DMI Registers September Decline
October 9, 2017
The Dodge Momentum Index dropped in September, falling 8.4 percent. The institutional component led the way with a monthly decline of 11.5 percent.
The Momentum Index is “a monthly measure of the first (or initial) report of nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.”
According to Dodge Analytics, which compiles the Index, “while the overall Momentum Index has lost ground for four consecutive months, this should not be seen, in and of itself, as a predictor of a turn in building markets.” In support of its claim, Dodge pointed to past strong rebounds from “similar significant declines,” adding, “economic growth remains solid and building market fundamentals are supportive of further growth in construction activity.”
The commercial component registered a drop of 6.1 percent in September.
ABI Climbs for Seventh Consecutive Month
September 21, 2017
With another strong showing in August, the Architectural Billings Index (ABI) has now climbed for seven consecutive months, reflecting continued growth in demand for design services.
The ABI, released each month by the American Institute of Architects, is a leading economic indicator of construction activity. It has been shown to foretell the approximate 9- to …
Despite August Dip, DMI Up Year-Over-Year
September 11, 2017
The Dodge Momentum Index (DMI) dropped for a second consecutive month in August, falling 2.4 percent.
The Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning. These have been shown to lead construction spending for nonresidential buildings by a full year.
August’s decline reflects an 8.7 percent …
Architecture Billing Index Continues Steady Ascent
August 28, 2017
The Architecture Billing Index (ABI) increased for the sixth consecutive month in July as growth in demand for design services continued.
The ABI is seen as an indicator of future construction spending over the next 9 to 12 months. Any score over 50 suggests growth.
July’s Index score of 51.9 indicates some moderation in growth, …
Hurricane Season May Be Extremely Active
August 14, 2017
The National Oceanic and Atmospheric Administration (NOAA) this week updated its forecast for the 2017 hurricane season. The outlook is not particularly sunny.
NOAA is now saying the season “has the potential to be extremely active and could be the most active since 2010.” That year, NOAA forecast an 85 percent chance of an above-normal …
Volatility Continues With Dodge Momentum Index
August 8, 2017
The Dodge Momentum Index (DMI) dipped in July, just another hiccup after a series of advances.
Despite falling 3.3 percent in the month, the Index is 6.9 percent higher than it was a year ago.
The Dodge Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, …
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 …
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 measure of the first (or initial) report for nonresidential building projects in planning. These reports …
Architecture Billings Index Continues Upward March
June 22, 2017
The Architecture Billings Index showed an increase in billings for the fourth consecutive month, bringing another boost in optimism to the architecture and construction industries.
The Index, reported by the American Institute of Architects, came in at 53 for May, up from April’s reading of 50.9.
Any score above 50 indicates an increase in billings …
Graham Sponsors Continuing Ed Course on Hurricane-Resistant Windows and Doors
June 14, 2017
A new AIA accredited continuing education course on hurricane-resistant windows and doors is now available online, courtesy of Graham Architectural Products.
The Graham-sponsored course, titled “Shelter from the Storm,” originally appeared in Architectural Record’s May, 2017 issue.
The course does a thorough job of explaining the stringent standards that hurricane-resistant windows and doors must satisfy, …