Volume 48, Issue 7- July 2013


ABI Shows Strong Rebound
Following the first reversal into negative territory in ten months in April, the Architecture Billings Index (ABI) bounced back in May, according to the latest report from the American Institute of Architects (AIA). The May ABI score was 52.9, up dramatically from a mark of 48.6 in April. This score reflects an increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.1, up slightly from the reading of 58.5 the previous month.

Dodge Momentum Index Up for Sixth Straight Month in May
The Dodge Momentum Index rose 3.6 percent in May from the previous month, according to McGraw Hill Construction. The Momentum Index has risen for six consecutive months, the longest period of increases since 2006, according to the latest report. The index now rests at 117.4 and is up 36 percent since May of 2012.

PPI Reports Flat Glass Prices See Slight Drop
Flat glass prices saw a slight decrease—just 0.9 percent—from March to April, according to the latest Producer Price Index (PPI) Report from the U.S. Labor Department. The index was listed at 115.8 for April, compared with 116.8 for March. The price of construction materials remained stable. The index was listed at 223.0 for March and 223.1 for April. Meanwhile, the latest import report from the BLS showed a decrease of 0.3 percent for import prices for glass and glassware from March to April. The export price remained stable from March to April.

Building Construction Employment Remains Stable
The number of building construction employees remained stable from April to May 2013 with a slight 0.1 percent decrease, according to the latest report from the Bureau of Labor Statistics (BLS). The BLS estimates that approximately 1.269 million (seasonally adjusted) were employed in building construction-related jobs in April 2013, compared with 1.268 million in May 2013. This represents a 0.3 -percent increase over last May, at which time approximately 1.234 million were employed in building construction-related jobs. On the nonresidential side, construction-related employment was down 0.4 percent from April to May—from 679,700 to 677,100. Year-to-year numbers, however, were up on the nonresidential side, with a 2.3-percent increase from 661,800 in May 2012 to 677,100 in May 2013.
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