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
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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
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Multifamily Housing | Mar 14, 2023
Multifamily housing rent rates remain flat in February 2023
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Contractors | Mar 14, 2023
The average U.S. contractor has 9.2 months worth of construction work in the pipeline, as of February 2023
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 9.2 months in February, according to an ABC member survey conducted Feb. 20 to March 6. The reading is 1.2 months higher than in February 2022.
Industry Research | Mar 9, 2023
Construction labor gap worsens amid more funding for new infrastructure, commercial projects
The U.S. construction industry needs to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet demand for labor, according to a model developed by Associated Builders and Contractors. The construction industry averaged more than 390,000 job openings per month in 2022.
Market Data | Mar 7, 2023
AEC employees are staying with firms that invest in their brand
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Multifamily Housing | Feb 21, 2023
Multifamily housing investors favoring properties in the Sun Belt
Multifamily housing investors are gravitating toward Sun Belt markets with strong job and population growth, according to new research from Yardi Matrix. Despite a sharp second-half slowdown, last year’s nationwide $187 billion transaction volume was the second-highest annual total ever.
Contractors | Feb 14, 2023
The average U.S. contractor has nine months worth of construction work in the pipeline
Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022.
