flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
Currently Reading

6 must reads for the AEC industry today: August 19, 2020

Market Data

6 must reads for the AEC industry today: August 19, 2020

July architectural billings remained stalled and Florida becomes third state to adopt concrete repair code.


By BD+C Editors | August 19, 2020


1. Nonres construction industry won’t start growing again until next year’s third quarter (BD+C) 
"This report includes a section that specifically evaluates the impact of the pandemic on construction. JLL found that 93% of ongoing construction work had been in jurisdictions with stay-at-home orders that covered most of the U.S. population and jobsites."

2. July architectural billings remained stalled (AIA) 
"The pace of decline during July remained at about the same level as in June with both months posting an ABI score of 40.0 (any score below 50 indicates a decline in firm billings). While firms reported a modest decline for inquiries into new projects—slipping from 49.3 in June to 49.1 in July— newly signed design contracts declined more critically, falling from a June level of 44.0 to 41.7 in July."

3. Florida becomes the third state to adopt concrete repair code (BD+C) 
"ACI 562-19 Code Requirements for the Assessment, Repair and Rehabilitation of Existing Concrete Structures will be effective Dec. 31, 2020, when the seventh edition of the Florida Building Code becomes law."

4. Starting a design firm (LOA podcast) 
"In today’s episode, we are talking about starting your own design firm—something that I think every architect walking the planet has thought about at various times throughout their career."

5. Demand for hotels is flattening as hotel owners burn through millions in cash reserves (Bisnow)
"Major U.S. hotel companies lost hundreds of millions of dollars in the spring as they gradually reopened hotels this summer to low demand, and their leaders expect there could be a long road back to profitability."

6. New York’s true nursing home death toll cloaked in secrecy (Associated Press)
“New York’s coronavirus death toll in nursing homes, already among the highest in the nation, could actually be a significant undercount. Unlike every other state with major outbreaks, New York only counts residents who died on nursing home property and not those who were transported to hospitals and died there.”

 

Related Stories

Data Centers | Jan 28, 2016

Top 10 markets for data center construction

JLL’s latest outlook foresees a maturation in certain metros.

Market Data | Jan 20, 2016

Nonresidential building starts sag in 2015

CDM Research finds only a few positive signs among the leading sectors.

Market Data | Jan 20, 2016

Architecture Billings Index ends year on positive note

While volatility persists, architecture firms reported healthy performance for 2015.

Market Data | Jan 15, 2016

ABC: Construction material prices continue free fall in December

In December, construction material prices fell for the sixth consecutive month. Prices have declined 7.2% since peaking in August 2014.

Market Data | Jan 13, 2016

Morgan Stanley bucks gloom and doom, thinks U.S. economy has legs through 2020

Strong job growth and dwindling consumer debt give rise to hope.

Hotel Facilities | Jan 13, 2016

Hotel construction should remain strong through 2017

More than 100,000 rooms could be delivered this year alone.

Market Data | Jan 6, 2016

Census Bureau revises 10 years’ worth of construction spending figures

The largest revisions came in the last two years and were largely upward.

Market Data | Jan 5, 2016

Majority of AEC firms saw growth in 2015, remain optimistic for 2016: BD+C survey

By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.

Market Data | Jan 5, 2016

Nonresidential construction spending falters in November

Only 4 of 16 subsectors showed gains

Market Data | Dec 15, 2015

AIA: Architecture Billings Index hits another bump

Business conditions show continued strength in South and West regions.  

boombox1 - default
boombox2 -
native1 -

More In Category


Construction Costs

New download: BD+C's April 2024 Market Intelligence Report

Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.



halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021