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
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Chicago invented the skyscraper; can it pioneer sustainable-energy strategies as well?
Chicago’s skyline has always been a source of pride. And while few new buildings are currently going up, building owners have developed a plan to capitalize on the latest advances: Smart-grid technologies that will convert the city’s iconic skyline into what backers call a “virtual green generator” by retrofitting high-rise buildings and the existing electrical grid to a new hyper-connected intelligent-communications backbone.
| Jan 25, 2011
AIA reports: Hotels, retail to lead U.S. construction recovery
U.S. nonresidential construction activity will decline this year but recover in 2012, led by hotel and retail sectors, according to a twice-yearly forecast by the American Institute of Architects. Overall nonresidential construction spending is expected to fall by 2% this year before rising by 5% in 2012, adjusted for inflation. The projected decline marks a deteriorating outlook compared to the prior survey in July 2010, when a 2011 recovery was expected.
| Jan 25, 2011
InterContinental Hotels Group gets LEED pre-certification
InterContinental Hotels Group, the world's largest hotel group by number of rooms, announced that its in-house sustainability system Green Engage has been awarded LEED volume pre-certification established from the USGBC and verified by the Green Building Certification Institute. IHG is the first hotel company to receive this award for an existing hotels program.
| Jan 21, 2011
Manufacturing plant transformed into LEED Platinum Clif Bar headquarters
Clif Bar & Co.’s new 115,000-sf headquarters in Emeryville, Calif., is one of the first buildings in the state to meet the 2008 California Building Energy Efficiency Standards. The structure has the largest smart solar array in North America, which will provide nearly all of its electrical energy needs.
| Jan 21, 2011
Primate research facility at Duke improves life for lemurs
Dozens of lemurs have new homes in two new facilities at the Duke Lemur Center in Raleigh, N.C. The Releasable Building connects to a 69-acre fenced forest for free-ranging lemurs, while the Semi-Releasable Building is for lemurs with limited-range privileges.
| Jan 21, 2011
Harlem facility combines social services with retail, office space
Harlem is one of the first neighborhoods in New York City to combine retail with assisted living. The six-story, 50,000-sf building provides assisted living for residents with disabilities and a nonprofit group offering services to minority groups, plus retail and office space.
| Jan 21, 2011
Nothing dinky about these residences for Golden Gophers
The Sydney Hall Student Apartments combines 125 student residences with 15,000 sf of retail space in the University of Minnesota’s historic Dinkytown neighborhood, in Minneapolis.
| Jan 21, 2011
Revamped hotel-turned-condominium building holds on to historic style
The historic 89,000-sf Hotel Stowell in Los Angeles was reincarnated as the El Dorado, a 65-unit loft condominium building with retail and restaurant space. Rockefeller Partners Architects, El Segundo, Calif., aimed to preserve the building’s Gothic-Art Nouveau combination style while updating it for modern living.
| Jan 21, 2011
Sustainable history center exhibits Fort Ticonderoga’s storied past
Fort Ticonderoga, in Ticonderoga, N.Y., along Lake Champlain, dates to 1755 and was the site of battles in the French and Indian War and the American Revolution. The new $20.8 million, 15,000-sf Deborah Clarke Mars Education Center pays homage to the French magasin du Roi (the King’s warehouse) at the fort.
| Jan 21, 2011
Library planned for modern media enthusiasts
The England Run Library, a new 30,000-sf glass, brick, and stone building, will soon house more than 100,000 books and DVDs. The Lukmire Partnership, Arlington, Va., designed the Stafford County, Va., library, the firm’s fourth for the Central Rappahannock Library System, to combine modern library-browsing trends with traditional library services.