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

8 must reads for the AEC industry today: June 24, 2020

Market Data

8 must reads for the AEC industry today: June 24, 2020

San Francisco's apartment market goes in reverse and WATG designs a solution for isolating without sacrificing social connectivity.


By BD+C Editors | June 24, 2020


1. WATG designs solution for isolating without sacrificing social connectivity (BD+C) 
"
But in an effort to make the transition to isolation easier, without the need to sacrifice human interaction, WATG has created Oriel, a new option that allows any room to become a self-isolation zone while maintaining a social component."

2. State lawmakers encouraging transition to heat pumps for building heating (BD+C) 
"Lawmakers and regulators in an increasing number of states, including California and New York, are changing policies to promote the use of electricity instead of fossil fuels to power building heating and hot water systems."

3. National survey reveals pandemic's impact on college students' mental health, remote learning, families' income and more (Core Spaces) 
"
Of 2,500 student respondents, 75% feel more anxious or stressed, 57% said they lost their summer jobs and 90% want to return to campus in the fall."

4. A look back at design standard shifts: ADA vs. COVID-19 (Burns & McDonnel) 
"If the ADA is any guidance, it may be years before nationwide standards are published and adopted."

5. Clothing stores, not bars and restaurants, took the biggest sales hit from the Coronavirus (MarketWatch)
“It turns out that bars and restaurants did not take the biggest hit from the coronavirus pandemic — it was clothing stores that suffered the biggest revenue losses over the past three months, with sales slashed by 66.6%. By contrast, sales at restaurants and bars were down “only” 40%."

6. Hotels see leisure travel return, but it's still going to be a tough year (Bisnow)
"Leisure travelers are slowly returning to the hotel market even though the lodging industry as a whole faces ongoing financial strain from the coronavirus pandemic and a longer road to full recovery, industry experts say."

7. Will contactless technology be a priority for post-COVID-19 workplace? (Mortgage Professional America)
"The workplace is being reimagined to include more square footage per person, plexiglass dividers, and hybrid work from home and office structures and schedules, in order to conform to new health and safety regulations. But what role will technology play, as companies look to reduce contamination on high touch surfaces?”

8. Once booming San Francisco apartment market goes in reverse (WSJ)
“Rents in San Francisco, the most expensive apartment market in the U.S., are tumbling as the city’s vaunted tech sector sheds jobs and more tenants leave the city.”


 
 

Related Stories

Market Data | Apr 11, 2023

Construction crane count reaches all-time high in Q1 2023

Toronto, Seattle, Los Angeles, and Denver top the list of U.S/Canadian cities with the greatest number of fixed cranes on construction sites, according to Rider Levett Bucknall's RLB Crane Index for North America for Q1 2023.

Contractors | Apr 11, 2023

The average U.S. contractor has 8.7 months worth of construction work in the pipeline, as of March 2023

Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.7 months in March, according to an ABC member survey conducted March 20 to April 3. The reading is 0.4 months higher than in March 2022.

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. 

Multifamily Housing | Mar 24, 2023

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.

Multifamily Housing | Mar 14, 2023

Multifamily housing rent rates remain flat in February 2023

Multifamily housing asking rents remained the same for a second straight month in February 2023, at a national average rate of $1,702, according to the new National Multifamily Report from Yardi Matrix. As the economy continues to adjust in the post-pandemic period, year-over-year growth continued its ongoing decline.

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

Hinge Marketing’s latest survey explores workers’ reasons for leaving, and offers strategies to keep them in the fold.

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.

boombox1 - default
boombox2 -
native1 -

More In Category

Construction Costs

New download: BD+C's May 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