1. The continent’s tallest living wall could soon sprout in Dallas (BD+C)
"The exterior of the building at 1899 McKinley will be augmented by more than 40,000 plants that are expected to capture over 1,600 lbs of CO2 and produce 1,200 lbs of oxygen annually."
2. NMHC Multifamily Construction Survey shows significant delays in apartment construction (NMHC)
"The percent of apartment developers reporting construction delays remained essentially the same in the second iteration of the National Multifamily Housing Council’s (NMHC) Construction Survey--56% compared to 55% in the April 3 survey."
3. A COVID-19 task force focuses on crisis communications (BD+C)
"In forming this task force, The Castle Group collaborated with Dr. David Shulkin, FACP, the former Secretary of the U.S. Department if Veterans Affairs, who is currently president of a consulting firm that works with healthcare organizations and companies to innovate and improve wellbeing for patients."
4. Construction employment declines in 20 states and D.C. in March, in line with industry survey showing growing job losses for the sector (AGC)
The association released an analysis of new government data that showed construction employment decreased in 20 states and the District of Columbia. from February to March, held steady in six states and increased in 25 states.
5. John Marx, AIA, on potential economic impacts of COVID-19 (AIA)
"John Marx, AIA, is the Chief Artistic Officer and a design principal at Form4 Architecture, a 32-person, San Francisco-based firm that specializes in, among other things, workplace architecture and interiors."
6. ‘There’s A Wave Coming’: CRE Debt Players Think May Will Be Worse Than April (Bisnow)
"Much of the commercial real estate industry was fretting over the fallout of destroyed businesses and unpaid rents during the month of April. But some of the country’s biggest debt players are bracing themselves for far worse in May."
Related Stories
K-12 Schools | Mar 18, 2024
New study shows connections between K-12 school modernizations, improved test scores, graduation rates
Conducted by Drexel University in conjunction with Perkins Eastman, the research study reveals K-12 school modernizations significantly impact key educational indicators, including test scores, graduation rates, and enrollment over time.
MFPRO+ News | Mar 16, 2024
Multifamily rents stable heading into spring 2024
National asking multifamily rents posted their first increase in over seven months in February. The average U.S. asking rent rose $1 to $1,713 in February 2024, up 0.6% year-over-year.
Market Data | Mar 14, 2024
Download BD+C's March 2024 Market Intelligence Report
U.S. construction spending on buildings-related work rose 1.4% in January, but project teams continue to face headwinds related to inflation, interest rates, and supply chain issues, according to Building Design+Construction's March 2024 Market Intelligence Report (free PDF download).
Contractors | Mar 12, 2024
The average U.S. contractor has 8.1 months worth of construction work in the pipeline, as of February 2024
Associated Builders and Contractors reported that its Construction Backlog Indicator declined to 8.1 months in February, according to an ABC member survey conducted Feb. 20 to March 5. The reading is down 1.1 months from February 2023.
Market Data | Mar 6, 2024
Nonresidential construction spending slips 0.4% in January
National nonresidential construction spending decreased 0.4% in January, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion.
Multifamily Housing | Mar 4, 2024
Single-family rentals continue to grow in BTR communities
Single-family rentals are continuing to grow in built-to-rent communities. Both rent and occupancy growth have been strong in recent months while remaining a financially viable option for renters.
MFPRO+ News | Mar 2, 2024
Job gains boost Yardi Matrix National Rent Forecast for 2024
Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, shows a new special report from Yardi Matrix.
K-12 Schools | Feb 29, 2024
Average age of U.S. school buildings is just under 50 years
The average age of a main instructional school building in the United States is 49 years, according to a survey by the National Center for Education Statistics (NCES). About 38% of schools were built before 1970. Roughly half of the schools surveyed have undergone a major building renovation or addition.
MFPRO+ Research | Feb 27, 2024
Most competitive rental markets of early 2024
The U.S. rental market in early 2024 is moderately competitive, with apartments taking an average of 41 days to find tenants, according to the latest RentCafe Market Competitivity Report.
Construction Costs | Feb 22, 2024
K-12 school construction costs for 2024
Data from Gordian breaks down the average cost per square foot for four different types of K-12 school buildings (elementary schools, junior high schools, high schools, and vocational schools) across 10 U.S. cities.