flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 must reads for the AEC industry today: September 22, 2020

Market Data

6 must reads for the AEC industry today: September 22, 2020

Construction employment declined in 39 states and no ease of lumber prices in sight.


By BD+C Editors | September 22, 2020


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 | Apr 1, 2019

Nonresidential spending expands again in February

Private nonresidential spending fell 0.5% for the month and is only up 0.1% on a year-over-year basis.

Market Data | Mar 22, 2019

Construction contractors regain confidence in January 2019

Expectations for sales during the coming six-month period remained especially upbeat in January.

Market Data | Mar 21, 2019

Billings moderate in February following robust New Year

AIA’s Architecture Billings Index (ABI) score for February was 50.3, down from 55.3 in January.

Market Data | Mar 19, 2019

ABC’s Construction Backlog Indicator declines sharply in January 2019

The Construction Backlog Indicator contracted to 8.1 months during January 2019.

Market Data | Mar 15, 2019

2019 starts off with expansion in nonresidential spending

At a seasonally adjusted annualized rate, nonresidential spending totaled $762.5 billion for the month.

Market Data | Mar 14, 2019

Construction input prices rise for first time since October

Of the 11 construction subcategories, seven experienced price declines for the month.

Market Data | Mar 6, 2019

Global hotel construction pipeline hits record high at 2018 year-end

There are a record-high 6,352 hotel projects and 1.17 million rooms currently under construction worldwide.

Market Data | Feb 28, 2019

U.S. economic growth softens in final quarter of 2018

Year-over-year GDP growth was 3.1%, while average growth for 2018 was 2.9%.

Market Data | Feb 20, 2019

Strong start to 2019 for architecture billings

“The government shutdown affected architecture firms, but doesn’t appear to have created a slowdown in the profession,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD, in the latest ABI report.

Market Data | Feb 19, 2019

ABC Construction Backlog Indicator steady in Q4 2018

CBI reached a record high of 9.9 months in the second quarter of 2018 and averaged about 9.1 months throughout all four quarters of last year.

boombox1
boombox2
native1

More In Category

Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.




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