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Business
Indexes indicate future growth in construction despite drop in August
The next 12 months should bring construction growth following a disappointing August, according to three recently released indexes. Destruction from Hurricanes Irma and Harvey, however, are causing additional uncertainty for the industry. One of those concerns is how the storms will affect the construction industry’s worker shortage. “Finding skilled workers will be essential to ensure the […]
September 25, 2017
Business
With increase in extreme weather, construction industry partners with Obama to work on more resilient building codes
Citing research linking climate change with an increase in extreme weather occurrences and the likelihood of further increases in the future, President Obama recently hosted government agencies and private groups at the White House for a Conference on Resilient Building Codes. The conference, and the declaration of May as National Building Safety Month, occurred as the […]
May 13, 2016
Business
Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs
The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industry’s ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist […]
April 17, 2014
Business
Three construction economists forecast growth in construction spending through 2017, note causes for concern
Giving their opinions on how they see things shaking out in the remainder of 2013 and how things will shape up for 2014, three construction industry economists painted a fairly positive picture of growth with a tinge of uncertainty, according to a report from SmartBlogs. Kermit Baker, chief economist at the American Institute of Architects, […]
October 28, 2013
Business
Construction economists: spending on slow upward march, housing has long way to go
There are several pluses and minuses in today’s construction spending front, although the overall picture is trending upwards, agreed three construction economists participating in a Reed Construction Data forecast webinar today. “Construction is growing, but it is growing unevenly,” said Ken Simonson, chief economist for the Associated General Contractors of America. Simonson sees growth in […]
May 10, 2013
Business
Architecture Billings Index jumps to 54.2, bodes well for construction
Each month the American Institute of Architects releases its Architecture Billings Index and the latest round shows an increase to 54.2 in January. Any reading above a 50 on the index indicates a rise in demand for design services. The index indicates good things for construction because architectural billings tend to lead actual construction of projects […]
February 25, 2013
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