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Industry News Grey

Construction Spending Gains Projected This Year, Expected to Stall in 2025
July 19, 2024

Spending on nonresidential buildings is projected to increase more than 7% this year, according to The American Institute of Architects mid-year Consensus Construction Forecast. The spending will slow to only 2% in 2025 as market challenges continue to impact the pace of growth. Construction spending, while continuing to increase, has seen the pace of growth slow so far this year, and this slowdown is expected to continue into 2025. Read more

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Acuity Brands Introduces Cell Connect Solution for Outdoor Lighting
July 18, 2024

Acuity Brands, Inc. (NYSE: AYI) introduces the Cell Connect™ solution into the AutoConnect™ family of outdoor luminaires from American Electric Lighting®. The solution includes D4i certified photocontrols from Ubicquia, embedded within Acuity Brands luminaires, which make use of control, asset management, and diagnostics capabilities. Read more

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