flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 must reads for the AEC industry today: August 19, 2020

Market Data

6 must reads for the AEC industry today: August 19, 2020

July architectural billings remained stalled and Florida becomes third state to adopt concrete repair code.


By BD+C Editors | August 19, 2020


1. Nonres construction industry won’t start growing again until next year’s third quarter (BD+C) 
"This report includes a section that specifically evaluates the impact of the pandemic on construction. JLL found that 93% of ongoing construction work had been in jurisdictions with stay-at-home orders that covered most of the U.S. population and jobsites."

2. July architectural billings remained stalled (AIA) 
"The pace of decline during July remained at about the same level as in June with both months posting an ABI score of 40.0 (any score below 50 indicates a decline in firm billings). While firms reported a modest decline for inquiries into new projects—slipping from 49.3 in June to 49.1 in July— newly signed design contracts declined more critically, falling from a June level of 44.0 to 41.7 in July."

3. Florida becomes the third state to adopt concrete repair code (BD+C) 
"ACI 562-19 Code Requirements for the Assessment, Repair and Rehabilitation of Existing Concrete Structures will be effective Dec. 31, 2020, when the seventh edition of the Florida Building Code becomes law."

4. Starting a design firm (LOA podcast) 
"In today’s episode, we are talking about starting your own design firm—something that I think every architect walking the planet has thought about at various times throughout their career."

5. Demand for hotels is flattening as hotel owners burn through millions in cash reserves (Bisnow)
"Major U.S. hotel companies lost hundreds of millions of dollars in the spring as they gradually reopened hotels this summer to low demand, and their leaders expect there could be a long road back to profitability."

6. New York’s true nursing home death toll cloaked in secrecy (Associated Press)
“New York’s coronavirus death toll in nursing homes, already among the highest in the nation, could actually be a significant undercount. Unlike every other state with major outbreaks, New York only counts residents who died on nursing home property and not those who were transported to hospitals and died there.”

 

Related Stories

Market Data | Oct 27, 2021

Only 14 states and D.C. added construction jobs since the pandemic began

Supply problems, lack of infrastructure bill undermine recovery.

Market Data | Oct 26, 2021

U.S. construction pipeline experiences highs and lows in the third quarter

Renovation and conversion pipeline activity remains steady at the end of Q3 ‘21, with conversion projects hitting a cyclical peak, and ending the quarter at 752 projects/79,024 rooms.

Market Data | Oct 19, 2021

Demand for design services continues to increase

The Architecture Billings Index (ABI) score for September was 56.6.

Market Data | Oct 14, 2021

Climate-related risk could be a major headwind for real estate investment

A new trends report from PwC and ULI picks Nashville as the top metro for CRE prospects.

Market Data | Oct 14, 2021

Prices for construction materials continue to outstrip bid prices over 12 months

Construction officials renew push for immediate removal of tariffs on key construction materials.

Market Data | Oct 11, 2021

No decline in construction costs in sight

Construction cost gains are occurring at a time when nonresidential construction spending was down by 9.5 percent for the 12 months through July 2021.

Market Data | Oct 11, 2021

Nonresidential construction sector posts first job gain since March

Has yet to hit pre-pandemic levels amid supply chain disruptions and delays.

Market Data | Oct 4, 2021

Construction spending stalls between July and August

A decrease in nonresidential projects negates ongoing growth in residential work.

Market Data | Oct 1, 2021

Nonresidential construction spending dips in August

Spending declined on a monthly basis in 10 of the 16 nonresidential subcategories.

Market Data | Sep 29, 2021

One-third of metro areas lost construction jobs between August 2020 and 2021

Lawrence-Methuen Town-Salem, Mass. and San Diego-Carlsbad, Calif. top lists of metros with year-over-year employment increases.

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