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

Market Data | Feb 1, 2017

Nonresidential spending falters slightly to end 2016

Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December.

Market Data | Jan 31, 2017

AIA foresees nonres building spending increasing, but at a slower pace than in 2016

Expects another double-digit growth year for office construction, but a more modest uptick for health-related building.

High-rise Construction | Jan 23, 2017

Growth spurt: A record-breaking 128 buildings of 200 meters or taller were completed in 2016

This marks the third consecutive record-breaking year for building completions over 200 meters.

Market Data | Jan 18, 2017

Fraud and risk incidents on the rise for construction, engineering, and infrastructure businesses

Seven of the 10 executives in the sector surveyed in the report said their company fell victim to fraud in the past year.

Market Data | Jan 18, 2017

Architecture Billings Index ends year on positive note

Architecture firms close 2016 with the strongest performance of the year.

Market Data | Jan 12, 2017

73% of construction firms plan to expand their payrolls in 2017

However, many firms remain worried about the availability of qualified workers.

Market Data | Jan 9, 2017

Trump market impact prompts surge in optimism for U.S. engineering firm leaders

The boost in firm leader optimism extends across almost the entire engineering marketplace.

Market Data | Jan 5, 2017

Nonresidential spending thrives in strong November spending report

Many construction firms have reported that they remain busy but have become concerned that work could dry up in certain markets in 2017 or 2018, says Anirban Basu, ABC Chief Economist.

Market Data | Dec 21, 2016

Architecture Billings Index up slightly in November

New design contracts also return to positive levels, signifying future growth in construction activity. 

Market Data | Dec 21, 2016

Will housing adjust to an aging population?

New Joint Center report projects 66% increase in senior heads of households by 2035.

boombox1
boombox2
native1

More In Category


Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.



Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 

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