We may be experiencing a building boom but it is not producing affordable housing…and that’s what municipal leaders desperately need. The lack of affordable housing has become a national problem. The Urban Institute reports that for every 100 low-income American households seeking affordable apartments, fewer than 30 units are available. And the National Apartment Association […]

In May, construction spending was at an estimated seasonally adjusted annual rate of $1,309.5 billion. This was a 0.4% increase over April’s estimate which has been revised down from $1,310.4 billion to $1,304.5 billion. March’s estimate was revised up from $1,286.8 billion to $1,293 billion. May’s estimate for total construction spending is up 4.5% from […]

Architecture billings increased again in May, marking the eighth consecutive month of growth. The Architecture Billings Index (ABI) score in May rose to 52.8, just above April’s score of 52.0.  The latest report from the American Institute of Architects (AIA) shows that demand for design activity has been steadily growing over the past several months. […]

All indicators point to a strong year for the construction industry.  Most projections are that the growth will continue through 2021. However, there could be a glitch…and it could come from the public sector – the local levels of government, to be more specific. There are thousands of new local construction projects just waiting to […]

An unlikely savior has emerged to fix America’s crumbling roads: Domino’s. The pizza chain recently launched their “Paving for Pizza” campaign to repair potholes in select cities across the country. According to press release from the company earlier this week, “Cracks, bumps, potholes and other road conditions can put good pizzas at risk after they […]

Construction spending rose to a record-high seasonally adjusted annual rate of $1,310.4 billion in April. This is a 1.8% increase from March’s estimate which was revised up from $1,284.7 billion to $1,286.8 billion. February’s estimate was revised up again from $1,306.4 billion to $1,309.2 billion. April’s estimate is up 7.6% from a year ago when […]