Business and Finance

    Dodge Momentum Index Shows Commercial Sector Gains

    In the latest Dodge Momentum Index report, chief economist Richard Branch highlights April’s construction drivers and industry trends. This month, he discusses: A 9% rise in the Commercial Sector The DMI approaches an all-time high Educational building leads Institutional Sector Optimism for solid construction activity The Dodge Momentum Index (DMI) is an economic leading indicator for nonresidential building projects, tracking the dollar value of these projects in their earliest stages of planning.

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      For Architects, Project Information Management Is a Growing Challenge

      By Donna Laquidara-Carr, Ph.D., LEED AP New research conducted by Dodge Construction Network for Newforma reveals increased challenges in managing project information among architects, but it also reveals that they are more deeply engaged in planning out their future investments to help tackle those challenges. The research, published by Newforma in Finding Common Ground: The Future of Project Information Management, asked architects about their experiences with and strategies for managing project information. The online study is the second in a… Read More »For Architects, Project Information Management Is a Growing Challenge

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        The Civil Quarterly 2022 Issue 4

        The Civil Quarterly (TCQ) features original research collected quarterly from civil contractors, engineers and owners. The research provides a snapshot of the current business health of contractors operating in the dynamic civil sector, and each issue also offers insights into some of the many trends that are transforming the sector through research, interviews and feature articles. This quarter’s issue features: The latest on civil contractors’ business conditions, including their confidence in the market, expected revenue and profitability, and supply chain… Read More »The Civil Quarterly 2022 Issue 4

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          How Downtowns Are Faring in the Post-COVID Era

          Downtowns across the country are struggling to recover from COVID-19, Bloomberg columnist Justin Fox reports. A recent study from the University of California, Berkeley used cell phone data from cities across the country to compare business district activity in the spring of this year with activity prior to the outbreak. The slowdown is worse in San Francisco than any other city, with only activity at only 31% of pre-pandemic levels. Since the onset of the pandemic, San Francisco has been the… Read More »How Downtowns Are Faring in the Post-COVID Era

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            Positive Reading on the Dodge Momentum Index

            The Dodge Momentum Index, issued by Dodge Construction Network, improved 5.7% (2000=100) in September to 183.2 from the revised August reading of 173.4. The DMI is a monthly measure of the initial report for nonresidential building projects in planning, shown to lead construction spending for nonresidential buildings by a full year. In September, the commercial component of the Momentum Index rose 2.9%, while the institutional component also increased, seeing a double-digit gain of 11.7%. After a solid performance in September, the DMI… Read More »Positive Reading on the Dodge Momentum Index

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              The Civil Quarterly 2022 Issue 3

              The Civil Quarterly (TCQ) features original research collected quarterly from civil contractors, engineers and owners. The research provides a snapshot of the current business health of contractors operating in the dynamic civil sector, and each issue also offers insights into some of the many trends that are transforming the sector through research, interviews and feature articles. This quarter’s issue features: The latest on civil contractors’ business conditions, including their confidence in the market, their high levels of backlog and the… Read More »The Civil Quarterly 2022 Issue 3

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                Broad-Based Weakness in the Building Sectors Drags Down Construction Starts in June

                Total construction starts fell 5% in June to a seasonally adjusted annual rate of $932.3 billion, according to Dodge Construction Network. Nonresidential building starts lost 14% during the month and residential lost 6%. Nonbuilding starts gained 13% in June due to the start of several large solar projects. Year-to-date, total construction was 5% higher in the first six months of 2022 compared to the same period of 2021. Nonresidential building starts rose 13% and residential starts gained 3%, while nonbuilding starts… Read More »Broad-Based Weakness in the Building Sectors Drags Down Construction Starts in June

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                  Starts Stay Strong in First Half as Possible Recession Looms

                  Adapted from an article published on ENR on July 13, 2022. While commodity prices have begun to stabilize following the extreme volatility of the past several years, recession fears continue to mount. Inflation and labor shortages remain ongoing issues within the construction industry as well as the broader U.S. economy. “Bid price increases on a year-over-year basis have finally caught up with material cost increases, which will bring smiles of relief to many contractors,” says Alex Carrick, chief economist at… Read More »Starts Stay Strong in First Half as Possible Recession Looms

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                    Dodge Momentum Index Hits 14-Year High With Slight Gain in June

                    The Dodge Momentum Index (DMI) increased less than one percentage point in June to 173.6 (2000=100) from the revised May reading of 173.1, pushing the measure to a 14-year high. The Momentum Index, issued by Dodge Construction Network, is a monthly measure of the initial report for nonresidential building projects in planning. The index is shown to lead construction spending for nonresidential buildings by a full year. In June, the commercial component of the Momentum Index rose 4.1%, while the institutional component… Read More »Dodge Momentum Index Hits 14-Year High With Slight Gain in June

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                      U.S. Manufacturers Bring Production Home, Spurring Boom in Industrial Construction

                      The ‘Covid-19 outbreak and the supply chain disruptions that followed prompted many U.S. manufacturers to abandon production in China and build new plants back home. Two years on, the trend continues unabated, Bloomberg and Yahoo! Finance both report. The construction of new manufacturing facilities in the US has soared 116% over the past year, dwarfing the 10% gain on all building projects combined, according to Dodge Construction Network. There are massive chip factories going up in Phoenix: Intel is building two just… Read More »U.S. Manufacturers Bring Production Home, Spurring Boom in Industrial Construction

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                        Acquisition Results in New Multinational Architecture Firm

                        Architecture and design firm Page has acquired EYP in a transaction that integrates the two businesses. EYP has 11 offices nationwide, and Page has 10, located in the U.S. as well as in Mexico and the United Arab Emirates. Bringing together our two firms allows us to work on increasingly complex projects that benefit from our expertise across disciplines and market sectors. Together, we’re bringing the most compelling, innovative designs and expertise to each project we pursue regardless of scope… Read More »Acquisition Results in New Multinational Architecture Firm

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