AIA Says Construction Outlook Strong for 2018

November 21, 2017

AIA sees continued construction growth in 2018!

Demand for design services picked up in October at architecture firms nationwide, and the American Institute for Architects says conditions look good for construction activity through 2018.

The Architecture Billings Index (ABI), a monthly reading of design activity, came in at 51.7 in October, up 2.6 points from September. Because it’s above 50, it represents an increase in billings from the previous month. A monthly score below 50 indicates a contraction in billings from the prior month.

The ABI is considered an economic indicator of construction activity in the U.S., and reflects a nine- to 12-month lead time between architecture billings and construction spending nationally, regionally and by project type.

September’s decline in demand for design services snapped a string of seven consecutive months of billings increases. October’s strong showing, meanwhile, was backed by a new project inquiries score of 60.2, which, according to the sponsoring organization, the American Institute of Architects, indicates “that billings will likely stay at a healthy level in November.”

Design activity across all four building sectors posted scores above 50 in October.

AIA Chief Economist Kermit Baker, Hon. AIA, said, “As we enter the fourth quarter, there is enough design activity occurring that construction conditions should remain healthy moving through 2018. Extended strength in inquiries and new design contracts, along with balanced growth across the major building sectors signals further gains throughout the construction industry.”


Historic Cigar Factory Gets Reignited

November 16, 2017

“A second lease on life” for historic building

Built in 1911 the Hemmeter Building has been completely renovated to bring new life to this historic building.
The plans are to use floors four to seven for administrative office space, …

Experts Forecast Increase in 2018 Construction Starts

November 10, 2017

Dodge Construction outlook for 2018 looking good!

Total U.S. construction starts for the coming year will increase 3 percent to $765 billion, according to the 2018 forecast provided by Dodge Data & Analytics.
The information was contained in the …

DMI Shows Strong October Recovery

November 7, 2017

Dodge Momentum Index rebounded in a big way in October

After three consecutive months of decline, the Dodge Momentum Index rebounded significantly.
The Index is a monthly measure of the first (or initial) report for nonresidential building projects in …