Construction Numbers Strong In February
March 7, 2016
February’s economic numbers provided a double dose of good news for the construction industry.
The Dodge Momentum Index, a monthly measure of the first (or initial) report for nonresidential building projects in planning, rose 0.5 percent in February, the third consecutive month-to-month gain for the Index.
A 1 percent jump in commercial planning more than made up for a 0.1 percent decline in institutional planning.
Reports for building projects in planning have been shown to lead construction spending for nonresidential buildings by a full year, according to Dodge. Dodge also noted that commercial planning has made a moderate recovery following a decline late last year, while institutional planning continues to be above last year’s levels.
Meanwhile, the construction industry added 19,000 jobs in February, bringing the 12-month increase to 253,000, according to the Bureau of Labor Statistics. Overall, the nation’s nonfarm payroll employment increased by 242,000 in February, as the unemployment rate held steady at 4.9 percent.
Architectural Billing Index Slips in January
February 26, 2016
The Architecture Billings Index (ABI), an indicator of U.S. non-residential building activity, kicked off 2016 by dipping slightly into negative territory.
In reflecting the approximate nine-to-twelve-month lead time between architecture billings and construction spending, the ABI is considered a leading …
GAP Plays Key Role in Repurposing of Abandoned Mill
February 18, 2016
Loom City Lofts, a project that struggled to get off the ground for more than a decade, recently marked its grand opening in grand style, with stately windows from Graham Architectural Products overlooking it all.
Connecticut Governor Dannel P. Malloy …
Changes to NFRC Certification Cycle Coming March 1
February 15, 2016
The National Fenestration Rating Council’s fenestration product certification cycle extends to five years from four, beginning March 1, 2016.
However, the five-year certification cycle will not be retroactive and will apply only to products certified or recertified on or after …
Graham Announces Promotions, Organizational Changes
February 9, 2016
Graham Architectural Products announces a number of personnel developments and an organizational change. Jeff Cooper has been promoted to the position of vice president – information technology for Graham Capital.
January Construction Picture “Solid”
February 8, 2016
The construction industry enjoyed a solid start to the new year, as reflected in the recent release of economic indicators.
The Dodge Momentum Index rose 2.4 percent in January according to Dodge Data & Analytics and January construction hiring showed …
GAP Announces Three New Hires
January 29, 2016
January brought three new faces to the Graham Architectural Products team.
Steve Weisser joined GAP as safety manager. He is responsible for planning and implementing safety policies and procedures in compliance with local, state, and federal OSHA rules and regulations. …
ABI “Points to Another Healthy Year” in 2016
January 26, 2016
The Architecture Billings Index (ABI) score for December showed an increase over November, marking the eighth month out of the past 12 that demand for design services showed an increase over the previous month.
The Architecture Billings Index (ABI), produced …
December Construction Numbers Look Good
January 11, 2016
The construction industry rang out 2015 on a good note. The Dodge Momentum Index rose 4.1 percent in December, and job growth in the industry was strong for a third consecutive month.
The Momentum Index is a monthly measure of …
November Construction Numbers Send Mixed Signals
December 14, 2015
A significant dip in commercial planning was the key contributor to a 3.7 percent November drop in the Dodge Momentum Index.
The Index is a monthly measure of the initial report for nonresidential building projects in planning. Projects in planning …