1. College programs help prepare students for careers in the construction industry (BD+C)
"For more than a decade, John Klein has been toggling between academia and the construction industry. His new company, Generate, traces its roots to Massachusetts Institute of Technology (MIT), where for more than six years Klein was a teacher and research investigator. Generate exemplifies how universities have been coming down from their ivory towers to nurture ideas that catalyze practical solutions for the built environment."
2. The U.S. Hotel Construction pipeline continued to expand year-over-year despite COVID-19 in the first quarter of 2020 (BD+C)
"Many open or temporarily closed hotels have already begun or are in the planning stages of renovating and repositioning their assets while occupancy is low or non-existent."
3. New York City tightens restrictions on construction during pandemic (BD+C)
"The department issued more than 100 violations and stop-work orders for noncompliance with the construction ban as of April 2. For the most part, though, compliance has been the rule. More than 99% of nonessential construction sites have shut down or are in the process of doing so, the department says."
4. FMI’s Outlook Preview & CIRT Current Issues Survey: Second Quarter 2020 (FMI)
"FMI’s Q2 forecast revisions will exhibit lower construction put in place spending levels. Extended economic disruptions are anticipated
due to ongoing regulation/work from home provisions, unemployment and troubles in the O&G industry. Across the U.S., the Northeast will experience the largest and broadest near-term construction declines, followed by economic pockets of the West and South."
5. A National Movement to Cancel the May Rent Takes Shape (CityLab)
"A campaign dubbed Our Homes, Our Health is pressuring lawmakers to suspend rent and mortgage payments nationwide during the coronavirus crisis."
Related Stories
Market Data | Nov 12, 2018
Leading hotel markets in the U.S. construction pipeline
Projects already under construction and those scheduled to start construction in the next 12 months, combined, have a total of 3,782 projects/213,798 rooms and are at cyclical highs.
Market Data | Nov 6, 2018
Unflagging national office market enjoys economic tailwinds
Stable vacancy helped push asking rents 4% higher in third quarter.
Market Data | Nov 2, 2018
Nonresidential spending retains momentum in September, up 8.9% year over year
Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September.
Market Data | Oct 30, 2018
Construction projects planned and ongoing by world’s megacities valued at $4.2trn
The report states that Dubai tops the list with total project values amounting to US$374.2bn.
Market Data | Oct 26, 2018
Nonresidential fixed investment returns to earth in Q3
Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.
Market Data | Oct 24, 2018
Architecture firm billings slow but remain positive in September
Billings growth slows but is stable across sectors.
Market Data | Oct 19, 2018
New York’s five-year construction spending boom could be slowing over the next two years
Nonresidential building could still add more than 90 million sf through 2020.
Market Data | Oct 8, 2018
Global construction set to rise to US$12.9 trillion by 2022, driven by Asia Pacific, Africa and the Middle East
The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.
Market Data | Sep 25, 2018
Contractors remain upbeat in Q2, according to ABC’s latest Construction Confidence Index
More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.
Market Data | Sep 24, 2018
Hotel construction pipeline reaches record highs
There are 5,988 projects/1,133,017 rooms currently under construction worldwide.