The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

Information from the American Institute of Architects (AIA) shows that architecture firms reported increasing demand for design services in June, according to the Architectural Billings Index (ABI). The ABI score for June was 53.2, which is down slightly from May’s score of 53.5. It still indicates moderately strong business conditions overall, as any score above […]

In a proclamation posted to the White House press page at the end of April, President Biden declared May National Building Safety Month, saying that it allows the government to “renew our commitment to strengthening our buildings so that all Americans are safe.” Referencing recent building tragedies such as the Surfside condominium collapse, President Biden […]