1. Precast concrete tower honors victims of United Airlines Flight 93 (BD+C)
"The 93-foot-tall precast tower comprises 40 custom-made aluminum wind chimes, with each chime producing a distinct musical note. Together, these chimes create a set of “40 voices” to memorialize the 40 passengers and crew who lost their lives when the flight was hijacked by terrorists."
2. University of North Carolina Charlotte Academic Complex completes (BD+C)
"Upgrades began in 2015 and included improvements to the mechanical, electrical, and plumbing, the installation of a fire protection system, improvement to accessibility, the addition of interior finishes and exterior windows, and addressed minor building settlement."
3. Public and private nonresidential construction spending slumps in July (AGC)
"Construction spending in July totaled $1.36 trillion at a seasonally adjusted annual rate, a gain of 0.1% from June. A 1.2% drop in nonresidential spending nearly canceled out a 2.1% jump in residential spending, which was boosted by growth in both single-family (3.1%) and multifamily construction (4.9%)."
4. California unveils coronavirus testing plan that could speed school, business reopening (San Francisco Chronicle)
"California has entered into an agreement worth up to $1.7 billion with a company that could process tens of thousands of coronavirus tests per day as soon as November, a step that could help the state return more quickly to normal life, Gov. Gavin Newsom said Wednesday."
5. Real Estate Market Crash Unlikely, Experts Say (Commercial Property Executive)
"Economists are calling the pandemic-induced recession unique in several ways. Here’s how analysts expect the health crisis to change the real estate market."
Related Stories
Market Data | Mar 16, 2020
Grumman/Butkus Associates publishes 2019 edition of Hospital Benchmarking Survey
Report examines electricity, fossil fuel, water/sewer, and carbon footprint.
Market Data | Mar 12, 2020
New study from FMI and Autodesk finds construction organizations with the highest levels of trust perform twice as well on crucial business metrics
Higher levels of trust within organizations and across project teams correlate with increased profit margins, employee retention and repeat business that can all add up to millions of dollars of profitability annually.
Market Data | Mar 11, 2020
The global hotel construction pipeline hits record high at 2019 year-end
Projects currently under construction stand at a record 991 projects with 224,354 rooms.
Market Data | Mar 6, 2020
Construction employment increases by 43,000 in February and 223,000 over 12 months
Average hourly earnings in construction top private sector average by 9.9% as construction firms continue to boost pay and benefits in effort to attract and retain qualified hourly craft workers.
Market Data | Mar 4, 2020
Nonresidential construction spending attains all-time high in January
Private nonresidential spending rose 0.8% on a monthly basis and is up 0.5% compared to the same time last year.
Market Data | Feb 21, 2020
Construction contractor confidence remains steady
70% of contractors expect their sales to increase over the first half of 2020.
Market Data | Feb 20, 2020
U.S. multifamily market gains despite seasonal lull
The economy’s steady growth buoys prospects for continued strong performance.
Market Data | Feb 19, 2020
Architecture billings continue growth into 2020
Demand for design services increases across all building sectors.
Market Data | Feb 5, 2020
Construction employment increases in 211 out of 358 metro areas from December 2018 to 2019
Dallas-Plano-Irving, Texas and Kansas City have largest gains; New York City and Fairbanks, Alaska lag the most as labor shortages likely kept firms in many areas from adding even more workers.
Market Data | Feb 4, 2020
Construction spending dips in December as nonresidential losses offset housing pickup
Homebuilding strengthens but infrastructure and other nonresidential spending fades in recent months, reversing pattern in early 2019.
