2024 starts with a dip in architecture billings, but holds promise. The ABI score of 46.2 indicates a slight decline from 46.5 as of last month, yet signs of improvement emerge. Despite weak conditions, inquiries for new projects are up and design contracts hold steady. ABI, or Architecture Billings Index, is a crucial construction indicator, guiding decisions in the industry. A score above 50 signals growth. #ArchitectureNews #IndustryTrends #MetalFabrication Source: Metal Architecture https://lnkd.in/egvuf9rz
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🏗️✨ A look back at the month of May: Architecture firms nationwide navigated soft business conditions with decreased billings and cautious client spending, despite improving economic indicators elsewhere. Despite these challenges, there were positive trends in employment and economic activity in other sectors. What this means for us: While navigating these challenges, our focus remains on innovating to meet your architectural and fabricating needs with creativity and reliability. Your projects are our priority as we build towards a brighter future. Source: https://lnkd.in/emuyV8GP
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Fresh off the press and crafted to weather any storm. The perfect gutters.
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Another Audi project wrapped under our belt! Audi of Newton's new exterior is now complete, covered in over 3,800 square feet of our ECONECT-RS Exposed systems in Arconic Architectural Products Arconic Reynobond’s Silversmith finish. Located conveniently just around the corner from Volkswagen World, it stands in a stunning location.
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Recent data from the Engineering and Construction Cost Indicator reveals a continued upward trend in engineering and construction costs, despite a slight decrease in June. The overall indicator remains above the neutral threshold, indicating ongoing price increases in the sector. While materials and equipment costs showed a noticeable softening, prices continued to rise for transformers and electrical equipment. Subcontractor labor costs remained stable, reflecting a tight labor market with expectations for continued pressure. This image features our 55 Union project located in Newark, NJ, utilizing over 66,000 square feet of our ECONECT-RS systems. Source: https://lnkd.in/e5XXKaB8
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Happy Independence Day from all of us at Fairfield Metal! We look forward to seeing you all back on Monday. Wishing everyone a safe and enjoyable 4th of July! 🇺🇸
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April saw continued declines in architecture firm billings across the board, with the AIA/Deltek Architecture Billings Index of 48.3 reflecting ongoing challenges. Continued high interest rates are making it difficult to move forward with some projects, and clients remain cautious amidst economic uncertainties. The Northeast ranks among the top two regions with a score of 45.9, second only to the West at 47.8. Commercial construction maintains its position as the leading sector within the index. Although still below 50, project inquiries are on the rise compared to last month, indicating cautious optimism among clients. Our focus remains on adapting to market conditions and delivering quality metal fabrication solutions. #IndustryUpdate #MetalFabrication #EconomicTrends Read full article here: https://lnkd.in/ezK2ZJJR
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Sample Friday! Here’s a sneak peek at a custom metal coping sample we've crafted for our client.
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161 Van Wagenen Ave. in Jersey City now houses MetroVue — a new rental living space featuring 124 housing units and countless amenities. The exterior is clad in over 9,000 SQFT of our ECONECT-RS Exposed panel systems in Alucobond; 3A Composites USA Inc 3A Composites Architecture and Design Epernay Champagne Metallic. The building's stepped terrace design on two corners is a striking architectural feature. A great example of defying conventional form while optimizing space utilization.
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The US Green Building Council is expanding efforts to promote the visibility and sustainability of green building practices. New team additions emphasize energy efficiency and decarbonization, reinforcing their commitment to transforming the built environment. Embracing sustainability and contributing to a greener tomorrow are crucial for future generations. Let's all make smarter choices that benefit our planet. Read more at: https://lnkd.in/gKQK_Ryz
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Crafting your perfect project starts with the right metal choice. Contact us today to explore our custom sheet metal solutions and more!
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