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

Green | Jan 31, 2018

U.S. Green Building Council releases annual top 10 states for LEED green building per capita

Massachusetts tops the list for the second year; New York, Hawaii and Illinois showcase leadership in geographically diverse locations.

Industry Research | Jan 30, 2018

AIA’s Kermit Baker: Five signs of an impending upturn in construction spending

Tax reform implications and rebuilding from natural disasters are among the reasons AIA’s Chief Economist is optimistic for 2018 and 2019.

Market Data | Jan 30, 2018

AIA Consensus Forecast: 4.0% growth for nonresidential construction spending in 2018

The commercial office and retail sectors will lead the way in 2018, with a strong bounce back for education and healthcare.

Market Data | Jan 29, 2018

Year-end data show economy expanded in 2017; Fixed investment surged in fourth quarter

The economy expanded at an annual rate of 2.6% during the fourth quarter of 2017.

Market Data | Jan 25, 2018

Renters are the majority in 42 U.S. cities

Over the past 10 years, the number of renters has increased by 23 million.

Market Data | Jan 24, 2018

HomeUnion names the most and least affordable rental housing markets

Chicago tops the list as the most affordable U.S. metro, while Oakland, Calif., is the most expensive rental market.

Market Data | Jan 12, 2018

Construction input prices inch down in December, Up YOY despite low inflation

Energy prices have been more volatile lately.

Market Data | Jan 4, 2018

Nonresidential construction spending ticks higher in November, down year-over-year

Despite the month-over-month expansion, nonresidential spending fell 1.3 percent from November 2016.

Contractors | Jan 4, 2018

Construction spending in a ‘mature’ period of incremental growth

Labor shortages are spiking wages. Materials costs are rising, too. 

Market Data | Dec 20, 2017

Architecture billings upturn shows broad strength

The American Institute of Architects (AIA) reported the November ABI score was 55.0, up from a score of 51.7 in the previous month.

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