flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

7 must reads for the AEC industry today: July 30, 2020

Market Data

7 must reads for the AEC industry today: July 30, 2020

Millennium Tower finally has a fix and construction costs decrease for the first time in 10 years.


By BD+C Editors | July 30, 2020


1. San Francisco’s Millennium Tower fix approved, moving forward (BD+C) 
"After a two-year permitting and approval process, a fix is finally set to move forward with SGH as the engineer-of-record. SGH evaluated whether the building required structural reinforcement to restore its integrity or seismic resistance to original levels."

2. Two Indianapolis schools find new digs in a long-dormant factory (BD+C) 
"The P.R. Mallory Building in Indianapolis was once where the Duracell battery was invented and patented. Vacant for decades, the 100-year-old building has been jolted back to life through an adaptive reuse project that converted the facility into new homes for the STEM-focused public charter school Purdue Polytechnic High School and Paramount Englewood Middle School."

3. 62% of metros shed construction jobs from June 2019 to June 2020 as Association calls for new infrastructure funding, other relief steps (AGC) 
"New York City and Brockton-Bridgewater-Easton, Mass. have worst 12-month losses, while Austin and Walla Walla, Wash. top job gainers."

4. Crackdowns grow on construction firms that fail to follow COVID-19 guidelines (BD+C) 
"Construction companies that don’t follow guidelines for social distancing, hand-washing, and other coronavirus-related precautions face court action, fines, and possible shutdowns. Many cities and counties have given 30-day grace periods, but some building departments say they will now crack down on scofflaws."

5. Construction costs decrease for first time in 10 years (Construction Dive)
"A variety of pandemic-related forces have caused construction costs to decline slightly for the first time in a decade, which could lead contractors to feel a pinch in profits."

6. White House scrambles on nursing homes as COVID-19 surges (Associated Press)
"Fearing another grim wave of nursing home deaths as COVID-19 cases rebound, President Donald Trump on Wednesday announced his administration will provide $5 billion to help facilities counter the virus."

7. US Single-Family Rent Growth Posts Significant Drop (Globe St)
"Prior to the pandemic, the national rental price growth had been a stable 3%."

 

Related Stories

Healthcare Facilities | Jul 16, 2024

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.

Market Data | Jul 16, 2024

Construction spending expected to rise, despite labor and materials snags

In the first half of 2024, construction costs stabilized. And through the remainder of this year, total cost growth is projected to be modest, and matched by an overall increase in construction spending. That prediction can be found in JLL’s 2024 Midyear Construction Update and Reforecast. 

Healthcare Facilities | Jul 11, 2024

New download: BD+C's 2024 Healthcare Annual Report

Welcome to Building Design+Construction’s 2024 Healthcare Annual Report. This free 66-page special report is our first-ever “state of the state” update on the $65 billion healthcare construction sector.

Contractors | Jul 9, 2024

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of June 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023.

Office Buildings | Jul 8, 2024

Office vacancy peak of 22% to 28% forecasted for 2026

The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.

Apartments | Jun 25, 2024

10 hardest places to find an apartment in 2024

The challenge of finding an available rental continues to increase for Americans nation-wide. On average, there are eight prospective tenants vying for the same vacant apartment.

Contractors | Jun 12, 2024

The average U.S. contractor has 8.3 months worth of construction work in the pipeline, as of May 2024

Associated Builders and Contractors reported that its Construction Backlog Indicator fell to 8.3 months in May, according to an ABC member survey conducted May 20 to June 4. The reading is down 0.6 months from May 2023.

MFPRO+ News | Jun 11, 2024

Rents rise in multifamily housing for May 2024

Multifamily rents rose for the fourth month in a row, according to the May 2024 National Multifamily Report. Up 0.6% year-over-year, the average U.S. asking rent increased by $6 in May, up to $1,733.

Construction Costs | May 16, 2024

New download: BD+C's May 2024 Market Intelligence Report

Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.

Contractors | May 15, 2024

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of April 2024

Associated Builders and Contractors reported that its Construction Backlog Indicator increased to 8.4 months in April, according to an ABC member survey conducted April 22 to May 6. The reading is down 0.5 months from April 2023, but expanded 0.2 months from the prior 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