Construction market news was mostly positive last week, with the AIA, AGC, and Census Bureau all seeing an uptick in key metrics. Here's a recap of the top construction market news for the week of September 15, 2013:
CONSTRUCTION SPENDING HITS FOUR-YEAR HIGH IN JULY
According an Associated General Contractors of America analysis of July Census Bureau data, single and multifamily residential spending have been strong, with hospitality, warehouses, and power infrastructure among the hot nonresidential categories. http://www.bdcnetwork.com/construction-spending-hits-four-year-high-july-agc-report
AUGUST HOUSING STARTS REVEAL MULTIFAMILY STILL HEALTHY BUT SINGLE-FAMILY STAGNATING
As analyzed by Auction.com Research, Census Bureau stats for August provided a bit of contrast from the report mentioned above, with single family starting to lag but multifamily remaining at "healthy levels." http://www.bdcnetwork.com/august-housing-starts-reveal-multifamily-still-healthy-single-family-stagnating
AIA SEES UPTICK IN ARCHITECTURE BILLINGS FOR AUGUST
Monthly ABI was 53.8, up from 52.7 in July (any score above 50 indicates an increase in billings). The number has improved in eleven of the past twelve months. http://www.bdcnetwork.com/aia-sees-uptick-architecture-billings-august
U.S. ROOFING DEMAND PREDICTED TO RISE, DRIVEN BY NEW CONSTRUCTION
Aside from asphalt shingles (mostly a residential product), favorable categories include roofing tile, plastics, and metal roofing products. http://www.bdcnetwork.com/us-roofing-demand-predicted-rise-driven-new-construction
43% OF ENERGY LEADERS WILL INVEST MORE IN EFFICIENCY NEXT YEAR
Schneider Electric survey includes responses from people in the business and government sectors. Tracking and analyzing energy-use data and energy audits were the most popular energy management approaches; building automation, efficient lighting, and data center efficiency are mentioned as growth areas. http://www.bdcnetwork.com/forty-three-percent-energy-leaders-will-invest-more-efficiency-next-year-infographic-0
BIG PROJECTS OF NOTE:
* World's first "invisible" tower planned for Seoul, South Korea. "Cloaking" facade made of LED projectors and optical cameras will render the building transparent if desired. http://www.bdcnetwork.com/worlds-first-invisible-tower-planned-south-korea
* BIG and MVVA collaborate on proposal for Pier 6 development at Brooklyn Bridge Park. http://www.bdcnetwork.com/first-look-bigmvva-proposal-pier-6-brooklyn-bridge-park
* Suffolk Downs announces plan to build $1 billion "green" casino in Boston. http://www.bdcnetwork.com/proposed-boston-casino-development-approval-will-depend-partly-sustainability
Related Stories
Healthcare Facilities | Feb 1, 2015
7 new factors shaping hospital emergency departments
A new generation of highly efficient emergency care facilities is upping the ante on patient care and convenience while helping to reposition hospital systems within their local markets.
Multifamily Housing | Jan 31, 2015
5 intriguing trends to track in the multifamily housing game
Demand for rental apartments and condos hasn’t been this strong in years, and our experts think the multifamily sector still has legs. But you have to know what developers, tenants, and buyers are looking for to have any hope of succeeding in this fast-changing market sector.
Multifamily Housing | Jan 31, 2015
20% down?!! Survey exposes how thin renters’ wallets are
A survey of more than 25,000 adults found the renters to be more burdened by debt than homeowners and severely short of emergency savings.
Multifamily Housing | Jan 31, 2015
Production builders are still shying away from rental housing
Toll Brothers, Lennar, and Trumark are among a small group of production builders to engage in construction for rental customers.
Energy Efficiency | Jan 28, 2015
An urban wind and solar energy system that may actually work
The system was designed to take advantage of a building's air flow and generate energy even if its in the middle of a city.
Multifamily Housing | Jan 27, 2015
Multifamily construction, focused on rentals, expected to slow in the coming years
New-home purchases, which recovered strongly in 2014, indicate that homeownership might finally be making a comeback.
Office Buildings | Jan 27, 2015
London plans to build Foggo Associates' 'can of ham' building
The much delayed high-rise development at London’s 60-70 St. Mary Axe resembles a can of ham, and the project's architects are embracing the playful sobriquet.
Multifamily Housing | Jan 22, 2015
Sales of apartment buildings hit record high in 2014
Investors bet big time on demand for rental properties over homeownership in 2014, when sales of apartment buildings hit a record $110.1 billion, or nearly 15% higher than the previous year.
Modular Building | Jan 21, 2015
Chinese company 3D prints six-story multifamily building
The building components were prefabricated piece by piece using a printer that is 7 meters tall, 10 meters wide, and 40 meters long.
| Jan 21, 2015
Tesla Motors starts construction on $5 billion battery plant in Nevada
Tesla Motors’ “gigafactory,” a $5 billion project on 980 acres in Sparks, Nev., could annually produce enough power for 500,000 electric cars.
