Fewer Architecture Billings in September May Hint at Subdued Construction Spending Next Year

Oct. 20, 2016

The Architecture Billings Index (ABI) was down again in September, marking the second time since the summer of 2012. The index is a leading economic indicator of construction activity and reflects a roughly nine-to-12-month lead time between architecture billings and construction spending, according to the American Institute of Architects (AIA).

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Single-family Permits Grew Rapidly In September as Starts Dropped

Oct. 19, 2016

Building permits for private housing in September surged 6.3% from August to 1.22 million and is 8.5% higher than the number of permits authorized in September 2015, according the latest release from the Commerce Department.

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Builder Confidence Drops in October, but Remains High for the Year

Oct. 18, 2016

Builder confidence for new single-family houses fell slightly in October, but stayed in positive territory, as the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) decreased two points from the prior month to a reading of 63.

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Natural Gas, Crude Petroleum Price Increases Impact Nonresidential, Overall Construction Prices

Oct. 17, 2016

Nonresidential and overall construction input prices ticked up in September, buoyed by rebounding natural gas and crude petroleum price increases. According to an analysis of U.S. Bureau of Labor Statistics’ (BLS) Producer Price Index data by Associated Builders and Contractors (ABC), nonresidential input prices increased 0.3% in September from August, while overall construction prices increased 0.3% on the month, after declining by 0.2% in August.

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Watch for Unlicensed Contractors as Repairs Commence Following Hurricane Matthew

Oct. 13, 2016

As initial damage estimates for insured commercial and residential properties following the aftermath of Hurricane Matthew range between $4 billion and $6 billion, credit managers need to ensure that their clients have up-to-date contracting licenses. Not having these in place can impact the company’s bottom line and increase bad debt write-offs.

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Contractors’ Confidence for Sales and Profit Margins Declines, but Remains in Growth Territory

Oct. 13, 2016

Contractor’s hopes for sales and profit margins to improve over the next six months have dipped, while expectations for the nonresidential construction recovery held firm, according to the Associated Builders and Contractors’ (ABC) Construction Confidence Index (CCI). According to the CCI, readings over 50 indicate growth.

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P3 Projects Gone Bad Show Importance of Securing Payment, Evaluating Credit Risk of Clients

Oct. 11, 2016

Two recent cases involving financially distressed public-private-partnership (P3) projects to build and maintain roadways in Indiana and Texas highlight the need for suppliers to evaluate the credit risks of their clients and secure their rights to payment whenever and however possible.

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Roundup: World Bank Benchmarks P3 Practices, States Show P3 Evolution

Oct. 7, 2016

If countries around the world want to improve their public-private partnership (P3) performance, they’ll need to start with a transparent information system to monitor and manage P3 contracts. That’s one of several key recommendations from the World Bank Group on how worldwide economies can better P3s operating within their borders, according to a recent report, Benchmarking PPP Procurement 2017.

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Construction Rebound has Contributed to Increased Architecture Billings

Oct. 6, 2016

As the workload has increased and net billings at U.S. architecture firms have nearly recovered to their pre-Great Recession levels to some $28.4 billion, the recent rebound in construction activity has also changed the composition of project activity.

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Construction Spending Drops in August in Both Public and Private Sectors

Oct. 3, 2016

Overall construction spending was down in August, month-over-month, by 0.7% to $1.14 trillion, led by declines in the public construction sector, according the latest figures by the Commerce Department.

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