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 | Jan 12, 2018
Construction input prices inch down in December, Up YOY despite low inflation
Energy prices have been more volatile lately.
Market Data | Jan 4, 2018
Nonresidential construction spending ticks higher in November, down year-over-year
Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016.
Contractors | Jan 4, 2018
Construction spending in a ‘mature’ period of incremental growth
Labor shortages are spiking wages. Materials costs are rising, too.
Market Data | Dec 20, 2017
Architecture billings upturn shows broad strength
The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month.
Market Data | Dec 14, 2017
ABC chief economist predicts stable 2018 construction economy
There are risks to the 2018 outlook as a number of potential cost increases could come into play.
Market Data | Dec 13, 2017
Top world regions and markets in the global hotel construction pipeline
The top world region by project count is North America.
Market Data | Dec 11, 2017
Global hotel construction pipeline is growing
The Total Pipeline stands at 12,427 Projects/2,084,940 Rooms.
Market Data | Dec 11, 2017
Construction backlog surges, sets record in third quarter
CBI is a leading economic indicator that reflects the amount of construction work under contract, but not yet completed.
Market Data | Dec 7, 2017
Buoyed by healthy economy, ABC Index finds contractors upbeat
Despite rising construction labor and materials costs, 55% of contractors expect their profit margins to expand in the first half of 2018.
Market Data | Dec 5, 2017
Top health systems engaged in $21 billion of U.S. construction projects
Largest active projects are by Sutter Health, New York Presbyterian, and Scripps Health.
