Billings Strong at Firms in West, Midwest Regions

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WASHINGTON, D.C. – The American Institute of Architects is reporting an increase in architecture firm billings for February from its Architecture Billings Index, with several key segments showing an encouraging outlook for 2018. “We remain optimistic about the trends we’re seeing at architecture firms this year with the ABI continuing to show growth in February,” said AIA Chief Economist Kermit Baker, Hon. AIA, Ph.D. “We saw several major bright spots reflected in February’s data, as billings remained particularly strong at firms located in the West and Midwest.” While the pace of growth in design activity slowed a bit in February … Read more

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Persistent Workforce Shortages Challenge Commercial Construction Industry

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The Q1 2018 USG Corporation + U.S. Chamber of Commerce Commercial Construction Index reveals nearly two-thirds of contractors are highly confident that demand for commercial construction will increase over the next year, however, continued concerns around labor shortages have put even greater pressure on the industry. To increase jobsite efficiency and improve labor productivity, increasingly more builders are turning to alternative construction solutions, like prefabrication and modularization. The Q1 Index indicates contractors turn to innovations such as prefabricated and modular building materials to create more efficient jobsites (89 percent), increase labor productivity (85 percent), drive cost savings (58 percent) and … Read more

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Construction Employers Add 60K Jobs in February, 254K Over Year

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Construction employment increased by 61,000 jobs in February to the highest level since June 2008 as rising pay rates enabled the industry to attract more workers, according to an analysis of new government data by the Associated General Contractors of America. However, association officials cautioned that the Trump administration’s newly imposed steel and aluminum tariffs have the potential to undermine future employment growth for the sector. “Construction industry employment has accelerated over the past four months, and industry pay rates are now more than 10 percent higher than the private-sector average,” said Ken Simonson, the association’s chief economist. “However, steep … Read more

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Architecture Billings Continue Growth into 2018

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WASHINGTON, D.C. – The new year started on a strong note for architecture firms, as the Architecture Billings Index saw its highest January score since 2007. The American Institute of Architects reported the January ABI score was 54.7, up from a score of 52.8 in the previous month. This score reflects an increase in design services provided by U.S. architecture firms (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.1, down from a reading of 62.0 the previous month, while the new design contracts index increased slightly from 53.4 to 53.9. “Healthy conditions … Read more

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Construction Employment Increases in 269 Metro Areas Between December 2016, 2017

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Construction employment increased in 269 out of 358 metro areas between December 2016 and December 2017, declined in 43 and stagnated in 46, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said new infrastructure funding would help ensure firms continue to expand their headcount in 2018. “Construction employment continues to expand amid robust private-sector demand in many parts of the country,” said Ken Simonson, the association’s chief economist. “But with public-sector funding lagging, there is little doubt that more firms would be able to expand their headcount this year … Read more

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