1. Two eight-story residential towers and a dining commons complete on Cal Poly Pomona’s campus (BD+C)
"In an attempt to eliminate its reputation as a commuter school, California State Polytechnic University, Pomona (Cal Poly Pomona) has recently completed construction of two new eight-story residential towers and a dining commons."
2. New LEED guidance from USGBC helps cities and communities expand resilience efforts in response to the COVID-19 pandemic (USGBC)
"Between the increasing risks associated with climate change and the current public health crisis, the new LEED credits provide additional ways to integrate public health and social equity into sustainability and resilience efforts."
3. North Carolina will stop relying on FEMA flood mapping (BD+C)
"Instead, the state will strive to compile its own data. Officials say FEMA maps have not been updated quickly enough based on recent experience. As proof, they say that more than 77% of homes damaged by Hurricane Matthew in 2016 were not located in federally designated flood zones."
4. Company buying Gold’s Gym out of bankruptcy has business model to reshape entire U.S. gym industry (Bisnow)
"One of the nation's largest gym brands, Gold's Gym, is about to be acquired out of bankruptcy by German company RSG Group GmbH. RSG is an omnichannel brand, known for its digital workout offerings as much as its footprint of gyms across Europe."
5. U.S. homebuilder optimism continues recovery as buyers return (Bloomberg via National Real Estate Investor)
"The housing market continued to attract buyers looking for more space and attracted by low interest rates."
Related Stories
Industry Research | Dec 28, 2022
Following a strong year, design and construction firms view 2023 cautiously
The economy and inflation are the biggest concerns for U.S. architecture, construction, and engineering firms in 2023, according to a recent survey of AEC professionals by the editors of Building Design+Construction.
Self-Storage Facilities | Dec 16, 2022
Self-storage development booms in high multifamily construction areas
A 2022 RentCafe analysis finds that self-storage units swelled in conjunction with metros’ growth in apartment complexes.
Market Data | Dec 13, 2022
Contractors' backlog of work reaches three-year high
U.S. construction firms have, on average, 9.2 months of work in the pipeline, according to ABC's latest Construction Backlog Indicator.
Contractors | Dec 6, 2022
Slow payments cost the construction industry $208 billion in 2022
The cost of floating payments for wages and invoices represents $208 billion in excess cost to the construction industry, a 53% increase from 2021, according to a survey by Rabbet, a provider of construction finance software.
Mass Timber | Dec 1, 2022
Cross laminated timber market forecast to more than triple by end of decade
Cross laminated timber (CLT) is gaining acceptance as an eco-friendly building material, a trend that will propel its growth through the end of the 2020s. The CLT market is projected to more than triple from $1.11 billion in 2021 to $3.72 billion by 2030, according to a report from Polaris Market Research.
Market Data | Nov 15, 2022
Construction demand will be a double-edged sword in 2023
Skanska’s latest forecast sees shorter lead times and receding inflation, but the industry isn’t out of the woods yet.
Reconstruction & Renovation | Nov 8, 2022
Renovation work outpaces new construction for first time in two decades
Renovations of older buildings in U.S. cities recently hit a record high as reflected in architecture firm billings, according to the American Institute of Architects (AIA).
Market Data | Nov 3, 2022
Building material prices have become the calm in America’s economic storm
Linesight’s latest quarterly report predicts stability (mostly) through the first half of 2023
Building Team | Nov 1, 2022
Nonresidential construction spending increases slightly in September, says ABC
National nonresidential construction spending was up by 0.5% in September, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Hotel Facilities | Oct 31, 2022
These three hoteliers make up two-thirds of all new hotel development in the U.S.
With a combined 3,523 projects and 400,490 rooms in the pipeline, Marriott, Hilton, and InterContinental dominate the U.S. hotel construction sector.
