1. IoT system helps contractors keep their distance on the jobsite (BD+C)
"Many contractors are asking themselves how social distancing can be executed practically on jobsites so their workers can operate safely. As expected, products are starting to emerge that address these concerns."
2. Multifamily market flattens as construction proposal activity sinks (The Jagg Group)
"Multifamily has consistently been one of the strongest performers among 58 submarkets measured in PSMJ Resources’ quarterly survey."
3. Is there a way to test for Covid-19 without PPE? (Shepley Bulfinch)
"We reimagined a premanufactured inflatable structure, shaped like a bubble and intended for pool covering, as a testing booth. The “Bubble” consists of fiber-reinforced vinyl, which acts as a protective layer, fully separating healthcare workers who are inside the structure administering the tests, from those being tested, who stand outside," writes Luke Voiland, AIA.
4. U.S. strip mall owners paid less than half of April rent (Financial Times via National Real Estate Investor)
“Commercial property researchers at Green Street Advisors told clients this weekend that strip mall landlords have been paid only between 30 percent and 50 percent of April rent, highlighting the scale of the disruption to real estate caused by the coronavirus shutdown."
5. Federal Reserve Announces New Lending Programs (AGC)
"On April 9, the Federal Reserve announced additional actions that include a new mid-sized lending program coming out of the Economic Stabilization Fund, as provided for in the CARES Act. The Fed created two new lending programs for businesses – the Main Street New Loan Facility and the Main Street Expanded Loan Facility."
Related Stories
Market Data | Sep 21, 2018
JLL fit out report portrays a hot but tenant-favorable office market
This year’s analysis draws from 2,800 projects.
Market Data | Sep 21, 2018
Mid-year forecast: No end in sight for growth cycle
The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction spending in 2018.
Market Data | Sep 19, 2018
August architecture firm billings rebound as building investment spurt continues
Southern region, multifamily residential sector lead growth.
Market Data | Sep 18, 2018
Altus Group report reveals shifts in trade policy, technology, and financing are disrupting global real estate development industry
International trade uncertainty, widespread construction skills shortage creating perfect storm for escalating project costs; property development leaders split on potential impact of emerging technologies.
Market Data | Sep 17, 2018
ABC’s Construction Backlog Indicator hits a new high in second quarter of 2018
Backlog is up 12.2% from the first quarter and 14% compared to the same time last year.
Market Data | Sep 12, 2018
Construction material prices fall in August
Softwood lumber prices plummeted 9.6% in August yet are up 5% on a yearly basis (down from a 19.5% increase year-over-year in July).
Market Data | Sep 7, 2018
Safety risks in commercial construction industry exacerbated by workforce shortages
The report revealed 88% of contractors expect to feel at least a moderate impact from the workforce shortages in the next three years.
Market Data | Sep 5, 2018
Public nonresidential construction up in July
Private nonresidential spending fell 1% in July, while public nonresidential spending expanded 0.7%.
Market Data | Aug 30, 2018
Construction in ASEAN region to grow by over 6% annually over next five years
Although there are disparities in the pace of growth in construction output among the ASEAN member states, the region’s construction industry as a whole will grow by 6.1% on an annual average basis in the next five years.