Press Releases

U.S. Construction Starts Fall Below Expectations in Q3

ATLANTA – U.S. construction starts came in slightly below expectations during the third quarter, with stronger activity in the civil engineering sector being more than offset by weaker growth in the residential and non-residential segments. Residential starts continued to post a healthy pace of annual growth, and the apparent weakness in the non-residential segment may be overstated due to upward revisions in historical data, according to CMD’s latest quarterly forecast report.

The Q4 forecast, which combines CMD’s proprietary data with macroeconomic factors, showed construction starts are expected to grow 6.8 percent in 2015, a little less than CMD’s Q3 prediction of 7.1%.

“Domestic activity is driving U.S. growth,” said Alex Carrick, CMD chief economist. “After a slow start in 2015, US GDP recovered strongly in Q2, and robust domestic activity is expected to drive growth over the next few years.”

According to the report, construction starts are expected to grow by 8.4 percent in 2016, as rising household incomes boost growth in the residential sector and stronger business investment elevates the non-residential sector. Only civil engineering construction is expected to slow from its heady pace in 2015.

“A good gain in U.S. construction starts in 2015 will accelerate in 2016 and 2017, before settling down in 2018,” stated Carrick. “Some moderation in engineering strength, which has been a mainstay of site-work lately, will be compensated by a pick-up in non-residential building activity. In residential, pent-up demand for new housing continues to accumulate and will soon need addressing.”

For more information about CMD, visit cmdgroup.com.

About CMD
CMD, the Innovation Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com.

Media Contact

Deborah Reale
Senior Manager, Social Networking
770.209.3372
deborah.reale@cmdgroup.com

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This includes extensive landscape work and renovations to the community center that will help CHGA provide support services such as job training, healthcare services and life skills development. “We are incredibly thankful to all the organizations who are coming together to help us on this project,” said John Riddall, board chair, CHGA. “AEC Cares has a lasting impact on every venture it undertakes, and we are excited for the opportunities the new improvements will provide for Covenant House Georgia.” CMD, AIA and Hanley Wood Media have joined forces the past five years, during AEC Cares’ annual build, to raise awareness and provide community support for worthwhile projects across the United States. In 2011, these groups collaborated to rebuild five homes devastated by Hurricane Katrina. Subsequent projects included revitalizing houses for homeless teens in Washington D.C. and renovating facilities for homeless, disabled veterans and adults in Denver. The most recent project involved transforming a 30-year-old former school building into a cheerful up-to-date daycare and early learning center for impoverished children in Chicago’s Southwest Side. “I’ve worked the AEC Cares events for the past four years, and each year I’m impressed with the level of dedication, resolve, and generosity shown by everyone involved,” said Brandy Koch, AIA, project architect with Ghafari Associates and project manager for AEC Cares. “We have pro bono designers and general contractors, as well as product manufacturers who donate money and building materials. CMD coordinates the entire effort, and of course none of it would happen without the volunteers who show up to help give back to their community.” To sponsor the AEC Cares project or to find additional information, visit aeccares.com. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com. About AEC Cares AEC Cares is a 501c3 not-for-profit corporation actively supported by CMD with the AIA and Hanley Wood, generous sponsors, donors and volunteers. Bringing together architects, contractors, manufacturers and industry professionals from across the United States and Canada, AEC Cares works to create positive change through meaningful projects that benefit a new community every year. To learn more about AEC Cares, visit aeccares.com. About Covenant House Founded in 1972 with the simple, profound mission to help homeless kids escape the streets, Covenant House today is the largest privately-funded charity in the Americas. Covenant House is dedicated to serving to homeless, abandoned, abused, trafficked and exploited youth with absolute respect and unconditional love—helping homeless children, and protecting and safeguarding all children in need. Covenant House Georgia is a full partner of Covenant House International. Visit the Covenant House Georgia website at covenanthousega.org to learn more about it.  
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    CMD, AIA and AGC Economic experts to discuss the status of the construction industry in complimentary webcast on April 30 ATLANTA, GA - CMD, one of the leading providers of construction information in North America, today announced its spring economic webcast, “Will Construction Pick Up the Pace or the Pieces?” The complimentary webcast will feature industry-leading chief economists Kermit Baker of The American Institute of Architects (AIA), Ken Simonson of The Associated General Contractors of America (AGC) and Alex Carrick of CMD and will take place at 2:30 p.m. EDT on April 30.  With construction activity increasing moderately, but unevenly, the webcast will reveal what economists in the construction industry expect in the months ahead. All three economists will take questions in the last half hour of the session. “U.S. employment is surging, energy prices are plummeting and the high-tech sector is spreading its influence everywhere,” said Alex Carrick, U.S. chief economist for CMD. “Cyclical improvement in the economy will stimulate on-site work, but owners contemplating investments are facing a new dilemma — whether to build square footage or conduct business over the internet. Expert help is needed to clear a path through the dramatic change underway in America’s construction landscape.” The webcast will cover numerous topics important to the construction industry including: • Areas expected to see the largest gains • Cities with the largest housing increases; areas still distressed • Multifamily versus single family spending • Construction employment gains and losses • Labor and materials prices • Categories accounting for the greatest spending To take part in the webcast, register here.. AIA members who attend the live broadcast will receive AIA CEU credit, and all registered participants can download the presentation slides and view the webcast archive. About The American Institute of Architects For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. Visit the AIA website at aia.org. About The Associated General Contractors of America The Associated General Contractors of America (AGC) is a national trade association, dedicated to furthering the ever-changing agenda of commercial construction contractors, improving job site safety, expanding the use of cutting-edge technologies and techniques, and strengthening the dialogue between contractors and owners. Founded in 1918, the AGC today represents more than 33,500 member firms, including 7,500 of America’s leading general contractors and over 13,000 specialty-contracting firms. Visit the AGC website at agc.org. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and services includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com.
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    Software Features Improved Speed, Flexibility to Make Identifying and Prioritizing Opportunities Easier ATLANTA, GA - CMD, one of the leading providers of construction information in North America, today announced upgrades to its Forecast, Analyze and Intelligent Leads products on the Insight Platform. The new version includes more flexible data exports, enhanced filtering capabilities and speed improvements for ease of use. “We continue to listen to our clients and use their feedback to secure Insight’s position as the industry’s leading construction project information service,” said Jennifer Johnson, CMD vice president of product and development. “This version of Insight includes several productivity enhancements that allow our clients to spend less time sifting through information, and more times chasing wins.” The Forecast product, which allows users to see a detailed view of construction activity, including historical data, current-year projections and a five-year forecast, is now more flexible. A new standard export option allows users to easily export data to Excel. By providing a file with a record for each data point, it’s now easier to analyze or import data into another system. Analyze, designed to allow users to track their specification share among competitors, now has better functionality for exporting and filtering data. Enhanced export allows users to transfer comparative intelligence based on matching project and company results, as well as export more records out of the system. Filtering upgrades allow users to filter and differentiate plans, specs and addenda to further refine searches for exact information. Leads, which provides users with information about commercial construction projects from inception to completion, is faster than ever with speed improvements to the initial login page and project details page. Additional upgrades include the ability to send projects to other Insight users with a personal note and email notification and to receive more frequent updates throughout the day. For more information or to purchase the Insight Platform, visit cmdgroup.com. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com.
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    Construction starts in the United States are expected to increase 10.5 percent in the coming year and 4.4 percent in Canada, according to CMD’s latest quarterly forecast report. Sustainable wage growth, increased business spending and an expanding manufacturing market are contributing to the strong forecast. The report, which combines CMD’s proprietary data with macroeconomic factors, showed a strong fourth quarter for the U.S. construction market, with total starts rising 5.9 percent in 2014. Slightly disappointing results in the residential market were offset by above-expected growth in civil engineering and non-residential building sectors. “The outlook for the U.S. economy continues to improve, and we are expecting increases in both business and consumer spending in the coming year,” said Alex Carrick, CMD chief economist. “Evidence of sustainable wage growth and falling inflation due to declines in oil prices should translate into growth in both residential and non-residential building construction.” According to the report, the demand for physical space for new manufacturing construction is on the rise as U.S. firms continue to re-shore their operations. Lured by low energy prices and a declining competitive advantage in developing countries (notably China), the U.S. has once again become an attractive destination for high value-added manufacturing. In the residential sector, multi-family residential starts remained relatively strong as millennials continue to choose high-rise apartments and condominiums in urban centers rather than suburban, single-family construction. Expectations for 2015 in Canada are relatively lower. Key drivers for growth in the construction market stem from a boost in demand as low oil prices feed consumer growth and business investment. The new long-term equilibrium oil price will squeeze the more technologically complex operations in Canada’s energy sector, potentially dampening new civil engineering projects. CMD customers will be able to access the new forecast models in the updated version of the Insight platform, which also includes improved features for exporting and utilizing the data. For more information or to purchase the Insight Platform, visit cmdgroup.com About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com.
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    The largest region of opportunity for growth in the HVAC industry is the Deep South, according to a new report from one of the leading construction data providers. CMD will release its HVAC Industry Report at the AHR Conference on Monday, Jan. 26, offering insight to professionals at the industry’s largest conference. According to the report, which can be picked up at CMD’s booth (#2357), the South is responsible for 37 percent of the available opportunities in the North American HVAC market. This fast-growing region of the United States offers many opportunities across the construction industry, and HVAC development is no exception. “Producers of HVAC equipment should be optimistic about their potential over the next couple of years,” said Alex Carrick, CMD chief economist. “Not only will they see ongoing cyclical improvements in construction, but there are trends within the various types-of-structure that will give them a boost as well, not only in the South, but across the North American landscape.” The report also notes the top three HVAC segments (education, medical and commercial offices) consume 53.3% of the overall market. Education alone makes up one quarter of the entire available market, and is also the fastest-growing segment. Currently, the biggest ticket HVAC sales items for manufacturers (furnaces, cooling units, etc.) are in high-rise structures. This lines up well with the trend in North America toward stronger multi-unit residential construction and mixed-use project starts. “The 2008-09 recession, with its accompanying tidal wave of foreclosures, rendered many individuals and families leery about undertaking a new single-family home purchase,” said Carrick. “Societal and demographic trends indicate stronger multi-unit residential construction starts relative to the single-family market segment, and that bodes well for the HVAC industry.” The HVAC Industry Report includes an in–depth analysis into these and other topics, including analysis of HVAC segments and regional spends, the top areas for growth and uncovering opportunities, and the areas where HVAC companies should be focusing resources next. Visit cmdgroup.com for the latest on trends in the construction industry. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com.
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    CMD, one of the leading providers of construction information in North America, AIA and Hanley Wood Media today announced a partnership with Children’s Restoration Network (CRN) and Atlanta Mayor Kasim Reed’s office to revitalize the Covenant House of Georgia (CHGA) for AEC Cares’ fifth annual “blitz build.” This year’s build, titled projectAtlanta, will unite construction professionals from around the country to renovate the inner-city Atlanta shelter on May 13, 2015, one day prior to the AIA National Convention at the Georgia World Congress Center. A crisis shelter for homeless and trafficked youth, the Covenant House opened its doors in 2000. Since that time, more than 15,000 youth have received support from the non-profit organization under the guiding principle of unconditional love and 24 hour care. “The Covenant House is ideal for AEC Cares’ annual project,” said Graeme McCracken, CEO of CMD, and board president, AEC Cares. “Working with Mayor Reed’s office, CRN, AIA, Hanley Wood Media and an incredible group of volunteers, we will be able to update and modernize the CHGA so youth can continue to live in a safe environment.” CMD, AIA and Hanley Wood Media have joined forces the past five years, during AEC Cares’ annual build, to raise awareness and provide community support for worthwhile projects across the United States.  In 2011, these groups collaborated to rebuild five homes devastated by Hurricane Katrina. Subsequent projects included revitalizing houses for homeless teens in Washington D.C. and renovating facilities for homeless, disabled veterans and adults in Denver. The most recent project involved transforming a 30-year-old former school building into a cheerful up-to-date daycare and early learning center for impoverished children in Chicago’s Southwest Side. “We’re incredibly thankful to be selected for AEC Cares’ annual project,” said John Riddall, board chair, CHGA. “AEC Cares has a lasting, positive impact on every project it undertakes and we look forward to the improvements planned for the Covenant House of Georgia.” To sponsor the AEC Cares project or to find additional information, visit www.AECcares.com. About CMDCMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com. About AEC CaresAEC Cares is a 501c3 not-for-profit corporation actively supported by CMD with the AIA and Hanley Wood, generous sponsors, donors and volunteers. Bringing together architects, contractors, manufacturers and industry professionals from across the United States and Canada, AEC Cares works to create positive change through meaningful projects that benefit a new community every year. To learn more about AEC Cares, visit www.AECcares.com. About Covenant House Founded in 1972 with the simple, profound mission to help homeless kids escape the streets, Covenant House today is the largest privately-funded charity in the Americas. Covenant House is dedicated to serving to homeless, abandoned, abused, trafficked and exploited youth with absolute respect and unconditional love—helping homeless children, and protecting and safeguarding all children in need. Covenant House Georgia is a full partner of Covenant House International. Visit the Covenant House Georgia website at www.covenanthousega.org/ to learn more about it.  
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    CMD, one of the leading providers of construction information in North America, and the American Institute of Architects (AIA) announced an agreement to offer a jointly-developed market analytics tool:  Insight for Architects. Strategic partners since 2008, the AIA and CMD continue to generate value for the more than 83,000 AIA members. “CMD is a highly-valued partner, and we are extremely pleased to collaborate with CMD for this new member benefit,” said AIA Chief Executive Officer, Robert Ivy, FAIA. “Insight for Architects offers our members important project-based intelligence that expands their network and business potential.” Insight for Architects gives AIA members instant access to hundreds of thousands of construction projects across the U.S., as well as market analytics. Architects can use Insight for Architects to view thousands of pre-bid projects, track desired projects, and stay alert to trends and forecasts. The new product is available exclusively to AIA members. The tool can be accessed at www.aia.org/cmd. CMD’s Chief Executive Officer, Graeme McCracken, added, “I’m excited to build upon our many years as the AIA’s Strategic Partner by offering resources members can use to grow their business and understand market dynamics. CMD’s technology and data, accessed through the Insight for Architects tool, will provide firms both large and small with a strategic view into new opportunities and the competitive landscape.” About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and services includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmdgroup.com. About The American Institute of Architects For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. Visit www.aia.org.  
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    CMD, one of the leading providers of construction information in North America, today announced upgrades to its Forecast, Analyze and Intelligent Leads products on the Insight Platform. The new version includes better defined projects and categories, faster performance and tracking, and enhanced key work search capability. “With new market comparison tools, the ability to hide projects and expanded search options, the Insight platform makes it simple for contractors and manufacturers to identify the best opportunities available in the market,” said CMD Senior Director, Product and Development Jennifer Johnson. “We believe the upgraded product provides truly actionable intelligence, and sets us even further ahead of other offerings.” Analyze, designed to allow users to track their specification share among competitors, is now even more in depth. Upgrades include the ability to perform comparative searches within CSI divisions, allowing for a better understanding of market share.  Analyze and Leads are now more closely integrated, enabling customers to execute strategies more quickly and efficiently. Leads, which provides users commercial construction projects from inception to completion, is easier to navigate than ever. Searchable plans and specs, predictive material demand and powerful alerts mean users can focus on leads that give them the best results. Additional upgrades include the ability to hide projects from view, so users do not have to sort through the same set of leads multiple times. In addition, educational projects are now categorized to incorporate better delineation of educational facilities. For more information or to purchase the Insight Platform, visit cmd.group.com About CMDCMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and technologies includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at cmd.group.com.  
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    CMD, one of the leading providers of construction information in North America, today announced the release of BidCity, the only mobile app that provides bid information about new, private projects. The construction app offers general contractors and sub-contractors the ability to view actionable project and company details complete with scope, bidder and participant contact information, address, project name and more. "There are plenty of apps that provide data about public projects, but BidCity is the only one that provides information about bid opportunities for private jobs," said Claire Stubblefield, senior product manager for CMD. "With CMD’s incredibly in-depth private information, BidCity offers a competitive advantage to any contractor that uses it." The app is ideal for the “always on the go” contractor looking to locate local construction projects within 25-30 miles of their business. Upon opening BidCity, contractors are able to view details about projects in their immediate vicinity and search by key categories, including retail, commercial, hospitality, health care projects and more. Other key features include the ability to: Easily pinpoint projects with map-based layout Filter search results by construction stage from bid to post-bid Save searches for easy access Access favorite projects using the ‘track projects’ feature BidCity is available for free download in the iTunes store and is compatible with iPhone, iPad and iPod touch. Access to bid data is $9.99 per month. For more information, visit cmdbidcity.com or CMDGroup.com. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and services includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at CMDGroup.com.
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    CMD, one of the leading providers of construction information in North America, today announced its sixth annual fall free economic webcast: "Is the Pace of Construction Investment Set to Quicken?," will take place from 2:30-4 p.m. EST on Nov. 20, 2014. The complimentary webcast will feature chief economists Kermit Baker of the AIA, Ken Simonson of the AGC of America and Alex Carrick of CMD.  With many anticipating growth and a generally positive outlook for construction next year, the webcast will reveal what economists inside the construction industry expect in the months ahead. All three economists will take questions from the audience in the last half hour. "By the end of 2014, the total number of jobs in the architectural and engineering design professions will recover to their pre-recession peak," stated Alex Carrick, U.S. chief economist for CMD. "The year-over-year employment gain in the sector has been a strong, plus 4 percent. This is good news for on-site activity levels, since new projects appear on drawing boards first." The webcast will cover numerous topics important to the construction industry including: Trends helping construction growth Mild material costs and the items most at risk of price spikes Labor shortages – widespread or isolated? Single-family homebuilding – picking up speed? Regions showing the strongest growth Risks and wild cards that can affect the upcoming season To take part in the webcast sponsored by Info Tech International LLC, register here. AIA members who attend the live broadcast will receive AIA CEU credit, and all who register can download the presentation slides and view the webcast archive. "We are excited to bring together this panel of economic thought leaders," stated Wendy McBay, senior director of marketing for CMD. "Their insights into the construction industry will benefit professionals seeking strategic direction for their business." About The American Institute of Architects For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. Members adhere to a code of ethics and professional conduct to ensure the highest standards in professional practice. Embracing their responsibility to serve society, AIA members engage civic and government leaders and the public in helping find needed solutions to pressing issues facing our communities, institutions, nation and world. Visit the AIA website at http://www.aia.org. About The AGC of America The Associated General Contractors of America (AGC) is a national trade association, dedicated to furthering the ever-changing agenda of commercial construction contractors, improving job site safety, expanding the use of cutting-edge technologies and techniques, and strengthening the dialogue between contractors and owners. Founded in 1918, the AGC today represents more than 33,500 member firms, including 7,500 of America’s leading general contractors and over 13,000 specialty-contracting firms. Visit the AGC website at www.agc.com. About CMD CMD, the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information. CMD’s diverse portfolio of innovative products and services includes national, regional and local project leads, marketing solutions and market intelligence to provide insight to construction industry professionals throughout the U.S. and Canada. Visit the CMD website at www.cmdgroup.com.
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