AIA Releases Latest Architecture Billings Index

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The AIA/Deltek Architecture Billings Index remained below 50 for the fourth consecutive month. The score of 45.3 increased by one point from October, indicating slightly fewer firms reporting a decline in billings. Any score below 50 indicates decreasing business conditions, but there are encouraging signs of the pipeline. Firms in all regions reported a decline in billings, with business conditions remaining softest at firms located in the West as the region’s billings hit a low for the year. Firms specializing in multi-family residential continue to remain the weakest and business conditions declined further at firms with institutional specialization, despite being … Read more

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Associated General Contractors Of America Announces Leadership Changes

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Stephen E. Sandherr announces his retirement as CEO of the Associated General Contractors of America, effective March 31. Sandherr has been CEO of the association for the commercial construction industry for 27 years and has served it for 37 years in various capacities. The association’s current chief operating officer, Jeffrey Shoaf will serve as the association’s next CEO. Shoaf, who has been COO since 2017, joined AGC in 1994. He is a graduate of James Madison University and, prior to joining AGC, was a staff member for the House Transportation and Infrastructure Committee. Prior to being named to his current … Read more

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Alamo Colleges First Responders Academy Opens in San Antonio

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Future students and staff attended the grand opening of the new Alamo Colleges District San Antonio College First Responders Academy facility. The building, built by Gilbane Building Company, is slated to host its first class of students in the spring of 2024. The ground-up facility is anticipated to serve the growing population of San Antonio, Texas and meet the educational priorities of the surrounding community. The building is situated on the same lot as the previous facility and will continue to train and educate future law enforcement and first responders. The 32,000-square-foot facility encompass a lobby, classrooms, a gym and … Read more

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Dodge Momentum Index: Nonresidential Planning Activity Remains Historically Elevated

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The Dodge Momentum Index , issued by Dodge Construction Network, decreased 1% in November to 179.2 (2000=100) from the revised October reading of 181.7. Over the month, the commercial and institutional components both fell 1%. “While both portions of the Momentum Index saw slower momentum in planning, overall levels remain steady and will support construction spending in 2024 and 2025,” stated Sarah Martin, associate director of forecasting for DCN. “Nonresidential planning activity will remain constrained from stronger growth amidst ongoing labor and construction cost challenges.” Excluding data center activity, all commercial segments saw declines in November. On the institutional side, … Read more

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Turner, JV Partner Walsh Construction Top Out $900M Hospital Project

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Turner Construction Company and Joint Venture partner Walsh Construction celebrated the topping out of the $900-million Louisville VA Medical Center in Louisville, Kentucky. The ceremony was attended by Kentucky Governor Andy Beshear, other state and local officials, and representatives of the Department of Veterans Affairs and the US Army Corps of Engineers. The Louisville VA Medical Center will offer 104 beds to care for the 45,000 veterans in the area. It will include a Women’s Health Clinic, a utility plant and parking structures. The main hospital facility will consist of two buildings connected by an atrium-like concourse. The 910,000-square-foot project … Read more

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