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

Hotel Facilities | Aug 17, 2016

Hotel construction continues to flourish in major cities

But concerns about overbuilding persist.

Market Data | Aug 16, 2016

Leading economists predict construction industry growth through 2017

The Chief Economists for ABC, AIA, and NAHB all see the construction industry continuing to expand over the next year and a half.

Multifamily Housing | Aug 12, 2016

Apartment completions in largest metros on pace to increase by 50% in 2016

Texas is leading this multifamily construction boom, according to latest RENTCafé estimates.

Market Data | Jul 29, 2016

ABC: Output expands, but nonresidential fixed investment falters

Nonresidential fixed investment fell for a third consecutive quarter, as indicated by Bureau of Economic Analysis data.

Industry Research | Jul 26, 2016

AIA consensus forecast sees construction spending on rise through next year

But several factors could make the industry downshift.

Architects | Jul 20, 2016

AIA: Architecture Billings Index remains on solid footing

The June ABI score was down from May, but the figure was positive for the fifth consecutive month.   

Market Data | Jul 7, 2016

Airbnb alleged to worsen housing crunch in New York City

Allegedly removing thousands of housing units from market, driving up rents.

Market Data | Jul 6, 2016

Construction spending falls 0.8% from April to May

The private and public sectors have a combined estimated seasonally adjusted annual rate of $1.14 trillion.

Market Data | Jul 6, 2016

A thriving economy and influx of businesses spur construction in downtown Seattle

Development investment is twice what it was five years ago. 

Multifamily Housing | Jul 5, 2016

Apartments continue to shrink, rents continue to rise

Latest survey by RENTCafé tracks size changes in 95 metros. 

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