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ACEC Research Institute Economic Report Optimistic About Future
Jon Gray, chief economist of the ACEC Research Institute, and Joe Bates, a research consultant for the institute, introduced their optimistic industry-wide economic assessment and forecast for 2022 to a Fall Conference audience.
White House Action Plan to Accelerate Infrastructure Highlights ACEC Research Institute Study
Washington, DC – Today, American Council of Engineering Companies (ACEC) Board Chair Art Barrett joined infrastructure leaders at the White House for the Accelerating Infrastructure Summit to discuss efficient implementation of the Bipartisan Infrastructure Law.
Participants included White House Infrastructure Coordinator Mitch Landrieu, U.S. Department of Transportation Secretary Pete Buttigieg, Environmental Protection Agency Administrator Michael Regan, Assistant Secretary of the Army for Civil Works Michael Connor, and AASHTO President Shawn Wilson, Ph.D.
The Private Market and Economic Outlook - October 2022
The latest Construction Put in Place numbers were released by the U.S. Census Bureau on October 3, 2022, covering data design and construction spending for both private and public sectors. For August 2022, total design and construction spending was up year-over-year by 8.5%, compared to the same month last year. Private residential spending continues to be up by 12.5%, private non-residential is up 5.5% and public spending is up 3.3% (based on seasonally adjusted data)
ACEC Releases Fall 2022 Private Industry Brief – Commercial & Residential Real Estate
Design and construction spending for single-family and multifamily residential markets in the U.S. is projected to reach a combined $602 billion, up 38% year-over-year, according to FMI. The residential markets is expected to drive construction spending through 2022 and the overall industry outlook remains positive for H2 2022.
ACEC Welcomes ACEC Colorado to Washington, DC
ACEC National welcomed a delegation from our friends at ACEC Colorado this week at our townhouse on Capitol Hill.
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Brown and Caldwell announce Euan Finlay has been promoted from senior vice president to chief operating officer (COO), effective immediately. A senior executive with 25 years of experience, Finlay excels in leading organizations and teams to deliver excellence to clients while driving sustainable growth.
VHB welcomes Meghan Powell as Director of Transit and Rail for the Mid-Atlantic region. In this role, Powell will carve a path forward for VHB's Transit and Rail service line by strategically leading the development and implementation of its growth strategy.
Brown and Caldwell today announced Vice President Dr. Kati Bell has been appointed a fellow of the UC Irvine Water-Energy Nexus Center (WEX Center).
The WEX Center promotes fundamental and applied research at the water-energy nexus in partnership with industry. Its research focuses on all dimensions of power/energy use and efficiency in the water processing sector, including extraction, treatment, conveyance, reclamation, and reuse.
Indicators
Engineering Employment
1,603,500 (February)
1,599,100 (January)
Construction Spending
$1,677,200,000 (January)
$1,655,800,000 (December)
Dodge Momentum Index
158.2 (February)
151.7 (January))
Morrissey Goodale U.S. M&A Index
425 Deals—Up 33 percent year-over-year
AIA Billings Index
51.0 (January)
51.0 (December)
Engineering Career Opportunities
