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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.”

 

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“The July figures show the continuation of healthy trends in the construction sector of our economy,” said AIA Chief Economist, Kermit Baker.

Architects | Aug 21, 2017

AIA: Architectural salaries exceed gains in the broader economy

AIA’s latest compensation report finds average compensation for staff positions up 2.8% from early 2015.

Market Data | Aug 20, 2017

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An analysis of mortgage-backed loans suggests that demand remains relatively steady.

Market Data | Aug 17, 2017

Marcum Commercial Construction Index reports second quarter spending increase in commercial and office construction

Spending in all 12 of the remaining nonresidential construction subsectors retreated on both an annualized and monthly basis.

Industry Research | Aug 11, 2017

NCARB releases latest data on architectural education, licensure, and diversity

On average, becoming an architect takes 12.5 years—from the time a student enrolls in school to the moment they receive a license.

Market Data | Aug 4, 2017

U.S. grand total construction starts growth projection revised slightly downward

ConstructConnect’s quarterly report shows courthouses and sports stadiums to end 2017 with a flourish.

Market Data | Aug 2, 2017

Nonresidential Construction Spending falls in June, driven by public sector

June’s weak construction spending report can be largely attributed to the public sector.

Market Data | Jul 31, 2017

U.S. economic growth accelerates in second quarter; Nonresidential fixed investment maintains momentum

Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2% seasonally adjusted annual rate.

Multifamily Housing | Jul 27, 2017

Apartment market index: Business conditions soften, but still solid

Despite some softness at the high end of the apartment market, demand for apartments will continue to be substantial for years to come, according to the National Multifamily Housing Council. 

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