Will BIM Become the Standard in the USA?

Construction projects around the world have been, and are continually being revolutionized by the techniques of Building Information Management, or BIM. The benefits of BIM in the realms of architecture, engineering, and construction are multifaceted, from improvements in speed and efficiency to reducing materials wasted and increasing safety. Thes...
Continue reading
0
  1777 Hits
  1 Comment
Tags:
nacmblog
Tweet
Recent comment in this post
Alyssa Lauren
Nice to see the details regarding the Building Information Management shared ecommerce image editing service here. The news said t... Read More
Wednesday, 07 April 2021 18:32
1777 Hits
1 Comment

Construction Jobs Take a Hit in January

The construction industry took a hit in January after losing 3,000 jobs on net, which Associated Builders and Contractors (ABC) Chief Economist Anirban Basu likened to "the damage to many state and local government balance sheets." Despite the setback last month, ABC said the construction industry added 857,000 jobs over the past nine months and re...
Continue reading
0
  1894 Hits
  0 Comments
Tags:
nacmblog
Tweet
1894 Hits
0 Comments

Promising End to 2020 Housing Starts Don’t Guarantee 2021 Success

The construction industry ended 2020 on relatively good terms, specifically in regards to housing starts. Despite the hit to the multifamily sector—which decreased 13.6% in December—the National Association of Home Builders (NAHB) reported that gains in single-family housing starts led to an increase in overall housing starts of nearly 6%.Acco...
Continue reading
0
  2595 Hits
  0 Comments
Tags:
nacmblog
Tweet
2595 Hits
0 Comments

Rise in Nonresidential Construction Input Prices Raise Concerns

Construction input prices remained relatively low during the latter half of 2020, but December's nearly 2% increase in pricing has nonresidential contractors concerned.Nonresidential construction input prices were the cause behind the unexpected increase, with a annual change of 2.7%, according to Associated Builders and Contractors (ABC)...
Continue reading
0
  2544 Hits
  0 Comments
Tags:
nacmblog
Tweet
2544 Hits
0 Comments

Construction Industry Ends 2020 with an Uptick in Jobs

The construction industry ended 2020 on a positive note with the addition of 51,000 net new jobs in December and a recovery of more than 79% of construction jobs lost since the pandemic struck the U.S. Nonresidential construction employment was behind the industry's gain, adding 29,000 net jobs.According to Associated Builders and Contractors (ABC)...
Continue reading
0
  2215 Hits
  0 Comments
Tags:
nacmblog
Tweet
2215 Hits
0 Comments

Congress Closing in on Additional COVID-19 Relief

As of the morning of Dec. 17, Congress has yet to reach a final deal on the next COVID-19 relief package and omnibus government funding bill, but leadership worked through the night and has reportedly made significant progress. All signs point to a deal on Friday or over the weekend, averting a government shutdown and providing some COVID-19 relief...
Continue reading
0
  3064 Hits
  0 Comments
Tags:
nacmblog
Tweet
3064 Hits
0 Comments

Steady Construction Input Prices Could Change in 2021

Contractors saw a 0.5% decline in construction input prices in November, a slight increase over the prior year. Although Associated Builders and Contractors (ABC) Chief Economist Anirban Basu described the price drop as "a natural growth of a strong economic rebound," there's still a possibility of a resurgence in prices next year.Softwood lumber w...
Continue reading
0
  2751 Hits
  0 Comments
Tags:
nacmblog
Tweet
2751 Hits
0 Comments

Dodge Momentum Index Falls in November

The Dodge Momentum Index (DMI) saw a slight step back in November, the second straight month with a decline. The Momentum Index from Dodge Data & Analytics, which measures nonresidential building projects at their first reporting, fell 2.6%."Uncertainty over the potential for further federal stimulus has significantly complicated the recovery a...
Continue reading
0
  2833 Hits
  0 Comments
Tags:
nacmblog
Tweet
2833 Hits
0 Comments

Nonresidential Construction Adds More Jobs

The construction industry is likely to see a slowdown in the coming winter months, but a promising start was shown in November in part by the addition of 27,000 net new jobs. According to Associated Builders and Contractors' (ABC) analysis of U.S. Bureau of Labor Statistics data, the latest round of new jobs brings the industry's new added job tota...
Continue reading
0
  2793 Hits
  0 Comments
Tags:
nacmblog
Tweet
2793 Hits
0 Comments

Existing-Home Sales Increase in October

Existing-home sales continue to climb as housing inventory dwindles in the U.S. For the fifth straight month, sales increased in October, according to the National Association of Realtors. The seasonally adjusted rate of 6.85 million is 4.3% ahead of September, 26.6% above October 2019 and at its highest pace in 14 years. "The surge in sales in rec...
Continue reading
0
  2921 Hits
  0 Comments
Tags:
nacmblog
Tweet
2921 Hits
0 Comments

Winter Slowdown-Pandemic Combo a New Hurdle for Construction

Winter is coming and that means the inevitable slowdown in construction is not far behind. Depending upon specialties, some construction companies fare better than others during the winter months, but slight declines in overall business are common during the industry's offseason. What remains uncharted territory for many in the sector is the combin...
Continue reading
0
  2678 Hits
  0 Comments
Tags:
nacmblog
Tweet
2678 Hits
0 Comments

Construction Input Prices 'Virtually Unchanged' in October

The common proverb, "No news is good news," rang true for the construction industry last month after the U.S. Bureau of Labor Statistics' Producer Price Index found input prices were "virtually unchanged," according to Associated Builders and Contractors (ABC). Although construction input prices increased just over 1% in October year over year (YOY...
Continue reading
0
  3001 Hits
  0 Comments
Tags:
nacmblog
Tweet
3001 Hits
0 Comments

Dodge Momentum Index Sees First Decline Since Summer

The Dodge Momentum Index saw a slight slip in October, falling for the first time since June. The Index declined 1.8%, according to Dodge Data & Analytics. The Momentum Index measures the initial report of nonresidential projects in planning, which has been an indicator for nonresidential construction spending."Economic growth has slowed over t...
Continue reading
0
  3116 Hits
  0 Comments
Tags:
nacmblog
Tweet
3116 Hits
0 Comments

Construction Unemployment Makes Strands in October, But Still Needs Work

October proved to be another successful month for the construction industry, adding 84,000 net new jobs and bringing the sector's unemployment rate to 6.8%. According to Associated Builders and Contractors (ABC), the industry has fared well over the past six months with a 73% recovery of jobs lost during the early days of COVID-19. Analysts say non...
Continue reading
0
  3179 Hits
  0 Comments
Tags:
nacmblog
Tweet
3179 Hits
0 Comments

Construction Spending Slows, Still Increases in September

Construction spending continued to increase in September, but outlays have slowed slightly. Total construction spending increased 0.3% in September compared to August, according to this week's release from the Census Bureau. Spending is also above September 2019 by 1.5%. However, the improvement slowed from August 2020 when spending increased by 0....
Continue reading
0
  2933 Hits
  0 Comments
Tags:
nacmblog
Tweet
2933 Hits
0 Comments

Price of Softwood Lumber, Natural Gas Increase By Double-Digit Percentages in September

September brought about an increase in construction input prices in large part due to the rising cost of softwood lumber, which has become 80% more costly than in September 2019. In Associated Builders and Contractors' (ABC) latest analysis of U.S. Bureau of Labor Statistics' data, September 2020's Producer Price Index revealed construction input p...
Continue reading
0
  3340 Hits
  0 Comments
Tags:
nacmblog
Tweet
3340 Hits
0 Comments

September Existing-Home Sales Skyrocket

Existing-home sales continued surge in September, but the demand is outweighing the supply. Sales jumped 9.4%, according to the National Association of Realtors. Each of the four regions also saw increases month to month and year to year. "Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we nor...
Continue reading
0
  3252 Hits
  0 Comments
Tags:
nacmblog
Tweet
3252 Hits
0 Comments

Retail Sales Climb Higher Than Expected

Retail sales are on the rise again, and sales are faring better than expected. According to the Census Bureau, U.S. retail and food services sales in September increased 1.9% from August. Data is also 5.4% higher than September 2019. Sales between July and September 2020 were ahead 3.6% compared to the same period in 2019.Across the board, sales im...
Continue reading
0
  3734 Hits
  0 Comments
Tags:
nacmblog
Tweet
3734 Hits
0 Comments

Construction Industry Concerned Over Pandemic’s Long-Term Impacts

Eight months into the pandemic, construction professionals are raising concerns over potential long-term impacts leading into the coming year. Associated Builders and Contractors' Construction Executive magazine recently conducted a survey highlighting the top concerns, including "supply chain disruptions, prolonged municipal permitting processes a...
Continue reading
0
  3465 Hits
  0 Comments
Tags:
nacmblog
Tweet
3465 Hits
0 Comments

Dodge Momentum Index Increases in September

The Dodge Momentum Index is on the rise again after a 3.7% increase in September. The nonresidential construction spending indicator from Dodge Data & Analytics saw both the commercial and institutional components improve as well. The Index measures the initial report of nonresidential building projects in planning. The commercial aspect increa...
Continue reading
0
  4414 Hits
  0 Comments
Tags:
nacmblog
Tweet
4414 Hits
0 Comments
    Previous    
1 2 3 4 5 6 7 8 9 10