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5 must reads for the AEC industry today: September 2, 2020

Market Data

5 must reads for the AEC industry today: September 2, 2020

Precast concrete tower honors United AIrlines Flight 93 victims and public and private nonresidential construction spending slumps.


By BD+C Editors | September 2, 2020


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."

 

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Nonresidential spending expands again in February

Private nonresidential spending fell 0.5% for the month and is only up 0.1% on a year-over-year basis.

Market Data | Mar 22, 2019

Construction contractors regain confidence in January 2019

Expectations for sales during the coming six-month period remained especially upbeat in January.

Market Data | Mar 21, 2019

Billings moderate in February following robust New Year

AIA’s Architecture Billings Index (ABI) score for February was 50.3, down from 55.3 in January.

Market Data | Mar 19, 2019

ABC’s Construction Backlog Indicator declines sharply in January 2019

The Construction Backlog Indicator contracted to 8.1 months during January 2019.

Market Data | Mar 15, 2019

2019 starts off with expansion in nonresidential spending

At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the month.

Market Data | Mar 14, 2019

Construction input prices rise for first time since October

Of the 11 construction subcategories, seven experienced price declines for the month.

Market Data | Mar 6, 2019

Global hotel construction pipeline hits record high at 2018 year-end

There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction worldwide.

Market Data | Feb 28, 2019

U.S. economic growth softens in final quarter of 2018

Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.

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Strong start to 2019 for architecture billings

“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdown in the profession,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD, in the latest ABI report.

Market Data | Feb 19, 2019

ABC Construction Backlog Indicator steady in Q4 2018

CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.

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