The Architecture Billings Index from the American Institute of Architects rose above 50 in October for the first time in 20 months, indicating an increase in billings. “Billings finally stabilized this month, and firms are feeling more optimistic about revenue projections for 2025,” said Kermit Baker, chief economist at the AIA.

Hurricane Milton’s destructive winds caused significant structural damage across Florida, particularly in Tampa and St. Petersburg. A construction crane collapsed into the Tampa Bay Times building, leaving a gaping hole in its side, while winds also tore off Tropicana Field’s roof.

Construction sector employment rose by 25,000 jobs in September as both nonresidential and residential contractors added workers at a faster clip than other industries, according to an analysis of new government data the Associated General Contractors of America released Oct. 4.

The Federal Reserve’s 0.5-percentage-point rate cut was welcomed across the construction industry as a likely harbinger of further cuts to encourage more projects. It will take time for the easier interest-rate environment to manifest in lower loan rates, but developers are expected to respond heading into the new year, industry professionals agree.

The nation’s failure to invest in construction workforce education and training programs is having a real, measurable impact on the country’s ability to build infrastructure and other construction projects, according to the results of a workforce survey conducted by the Associated General Contractors of America and Arcoro, the leading HR technology company supporting the construction industry.

Construction employment increased in 224 of 358 metro areas between December 2022 and December 2023, according to an analysis by the Associated General Contractors of America of new government employment data.

Simformotion has introduced Cat Simulators Collaborative Worksite Training, which lets as many as nine users simultaneously operate virtual excavators, dozers and trucks. The program aims to enhance teamwork and efficiency on job sites by letting operators practice without the risk of injury or equipment damage.

The construction industry added 11,000 jobs in January despite bouts of exceptionally cold or stormy weather that delayed projects in numerous regions, according to an analysis of new government data the Associated General Contractors of America released on Feb. 2.

Total construction spending increased by 0.9 percent in December and 13.9 percent year-over-year, as gains in residential and public segments offset mixed results among private nonresidential markets, according to an analysis of federal spending data the Associated General Contractors of America released Feb. 1.