The leading index for commercial real estate, as measured by the Dodge Momentum Index (DMI), saw a 5% decline in October 2024 from the preceding month, dropping to 197.2 from 208.2. Despite this monthly retreat, the DMI remains 13% higher than in October 2023, indicating strong year-over-year
The advent of intelligent building technology has revolutionized everything from homes to commercial buildings, factories, and warehouses. It has altered how large and small facilities are managed, primarily for the better. While "smart" building systems and BMS/EMS have been around for
A recent lawsuit has brought to light the challenges and complexities inherent in urban construction projects, specifically highlighting the prolonged and costly delays associated with the Julia M. Carson Transit Center. Indianapolis Public Transportation Corporation, commonly known as IndyGo, has
The United States is on the cusp of a solar energy revolution, driven by significant growth over the past decade and bolstered by recent federal legislation and sustainability initiatives. Advances in technology have dramatically reduced the costs associated with solar energy, making it an
The Federal Railroad Administration (FRA) has taken a significant step forward in enhancing the United States rail infrastructure through the allocation of $2.4 billion in grants. These grants are part of the Consolidated Rail Infrastructure and Safety Improvement (CRISI) Program, aimed at
Microsoft's $1 billion investment plan to build three data centers in central Ohio raises crucial questions about the future of technology infrastructure and its potential to reshape the regional economy. Unveiled by regional economic development group One Columbus on October 28, the project
With climate change contributing to unprecedented temperature rises, ensuring worker safety during extreme summer heat has become more critical than ever. According to recent data from the National Oceanic and Atmospheric Administration (NOAA), July 2023 was the hottest month on record. As
The recent analysis of U.S. Census Bureau data by the Associated Builders and Contractors (ABC) paints a detailed picture of the current state of the nonresidential construction sector, highlighting the critical role of federal infrastructure funding during a challenging economic period.
Election uncertainty has had a noticeable impact on construction activity leading up to the 2024 presidential race. Business owners' anxiety is at an all-time high, influencing key sectors such as private construction, while public sector projects remain somewhat insulated from these concerns
The construction sector in the United States is currently navigating a landscape marked by inflation, labor shortages, and fluctuating interest rates, challenges that would be daunting for any industry. Despite these economic hurdles, leaders from major firms such as Shawmut, Granite, and JE Dunn
