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 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.

Market Data | Sep 28, 2021

Design-Build projects should continue to take bigger shares of construction spending pie over next five years

FMI’s new study finds collaboration and creativity are major reasons why owners and AEC firms prefer this delivery method.

Market Data | Sep 22, 2021

Architecture billings continue to increase

The ABI score for August was 55.6, up from July’s score of 54.6.

Market Data | Sep 20, 2021

August construction employment lags pre-pandemic peak in 39 states

The coronavirus delta variant and supply problems hold back recovery.

Market Data | Sep 15, 2021

ABC’s Construction Backlog Indicator plummets in August; Contractor Confidence down

ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels all fell modestly in August.

boombox1
boombox2
native1

More In Category




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