Despite the improvement shown by Dodge Data & Analytics’ Dodge Momentum Index in June, planning for commercial and institutional building projects has clearly stepped back from the torrid pace set during the first half of 2018. Indeed, the average of the overall Momentum Index through the first six months of 2019 was 4.3% lower than the same period a year ago, with the commercial component down 5.2% and the institutional component down 3.0%.
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AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. “The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “While both inquiries into new projects and the value of new design contracts remained positive, they both softened in May, another sign the amount of pending work in the pipeline at firms may be starting to stabilize.”
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Following a sizable decrease in demand for design services in March, AIA’s April Architecture Billings Index (ABI) climbed back into positive territory according to a new report announced May 22. The score for April showed a slight increase in design services to 50.5 in April, and business conditions remained positive in the South.
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Billings at American Society of Interior Designers (ASID) member-owned interior design firms saw a healthy jump in March, a positive sign as firms enter what is traditionally a seasonal upswing. The March Interior Design Billings Index (IDBI) score of 60.4 indicates demand has strengthened (any score above 50 signifies growth) and is at its highest level since May 2017.
Read MoreThe Portland Cement Association (PCA), representing America’s cement manufacturers, released a new report focused on resiliency titled The Real Value of Resilient Construction. The report demonstrates through historical data, evidence from external sources, and comparisons of building materials that resilient design and construction built with concrete leads to longer lasting buildings due to concrete’s ability to stand up to normal wear and tear and resistance to extreme weather events.
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The overall Dodge Momentum Index is down 8.5% since April 2018, with the commercial component 4.7% lower and the institutional component 13.9% lower. However, over the past several months the Momentum Index has moved in a crablike fashion with neither strong gains or losses. This suggests that there continues to be a reasonably healthy number of projects in the planning pipeline to support a moderate level of construction activity in the coming months.
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The American Architectural Manufacturers Association (AAMA) has released the “AAMA 2018/2019 U.S. Industry Statistical Review and Forecast.” This report delivers timely information on window, door and skylight market trends and product relationships. Historic data for 2010 through 2018 and forecast data for 2019 through 2021 are also included in the report.
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The March uptick was due to a 2.8% increase in the commercial component of Dodge Data & Analytics’s Dodge Momentum Index, while the institutional component fell 3.0%.The overall Momentum Index has essentially moved sideways and stayed within a very narrow band of activity since the fall of last year. This is highly indicative of where building markets currently are at this late stage of the construction cycle.
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Following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March, according to a new report today from The American Institute of Architects (AIA).
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The combined market size of anti-graffiti coatings & films is estimated at USD 72 million in 2018 and is projected to reach USD 87 million by 2023, at a CAGR of 3.8%. The growing construction industry and rising demand for graffiti-resistant coatings & films from both residential and commercial construction industries are expected to drive the Anti-Graffiti Coatings & Films Market.
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