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 | Nov 5, 2019
Construction and real estate industry deals in September 2019 total $21.7bn globally
In terms of number of deals, the sector saw a drop of 4.4% over the last 12-month average.
Market Data | Nov 4, 2019
Nonresidential construction spending rebounds slightly in September
Private nonresidential spending fell 0.3% on a monthly basis and is down 5.7% compared to the same time last year.
Market Data | Nov 1, 2019
GDP growth expands despite reduction in nonresident investment
The annual rate for nonresidential fixed investment in structures declined 15.3% in the third quarter.
Market Data | Oct 24, 2019
Architecture Billings Index downturn moderates as challenging conditions continue
The Architecture Billings Index (ABI) score in September is 49.7.
Market Data | Oct 23, 2019
ABC’s Construction Backlog Indicator rebounds in August
The primary issue for most contractors is not a lack of demand, but an ongoing and worsening shortage of skilled workers available to meet contractual requirements.
Multifamily Housing | Oct 16, 2019
A new study wonders how many retiring adults will be able to afford housing
Harvard’s Joint Center for Housing Studies focuses on growing income disparities among people 50 or older.
Market Data | Oct 9, 2019
Two ULI reports foresee a solid real estate market through 2021
Market watchers, though, caution about a “surfeit” of investment creating a bubble.
Market Data | Oct 4, 2019
Global construction output growth will decline to 2.7% in 2019
It will be the slowest pace of growth in a decade, according to GlobalData.
Market Data | Oct 2, 2019
Spending on nonresidential construction takes a step back in August
Office, healthcare, and public safety are among the fastest-growing sectors, according to the U.S. Census Bureau's latest report.
Market Data | Sep 27, 2019
The global hotel construction pipeline ascends to new record highs
With the exception of Latin America, all regions of the globe either continued to set record high pipeline counts or have already settled into topping-out formations amidst concerns of a worldwide economic slowdown.