Good Times Continue for U.S. Architecture Firms
July 20, 2017
In news that bodes well for the construction industry, U.S. architecture firms enjoyed a fifth consecutive month of increased demand for design services in June.
June’s reading of the Architecture Billings Index (ABI), a leading economic indicator of construction activity, came in at 54.2, up from May’s 53.0 and April’s 50.9. Any score above 50 indicates an increase in billings.
The ABI reflects the approximate nine-to-12-month lead time between architectural billings and construction spending.
Both the institutional and commercial/industrial indexes advanced in June, with the institutional sector rising to 52.6 from 51.2 in May, and the commercial/industrial sector climbing from 51.2 in May to 52.1 in June.
“So far this year, new activity coming into architecture firms has generally exceeded their ability to complete ongoing projects,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Now, firms seem to be ramping up enough to manage these growing workloads.”
Brooklyn’s Navy Green Earns Urban Land Institute Honors
July 18, 2017
The multi-phase, mixed-use new residential development in Brooklyn, NY, has already been recognized as the first LEED for Neighborhood Development-certified project in the state of New York. More recently, Navy Green received a 2017 Urban Land Institute (ULI) Award for …
Dodge Momentum Index Continues Its Advance
July 11, 2017
The Dodge Momentum Index advanced again in June, led by a 4.8 percent increase in the institutional component.
Overall, the Momentum Index crept up 1.1 percent to 141.1, from its revised May reading of 139.6. The Index is a monthly …
High End Apartment Complex Features Graham Windows
July 7, 2017
Roebling Lofts, erected in 1917, is the former home of the Clark Street Rope Shop, one of seven buildings that once comprised John A. Roebling’s Sons Company. Through his company, Roebling, the designer of the Brooklyn Bridge, supplied steel wire …