1. Take a virtual tour of Frank Lloyd Wright's Robie House (BD+C)
Explore the building with Frank Lloyd Wright Trust curator David Bagnall.
2. Construction Contractor Confidence plummets in February (ABC)
Confidence among U.S. construction industry leaders plummeted in February due to expectations of the economic fallout associated with COVID-19, according to the Associated Builders and Contractors Construction Confidence Index released today. Readings for sales, profit margins and staffing levels expectations fell below the threshold of 50 for the first time in the history of the series, signaling expected contraction along all three dimensions.
3. Group will create ecosystem for smart building data (BD+C)
Seven Finnish companies aim to integrate all technical systems into a single platform.
4. Recovery Readiness: A How-to Guide for Reopening your Workplace (Cushman & Wakefield)
"We are proud to announce the release of Recovery Readiness: A How-to Guide for Reopening your Workplace, a comprehensive guide for real estate tenants and landlords on reopening workplaces as stay-at-home restrictions are lifted."
5. Social distancing in the workplace: The new norm (BuroHappold Engineering)
"How analytics and insight will help organizations implement social distancing in the workplace."
6. Looking Beyond the Storm: How to Remain Competitive in the New Era of Construction (FMI)
"Leaders are doing their best to keep calm and level-headed, hoping that this period of upset will pass quickly. Nevertheless, some experts predict that we will be in this for the long haul.2 With no firm promise of the market thawing out in the coming weeks, we cannot afford to wait for things to return to 'normal.'"
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The average U.S. contractor has 8.7 months worth of construction work in the pipeline, as of March 2023
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Market Data | Apr 6, 2023
JLL’s 2023 Construction Outlook foresees growth tempered by cost increases
The easing of supply chain snags for some product categories, and the dispensing with global COVID measures, have returned the North American construction sector to a sense of normal. However, that return is proving to be complicated, with the construction industry remaining exceptionally busy at a time when labor and materials cost inflation continues to put pricing pressure on projects, leading to caution in anticipation of a possible downturn. That’s the prognosis of JLL’s just-released 2023 U.S. and Canada Construction Outlook.
Market Data | Apr 4, 2023
Nonresidential construction spending up 0.4% in February 2023
National nonresidential construction spending increased 0.4% in February, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month, up 16.8% from the previous year.
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Average size of new apartments dropped sharply in 2022
The average size of new apartments in 2022 dropped sharply in 2022, as tracked by RentCafe. Across the U.S., the average new apartment size was 887 sf, down 30 sf from 2021, which was the largest year-over-year decrease.
