Industry News archived by year:
July 22, 2010
Negative Conditions Persist in Architecture Billings Index
Washington, D.C. – July 21, 2010 – There was a negligible increase in the Architecture Billings Index (ABI) last month. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between...
July 15, 2010
HOMES SHRINKING
After three decades of expansion, the average size of a new home is down more than 80 square feet from the peak of 2,521 square feet in 2007. In 1973, the typical single family home was a modest 1,600 square foot, one story ranch. New single family homes...
July 1, 2010
Turner Building Cost Index Shows a 13.16% Decline from Peak in 2008
Turner Construction Company announced that the Second Quarter 2010 Turner Building Cost Index continues to show declining costs in the non-residential building construction market in the United States. The Turner Building Cost Index is forecasting a...
July 1, 2010
May Housing Starts
U.S. May housing starts (released June 16) fell 10% to 593,000 units (SAAR). Total single family starts sank 17.2% to 468,000 units, while multi-family rose 33%. Total U.S. permits, an indicator of future construction, declined almost 6% to 574,000...