FMI releases 2012 first quarter construction outlook

FMI released the first-quarter 2012 Construction Outlook Report forecasting a 5% increase in total construction put in place for 2012 compared to 2011, or $826.3 billion. The last time construction put in place was at this level was 2000-2001.

Despite slow growth projections and rising gasoline prices, the GDP is still growing and consumers are still spending, reflected in the Conference Board's Consumer Confidence Index increasing to 70.8 in February compared to 70.4 a year ago. Along with the Federal Reserve's intervention, these factors have served to keep growth slow and inflation in check.

In order for residential construction to achieve the 8 percent increase projected and top $264.4 billion in 2012, a number of factors still have to fall into place:

Reduction in the current inventory of homes
Lenders willing to lend on reasonable terms
Steady improvement in hiring

Projections indicate a 4% increase in nonresidential buildings for 2012, topping $341 billion, with slightly higher growth in 2013 to $361 billion. Nonresidential contractors are facing many of the same problems as residential contractors. In addition, competition is fierce, with low price still the name of the game. Project owners who are ready to restart their building programs are expecting hungry contractors to submit very low bids. One of the keys for growth will be the return of private investment in construction. Additionally, federal, state and local government construction have been dialed back until budgets are in better repair and tax revenues return to levels that are more normal. Research indicates that there are signs this is starting to happen. BD+C

LPA Architects conducted a post-occupancy evaluation, or POE, of the eSTEM Academy, a new high school specializing in health/medical and design/engineering Career Technical Education, in Eastvale, Calif. The POE helped LPA, the Riverside County Office of Education, and the Corona-Norco Unified School District gain a better understanding of which design innovations—such as movable walls, flex furniture, collaborative spaces, indoor-outdoor activity areas, and a student union—enhanced the education program, and how well students and teachers used these innovations.

Interior designer Creative License International fashioned this community room for P83, a 250-unit rental community in Peoria, Ariz. 2021 Multifamily Amenities study

Multifamily Housing | Jul 7, 2021

Make sure to get your multifamily amenities mix right

One of the hardest decisions multifamily developers and their design teams have to make is what mix of amenities they’re going to put into each project. A lot of squiggly factors go into that decision: the type of community, the geographic market, local recreation preferences, climate/weather conditions, physical parameters, and of course the budget. The permutations are mind-boggling.

Industrial Facilities | Jul 2, 2021

A new approach to cold storage buildings

Cameron Trefry and Kate Lyle of Ware Malcomb talk about their firm's cold storage building prototype that is serving a market that is rapidly expanding across the supply chain.

A post-pandemic ‘new normal’ for apartments, Grimm + Parker, Building Design+Construction 2021 Exercise area

Multifamily Housing | Jun 30, 2021

A post-pandemic ‘new normal’ for apartment buildings

Grimm + Parker’s vision foresees buildings with rentable offices and refrigerated package storage.

Architects | Jun 30, 2021

Perkins Eastman joins forces with MEIS

MEIS’ work on stadiums and entertainment centers spans the globe with state-of-the-art designs in the U.S., Europe, Asia, and the Middle East.

Architects | Jun 25, 2021

AIA announces Small Project Award recipients

Now in its 18th year, the AIA Small Project Awards program recognizes small-project practitioners for the high quality of their work.

Work in existing buildings will prevail in 2021

Architects | Jun 24, 2021

Post-pandemic, architects need to advocate harder for project sustainability

An AIA-Oldcastle report looks closer at the coronavirus’s impact on design and construction

Resiliency | Jun 24, 2021

Oceanographer John Englander talks resiliency and buildings [new on HorizonTV]

New on HorizonTV, oceanographer John Englander discusses his latest book, which warns that, regardless of resilience efforts, sea levels will rise by meters in the coming decades. Adaptation, he says, is the key to future building design and construction.