Architecture Billings Remain in Growth Territory

March 22, 2018

Architecture billings continued their residency in expansion territory despite a slight setback in February. The Architecture Billings Index (ABI) from the American Institute of Architects (AIA) dropped 2.7 points last month to a score of 52.

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Building Permits, Housing Starts Down in February

March 19, 2018

Privately owned building permits and housing starts suffered significant setbacks in February. Permits were nearly 6% behind the revised January rate, and housing starts down by 7% of January’s revised estimate, according to the latest data from the Census Bureau and the Department of Housing and Urban Development. However, housing completions were almost 8% above January’s numbers.

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Construction Input Prices Continue to Increase

March 14, 2018

Construction input prices have continued to increase since the beginning of the new year, according to Associated Builders and Contractors’ (ABC) analysis of the Bureau of Labor Statistics data. February prices rose 0.7% from those set in January.

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Fortune 500 Company Looking to Shrink Labor Shortfall

March 12, 2018

One of the largest companies in the country is looking to help combat the skilled worker shortage in the United States. The Home Depot Foundation announced earlier this month it is contributing $50 million over the next 10 years to train 20,000 tradespeople in the construction industry.

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Boosted Optimism Indicates Promising Year for Nonresidential Construction

March 6, 2018

Not since the late-1990s has the construction industry seen such positivity for the future of nonresidential construction, and if data from the Wells Fargo Equipment Finance’s 2018 Construction Industry Outlook report is any indication, activity in this area is in for a good year.

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Risk Allocation Determines Credit Impact After P3 Construction Delays

March 1, 2018

When construction delays arise in a public-private partnership (P3), that doesn’t necessarily mean negative credit will follow. Instead, Moody’s Investors Service reports, the outcome is based on a few factors, mainly risk allocation between the public procuring authority, construction contractor and project company.

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Townhouse Construction, Custom Building Show Signs of Life in 2017

Feb. 27, 2018

Home sales may have weakened, but that isn’t halting townhouse construction or custom building, according to recent analyses by the National Association of Home Builders (NAHB).

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New Home Sales Start 2018 on Decline

Feb. 26, 2018

New single-family home sales are at their lowest level since the end of summer following a second straight month of declines. January sales were at a seasonally adjusted annual rate of 593,000, according to the latest release from the Census Bureau and Department of Housing and Urban Development.

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Architecture Billings Increase in January

Feb. 23, 2018

Architecture billings continued to increase, starting off the new year with a bang. The Architecture Billings Index (ABI) from the American Institute of Architects (AIA) jumped to 54.7 in January, the highest score in that month since 2007. It’s also the fourth-straight month with a reading over 50. A score over 50 indicates a billing increase.

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Existing Home Sales Drop for Second Consecutive Month

Feb. 22, 2018

Existing home sales are down for the second straight month, following a modest drop in January. The decline last month culminates a year-over-year setback of 4.8%, the largest annual decline since August 2014, according to the National Association of Realtors (NAR).

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