adjusted annual rate of $939.1 billion, 1.2% lower than the revised November 2009 estimate of $913.2 billion and 9.9% below the December 2008 estimate of a little over $1 trillion. Construction spending amounted to $939.1 billion for the year 2009, 12.4% below the $1.0721 billion [...]

According to the latest numbers from the Commerce Department, total employment for production workers in the construction industry was 3,909,000 in January 2010 (preliminary estimate and subject to adjustment), 15.7% lower than 4,639,000 workers in January 2009 and a 10-year low. The most recent peak was 6,236,000 in August 2006: The January 2010 figure represents [...]

The United States suffered its worst recession in 70 years following the collapse of the housing market. The good news is some economists believe the economy began to recover in Q309 after hitting bottom in the second quarter. The residential construction market is expected to recover, and the Federal stimulus has generated some growth in [...]

Construction spending during November 2009 was estimated at a seasonally adjusted annual rate of $900.1 billion, 0.6% lower than the revised October 2009 estimate of $905.6 billion and 13.2% below the November 2008 estimate of $1.037 trillion. During the first 11 months of 2009, construction spending amounted to $868.9 billion, 12.7% below the $994.9 billion [...]

On the heels of a more than 3-point dip last November, the American Institute of Architects’ (AIA) Architecture Billings Index (ABI) had a negligible increase of less than 1 point in December. As a leading economic indicator of construction activity, the ABI reflects the approximate 9- to 12-month lag time between architecture billings and construction [...]