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Weak office, hotel sectors continue to drag on construction planning

June 8, 2023


After getting off to a rocky start in 2023, the commercial sector dropped another 6.1% in May.

The Dodge report follows the American Institute of Architects’ Architecture Billings Index’s most recent report, which showed business conditions softened again in April. Excluding a slight rise in March, that now marks a decline in billings at architecture firms in every month since last October.

Meanwhile, concern about a variety of factors remains, including interest rates, financing and the lingering potential for a recession, according to the AIA.

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