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
| Feb 1, 2012
ULI and Greenprint Foundation create ULI Greenprint Center for Building Performance
Member-to-member information exchange measures energy use, carbon footprint of commercial portfolios.
| Feb 1, 2012
AEC mergers and acquisitions up in 2011, expected to surge in 2012
Morrissey Goodale tracked 171 domestic M&A deals, representing a 12.5% increase over 2010 and a return to levels not seen since 2007.
| Jan 31, 2012
AIA CONTINUING EDUCATION: Reroofing primer, in-depth advice from the experts
Earn 1.0 AIA/CES learning units by studying this article and successfully completing the online exam.
| Jan 31, 2012
28th Annual Reconstruction Awards: Modern day reconstruction plays out
A savvy Building Team reconstructs a Boston landmark into a multiuse masterpiece for Suffolk University.
| Jan 31, 2012
Chapman Construction/Design: ‘Sustainability is part of everything we do’
Chapman Construction/Design builds a working culture around sustainability—for its clients, and for its employees.
| Jan 31, 2012
Fusion Facilities: 8 reasons to consolidate multiple functions under one roof
‘Fusing’ multiple functions into a single building can make it greater than the sum of its parts. The first in a series on the design and construction of university facilities.
| Jan 31, 2012
Suffolk Construction to manage Lawrence & Memorial Hospital Cancer Center project in Waterford, Conn.
Leading construction management firm overseeing one of first healthcare projects in the country to utilize innovative IPD process.
| Jan 31, 2012
Perkins Eastman’s Miller appointed Chairman of the AIA International Committee
International expertise leveraged as global industry resource.
| Jan 31, 2012
KBE selected for school project in Waterbury, Conn.
Located adjacent to the existing elementary school, the $28 million, 82,000 s/f Pre-K to eighth Grade school is expected to host its first students in the fall of 2013.
| Jan 31, 2012
Construction Law Firm Allensworth & Porter, LLP adds May to the firm
Prior to joining Allensworth & Porter, May served as the staff attorney for the Texas Civil Justice League, and was responsible for drafting, analyzing, and tracking civil justice and business-related legislation during the 82nd Legislative Session.