1. Wings clipped, airports veer to tech to regain passenger trust (BD+C)
"The impact of the coronavirus on airport construction and renovation has been mixed. Paul Dorsey, Vice President-Aviation for Manhattan Construction, cautions that the industry must come to grips with the distinct likelihood that some businesses will permanently limit corporate travel in favor of virtual meetings."
2. Washington is the US state with the most value of construction projects underway, says GlobalData (GlobalData)
"Of the top 10 largest projects in the Washington state, nine were in the execution stage as of August 2020."
3. Construction employment declined in 39 states between August 2019 and 2020 (AGC)
"California lost the most construction jobs (-52,000, -5.8%) between August 2019 and August 2020, followed by New York (-46,000, -11.3%); Texas (-39,300 jobs, -5.0%); Massachusetts (-20,200 jobs, -12.4%) and Illinois (-17,200 jobs, -7.5%)."
4. No ease of lumber price spikes in sight (BD+C)
"Wildfires strike Northwest timber industry in wake of Covid-19 shutdowns."
5. Soothing multifamily tenants' fears about pathogens isn't insurmountable (Bisnow)
"The coronavirus pandemic derailed the multifamily industry after years of steadily rising rents, occupancy rates and robust new development. But after hunkering down throughout the late spring and summer, providers say they were able to keep buildings filled and are now ready to meet new demands from safety-minded tenants."
6. AMC’s CEO describes coronavirus precautions, including upgraded air filtration at reopened theaters (CNBC)
"Our theater cleanliness scores are the best they’ve been in decades, an all-time high, AMC Entertainment CEO Adam Aron said on Squawk Box."
Related Stories
Market Data | Feb 4, 2020
IMEG Corp. acquires Clark Engineering
Founded in 1938 in Minneapolis, Clark Engineering has an extensive history of public and private project experience.
Market Data | Jan 30, 2020
U.S. economy expands 2.1% in 4th quarter
Investment in structures contracts.
Market Data | Jan 30, 2020
US construction & real estate industry sees a drop of 30.4% in deal activity in December 2019
A total of 48 deals worth $505.11m were announced in December 2019.
Market Data | Jan 29, 2020
Navigant research report finds global wind capacity value is expected to increase tenfold over the next decade
Wind power is being developed in more countries as well as offshore and onshore.
Market Data | Jan 28, 2020
What eight leading economists predict for nonresidential construction in 2020 and 2021
Public safety, education, and healthcare highlight a market that is entering growth-slowdown mode, but no downturn is projected, according to AIA's latest Consensus Construction Forecast panel.
Market Data | Jan 28, 2020
Los Angeles has the largest hotel construction pipeline in the United States
Los Angeles will have a growth rate of 2.5% with 19 new hotels/2,589 rooms opening.
Market Data | Jan 27, 2020
U.S. hotel construction pipeline finishes 2019 trending upward
Projects under construction continue to rise reaching an all-time high of 1,768 projects.
Market Data | Jan 24, 2020
U.S. Green Building Council releases the top 10 states for LEED
Colorado leads the nation, showing how LEED green buildings support climate action and a better quality of life.
Market Data | Jan 23, 2020
Construction contractor confidence surges into 2020, says ABC
Confidence among U.S. construction industry leaders increased in November 2019 with respect to sales, profit margins, and staffing, according to the Associated Builders and Contractors Construction Confidence Index.
Market Data | Jan 22, 2020
Architecture Billings Index ends year on positive note
AIA’s Architecture Billings Index (ABI) score of 52.5 for December reflects an increase in design services provided by U.S. architecture firms.
