Interest in using public-private partnerships (P3s) to fix the country’s failing infrastructure has steadily been growing. According to the American Society of Civil Engineers (ASCE) have estimated that an investment of $3.6 trillion is needed by 2020 to fix America’s infrastructure. The American Road & Transportation Builders Association (ARTBA) recently released their 2017 Bridge Report […]

The seasonally adjusted annual rate of construction spending for January 2017 was estimated at $1,180.3 billion, according to the latest report from the U.S. Census Bureau. This is 0.1% below the December 2016 estimate which has been revised up from $1,181.5 billion to $1,192.2 billion. November’s estimate was also revised up again from $1,184.4 billion […]

Despite posting the strongest score of 2016 in December, the Architecture Billings Index (ABI) slipped in January to a score of 49.5 indicating a small decline in billings. The ABI is a leading indicator for future nonresidential construction spending and activity. The average lead time is nine months to a year between billings and construction […]

The seasonally adjusted annual rate of construction spending for December 2016 was estimated at $1,181.5 billion, according to the latest report from the U.S. Census Bureau. This is 0.2% below November’s estimate which was revised up from up from $1,182.1 billion to $1,184.4 billion. October’s annual rate was revised back up from $1,171.4 billion to […]

The Architecture Billings Index (ABI) reported a second straight month of increase in design services following two consecutive months of shrinking demand. The November ABI score of 50.6 was down just a tick from October’s 50.8, according to the American Institute of Architects (AIA). This still reflects an increase in demand for design services since […]

The Bureau of Labor Statistics (BLS) recently released their 2015 Census of Fatal Occupational Injuries (CFOI) and the construction industry once again topped the list with 937 worker deaths. This is about a 4% increase in occupational fatalities over the 899 reported for 2014. This is the largest number of construction worker deaths since 2008. […]