1. The great reset and our new work life (CallisonRTKL)
"Never in the history of our planet has this happened. In the last few months, the COVID-19 pandemic has shaken the world: sickening people by the millions and killing them by the hundreds of thousands."
2. Facebook to build $800 million data center in DeKalb, Ill. (BD+C)
"The project, which will be Facebook’s 12th data center in the U.S. and the 16th overall."
3. 329 metro areas added construction jobs in May (AGC)
"Seattle-Bellevue-Everett, Wash. added the most construction jobs (28,600, 44%) in May."
4. AIA releases strategies and illustrations for reducing risk of COVID-19 in senior living communities (AIA)
"These resources were developed by a team of architects, AIA’s Design for Aging knowledge community, public health experts, and engineers, to assist with pivoting communities toward a more sustainable set of strategies that can reduce risk for residents and staff while creating a more comfortable way of life that is supportive of overall wellbeing."
5. WELL building institute steps up health safety rating for hotels and resorts (BD+C)
"Certification body forms advisory group of industry leaders and health experts."
6. What Re-entry Looks Like in Portland's Largest Office Building (GlobeSt)
"Unico Properties has a strategy to deliver a safe and sanitized office environment across its portfolio and this includes plans for US Bancorp Tower located at 111 SW 5th Ave., Portland’s largest office building."
7. Office Buildings Are Becoming Greener Post-Coronavirus, Experts Say (Bisnow)
"Before the coronavirus crisis, Hudson Pacific Properties was preparing to roll out a new mobile app for its office tenants within the next year and a half."
Related Stories
Market Data | Apr 11, 2023
Construction crane count reaches all-time high in Q1 2023
Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.
Contractors | Apr 11, 2023
The average U.S. contractor has 8.7 months worth of construction work in the pipeline, as of March 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.
Market Data | Apr 6, 2023
JLL’s 2023 Construction Outlook foresees growth tempered by cost increases
The easing of supply chain snags for some product categories, and the dispensing with global COVID measures, have returned the North American construction sector to a sense of normal. However, that return is proving to be complicated, with the construction industry remaining exceptionally busy at a time when labor and materials cost inflation continues to put pricing pressure on projects, leading to caution in anticipation of a possible downturn. That’s the prognosis of JLL’s just-released 2023 U.S. and Canada Construction Outlook.
Market Data | Apr 4, 2023
Nonresidential construction spending up 0.4% in February 2023
National nonresidential construction spending increased 0.4% in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month, up 16.8% from the previous year.
Multifamily Housing | Mar 24, 2023
Average size of new apartments dropped sharply in 2022
The average size of new apartments in 2022 dropped sharply in 2022, as tracked by RentCafe. Across the U.S., the average new apartment size was 887 sf, down 30 sf from 2021, which was the largest year-over-year decrease.
Multifamily Housing | Mar 14, 2023
Multifamily housing rent rates remain flat in February 2023
Multifamily housing asking rents remained the same for a second straight month in February 2023, at a national average rate of $1,702, according to the new National Multifamily Report from Yardi Matrix. As the economy continues to adjust in the post-pandemic period, year-over-year growth continued its ongoing decline.
Contractors | Mar 14, 2023
The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of February 2023
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.
Industry Research | Mar 9, 2023
Construction labor gap worsens amid more funding for new infrastructure, commercial projects
The U.S. construction industry needs to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet demand for labor, according to a model developed by Associated Builders and Contractors. The construction industry averaged more than 390,000 job openings per month in 2022.
Market Data | Mar 7, 2023
AEC employees are staying with firms that invest in their brand
Hinge Marketing’s latest survey explores workers’ reasons for leaving, and offers strategies to keep them in the fold.
Multifamily Housing | Feb 21, 2023
Multifamily housing investors favoring properties in the Sun Belt
Multifamily housing investors are gravitating toward Sun Belt markets with strong job and population growth, according to new research from Yardi Matrix. Despite a sharp second-half slowdown, last year’s nationwide $187 billion transaction volume was the second-highest annual total ever.
