Architecture Billings Index Continues Positive Momentum

Three out of past four months have seen positive business conditions WASHINGTON D.C..— On the heels of its highest mark since 2007, the Architecture Billings Index (ABI) jumped more than two points in December.   As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.   The American Institute of Architects (AIA) reported the December ABI score was 54.2, up from a reading of 52.0 the previous month.   This score reflects an increase in demand for design services (any score above 50 indicates an … Read more

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More Construction Firms Plan to Hire, Instead of Cutting, Workers in 2011 Survey Finds

More Firms in Iowa Plan to Hire than in Any Other State, While More Firms in Idaho Plan Layoffs, Most Firms Expect Big Declines in Stimulus Work, According to New Industry Outlook More construction firms are planning to hire workers this year than are planning to make layoffs, according to the results of an industry-wide survey released today by the Associated General Contractors of America and Navigant. The survey, conducted as part of the Construction Industry Hiring and Business Outlook, shows the industry may finally be emerging from a severe downturn that has left millions of skilled workers unemployed. “This … Read more

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Material Prices Jump 0.9% in December While Bids Stay Flay

Latest Producer Price Index Figures Show Double-Digit Hikes in 2010 for Copper, Steel, Aluminum, Diesel, Even As Prices Contractors Charge for Finished Structures Remain Flat Construction firms are facing increasing pressure in December as nearly every material used by contractors rose in price, while bid prices for new buildings remained flat, according to an analysis of December producer price index figures released today by the Associated General Contractors of America. Association officials warned that the price squeeze on contractors is likely to intensify in 2011 as global demand for construction materials grows and domestic demand for construction services remains weak. … Read more

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Carolinas AGC Construction Barometer Improves a Degree

CHARLOTTE, N.C. — While the Carolinas AGC Construction Barometerâ„¢ notched up 1% for third quarter 2010, continuing its upward movement for the third consecutive quarter, there’s still simply no clear trend out of the recession. Values that strengthened a bit in second quarter deteriorated somewhat in third quarter, while variables that fell in second quarter strengthened modestly in the third. Contractors do appear to be growing cautiously more optimistic about 2011, reporting they expect stable-to-modestly improving business conditions over the coming year. Quarter three’s construction labor market showed a bit stronger demand for skilled labor and a small increase in … Read more

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Growing Number of Metro Areas – 120 Out Of 337 – Added Construction Jobs between November 2009 & 2010

Phoenix, Ariz. and Hanford-Corcoran, Calif. Top List of Metro Areas Adding Jobs while Chicago and Napa, Calif. Lose Most Jobs for the Year Construction employment either increased or remained steady in a growing number of metropolitan areas — 120 of 337 — between November 2009 and November 2010 according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said construction employment is improving slightly thanks in large part to temporary federal funding for stimulus and military construction. “It is good to see the construction industry finishing the year on a … Read more

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