Tag: construction planning

June 10, 2024

A total of 19 U.S. projects valued at $100 million or more entered planning during May. The largest commercial sector projects included: The $500 million renovation of the former Mirage Hotel to a Hard Rock Hotel and Casino in Las […]

April 10, 2024

The drop represents the second consecutive month of contraction, according to Dodge data. Martin attributed much of the decline on the institutional side to lower levels of education planning, which includes labs and life science facilities. For example, between February […]

February 9, 2024

As expectations mount for the Fed to cut rates later this year, owners and developers will continue to gain confidence in market conditions in 2024 and into 2025, said Martin in the report. That should drive momentum in commercial activity […]

January 10, 2024

Commercial planning, which includes office, hotel, retail and warehouse projects, has generally been in decline since its November 2022 peak due to high interest rates, supply chain disruptions and stricter lending standards, but Martin noted the segment began to stabilize […]

November 7, 2023

Martin said last month that lingering high interest rates, supply chain snarls and tighter lending standards are likely to continue to weigh on the commercial segment, such as office, retail and warehouse projects. So, while improvements in warehouse planning pushed […]

October 9, 2023

If financial conditions improve in early 2024, steady planning activity should follow too, said Martin. But lingering high interest rates, continued supply chain snarls and tighter lending standards are likely to continue to weigh on the commercial segment, including office, […]

August 8, 2023

All commercial construction sectors, such as retail, warehouse and office, either pulled back or remained flat over the month of July. On the institutional side, education and healthcare projects also posted significant decelerations in activity, according to Dodge. Other subcategories within institutional […]

July 12, 2023

The index, which peaked in December 2022 and typically leads actual construction spending by 12 months, fell for the fourth straight month. It followed a larger 6.1% decline in May. Meanwhile, architectural activity, which also provides a forward-looking gauge for […]

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. […]

May 8, 2023

The commercial component, which includes offices, hotels, retail stores and warehouses, fell 8% in April, according to Dodge. The sluggish activity there caused the overall drop, according to the report. On the other hand, growth in healthcare and amusement projects […]

April 11, 2023

Several categories of commercial planning fell, led by a 29% and 11% decrease in the office and warehouse sectors, respectively. Overall commercial planning, which includes offices, retail, hotels and warehouses, dropped 6.6% in March. Institutional planning weakened too, as healthcare […]

March 8, 2023

Sarah Martin, Dodge’s associate director of forecasting, said despite the more challenging economic conditions, the new data tracks closely with past building cycles. “The continued elevation in the DMI should provide hope that construction activity will grow in 2024,” Martin […]

February 9, 2023

The commercial component of the DMI fell 10% in January, while the institutional component dropped 4.7%. On a year-over-year basis, the commercial component remains up 40%, while the institutional component remains 16% higher. At the same time, activity in healthcare […]

November 18, 2022

Disperse.io, a U.K.-based construction technology company with a platform that uses artificial intelligence to help project managers track work, capture data from building sites and make better project decisions, has launched a new product, Impulse, that highlights issues gleaned from […]

November 8, 2022

Demand for data center construction bolstered the commercial component of the momentum index over the past several months, according to Dodge. This time around, the commercial component increased 13% in October largely due to a jump in office and hotel […]

October 17, 2022

Demand for data center construction remains strong, but growing pains around the supply chain and inflation could mute the pace of building in the sector, said Reaves. The commercial component of the momentum index increased 2.9% in September largely due […]

June 21, 2021

BIM first entered the scene a few decades ago as a way to help teams better visualize completed projects, coordinate scheduling and finish work faster and more efficiently. It offered a new way to manage project information, strengthen design team […]

January 29, 2021

Jason D’Orlando, a North America vice president at Turner & Townsend, wrote the research article dealing with pharmaceutical construction delays and said that the “need for speed” causes some pharma companies to hurry through planning and to rely too much […]