Construction Indicator Nudges Higher In May
June 9, 2016
![](/wp-content/uploads/DMI-May-2016.jpg)
For the construction industry, the good news keeps coming, as the Dodge Momentum Index rose 2.4 percent in May, riding a bump in activity in the commercial sector.
The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
Commercial projects entering the planning stage increased 6.5 percent, which more than offset a 3.4 percent dip in the institutional sector.
Overall, the Index is 3.6 percent higher than it was a year ago, which according to Dodge, suggests “further growth in construction activity in 2016 despite the subdued first quarter GDP report and signs that lending standards are beginning to tighten for commercial projects.”
However, institutional planning is 1.3 percent lower than it was a year ago, as planning has calmed down from the elevated activity reported in late 2015 and early 2016.
In other economic news, May’s employment numbers in the construction industry showed little change from April.
New Fixed Window Simulates Appearance of Traditional Hung Window
June 3, 2016
Graham Architectural Products recently unveiled the new S1400H offset fixed window, a fixed window with a historic beveled sash design and offset lites to simulate the appearance of a historic hung window.
While the offset lites provide the appearance of …
Construction Planning Shows Slight Increase
May 10, 2016
April’s economic numbers offer additional encouragement, with the Dodge Momentum Index showing an uptick and the Bureau of Labor Statistic’s jobs numbers holding steady.
The Momentum Index, a monthly measure of the first (or initial) report for nonresidential building projects …
Graham Adds One, Promotes Two
May 3, 2016
Graham Architectural Products (GAP) is pleased to announce a new hire and two promotions.
Jose Rodriguez has joined Continental Glass Systems (CGS) as senior project accountant. Graham has a significant equity and operating partner position in the business of CGS.
Jose …
Architectural Billing Index Shows Growth
May 2, 2016
The Architectural Billings Index (ABI), a leading indicator of construction activity, showed growth in March, with an ABI score of 51.9, up from February’s 50.3.
According to the AIA (American Institute of Architects) Economics & Market Research Group, the …
March Economic Numbers Mixed
April 8, 2016
March’s economic numbers paint a mixed picture for the construction economy.
Although construction employment increased by 37,000 in the month, the Dodge Momentum Index, a monthly measure of the first (or initial) report for nonresidential building projects in planning, dropped …
Graham Plays Central Role in “Preservation’s Best of 2015” Winner
March 30, 2016
Each year in March, during National Historic Preservation Advocacy Week, advocates and politicians gather to recognize America’s most outstanding Historic Tax Credit projects for rejuvenating neighborhoods by giving new life to venerable buildings.
This year at a congressional reception in …
Small Bounce-Back for Architectural Billings Index
March 23, 2016
The Architectural Billings Index (ABI) took a small step forward in February, rebounding from January’s dip, as national demand in design services experienced a small increase.
The Architecture Billings Index, produced for the American Institute of Architects by the AIA Economics …
Massachusetts Restoration Gets Boost From Graham
March 18, 2016
Once again, Graham Architectural Products has helped to restore beauty to some truly historic buildings.
Very soon, the first residents are expected to move into Cable Mills, an adaptive reuse of the one-time Water Street Mill, built in 1873 in …
Graham Architectural Products Adds Two, Promotes One
March 14, 2016
Graham Architectural Products has announced a promotion and two new hires. Taylor Caterbone, who started her career at GAP three years ago as a staff accountant, has been promoted to cost accountant.
Tayor’s previous responsibilities included sales tax filing, backlog reporting, daily revenue …