Tag: Construction

Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

A factor in the sales was customers buying ahead of tariff-related price increases.

Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.

The American Iron and Steel Institute (AISI) has announced the publication of the third version of the Product Category Rules (PCR) for North American Steel Construction Products.

The decline comes after reaching a record high in January to kickstart the year.

The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.

Supply chains are working through what the tariffs mean for them

Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

Single-family starts last month hit a rate of 1.10 million, a month-over-month increase of 11.4%, census data shows.

The ABI is a leading indicator for near-term nonresidential construction activity and projects business conditions ~9-12 months down the road (the typical lead time between architecture billings and construction spending).

The Dodge Momentum Index (DMI) saw moderate growth in February after reaching a record high the month prior, according to the latest data released by Dodge Construction Network. The February DMI rose to 225.6, a 0.7% increase from January’s downwardly revised reading of 223.9 and 27% higher than levels one year prior. “Planning momentum moderated […]

The Association of Equipment Manufacturers slammed the use of "broad and indiscriminate" penalties.

Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]

The metal roofing manufacturer is launching Fabral Solar to integrate solar technology within commercial, residential, and agricultural structures.

Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

Automakers, construction, manufacturers raise concerns

The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.

Architecture firms reported a sharp reduction in billings in December, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

AGC said Trump should be “sparing” in imposing new tariffs and exclude products needed for domestic manufacturing, energy and infrastructure.

The steelmaker is completing construction of two such production facilities in Alabama and Indiana.

Improved growth in data center planning and warehousing projects helped the Dodge Momentum Index (DMI) rebound in December.

Slow construction activity and low steel prices weighed down profits for Commercial Metals Company.

Construction spending inched higher in November for a second straight month.

The November ABI decreased month over month but was still the third-highest reading of the past two years.

Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.

Written by David Schollaert November 13, 2024 Share on LinkedIn The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need […]

The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.

During the first 10 months of this year, construction spending rose about 7.2% over last year.

Architecture firms reported stable billings in October, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek. This follows 20 months of contracting business conditions.

Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.