flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

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."

 

Related Stories

Market Data | Feb 1, 2017

Nonresidential spending falters slightly to end 2016

Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December.

Market Data | Jan 31, 2017

AIA foresees nonres building spending increasing, but at a slower pace than in 2016

Expects another double-digit growth year for office construction, but a more modest uptick for health-related building.

High-rise Construction | Jan 23, 2017

Growth spurt: A record-breaking 128 buildings of 200 meters or taller were completed in 2016

This marks the third consecutive record-breaking year for building completions over 200 meters.

Market Data | Jan 18, 2017

Fraud and risk incidents on the rise for construction, engineering, and infrastructure businesses

Seven of the 10 executives in the sector surveyed in the report said their company fell victim to fraud in the past year.

Market Data | Jan 18, 2017

Architecture Billings Index ends year on positive note

Architecture firms close 2016 with the strongest performance of the year.

Market Data | Jan 12, 2017

73% of construction firms plan to expand their payrolls in 2017

However, many firms remain worried about the availability of qualified workers.

Market Data | Jan 9, 2017

Trump market impact prompts surge in optimism for U.S. engineering firm leaders

The boost in firm leader optimism extends across almost the entire engineering marketplace.

Market Data | Jan 5, 2017

Nonresidential spending thrives in strong November spending report

Many construction firms have reported that they remain busy but have become concerned that work could dry up in certain markets in 2017 or 2018, says Anirban Basu, ABC Chief Economist.

Market Data | Dec 21, 2016

Architecture Billings Index up slightly in November

New design contracts also return to positive levels, signifying future growth in construction activity. 

Market Data | Dec 21, 2016

Will housing adjust to an aging population?

New Joint Center report projects 66% increase in senior heads of households by 2035.

boombox1
boombox2
native1

More In Category


Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.



Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021