October 24, 2008
Guide Addresses Financing for EnergySmart Schools
The U.S. Department of Energy (DOE) and the EnergySmart Schools program have released a new Guide to Financing EnergySmart Schools . The guide addresses perceived and real financial barriers associated with construction of new high-performance...
October 20, 2008
September US Housing Starts
September housing starts slipped 6.3% to 817,000 (SAAR). Nationally, single family starts slid 12% to 544,000 (SAAR), while the multi-family sector decreased by 16.4%. Regionally, starts contracted in the Northeast (-20.9) and West (-16.8). The South...
October 19, 2008
Construction Market Will Continue to Slide in 2009
McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), today released its 2009 Construction Outlook, which forecasts a drop in overall U.S. construction starts for next year, as the tough funding environment continues, construction...
October 14, 2008
Year-to-Date Construction Starts Through September 08
Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through September 2008, excluding residential contracts, totaled $221.3 billion, a 2.8% drop versus the same period last year. Summer-quarter starts were 5.9%...
October 8, 2008
ABI Falls More Than 6 Points
Following three consecutive months of signs of greater stability in design activity, the Architecture Billings Index (ABI) fell precipitously, dropping more than six points. As a leading economic indicator of construction activity, the ABI shows an...
October 3, 2008
AIA Calls on Congress to Extend Expiring Tax Incentives for Energy Efficiency
With Congress poised to leave Washington for the year having failed to extend vital tax incentives for energy efficiency, the American Institute of Architects (AIA) urges Congressional leadership to pass legislation that will ensure that these federal...
October 1, 2008
Increasing Project Delays and Cancellations in the Nonresidential Market
In its Nonresidential Construction Index (NRCI) for the third quarter, 2008, FMI reports that contractors were experiencing increasing project delays and cancellations due to owner financing difficulties. Sixty-five percent of construction industry...