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6 must reads for the AEC industry today: September 22, 2020

Construction employment declined in 39 states and no ease of lumber prices in sight.

September 22, 2020 |


1. Wings clipped, airports veer to tech to regain passenger trust (BD+C) 
"The impact of the coronavirus on airport construction and renovation has been mixed. Paul Dorsey, Vice President-Aviation for Manhattan Construction, cautions that the industry must come to grips with the distinct likelihood that some businesses will permanently limit corporate travel in favor of virtual meetings."

2. Washington is the US state with the most value of construction projects underway, says GlobalData (GlobalData)
"
Of the top 10 largest projects in the Washington state, nine were in the execution stage as of August 2020."

3. Construction employment declined in 39 states between August 2019 and 2020 (AGC) 
"California lost the most construction jobs (-52,000, -5.8%) between August 2019 and August 2020, followed by New York (-46,000, -11.3%); Texas (-39,300 jobs, -5.0%); Massachusetts (-20,200 jobs, -12.4%) and Illinois (-17,200 jobs, -7.5%)."

4. No ease of lumber price spikes in sight (BD+C) 
"Wildfires strike Northwest timber industry in wake of Covid-19 shutdowns."

5. Soothing multifamily tenants' fears about pathogens isn't insurmountable (Bisnow)
"The coronavirus pandemic derailed the multifamily industry after years of steadily rising rents, occupancy rates and robust new development. But after hunkering down throughout the late spring and summer, providers say they were able to keep buildings filled and are now ready to meet new demands from safety-minded tenants."

6. AMC’s CEO describes coronavirus precautions, including upgraded air filtration at reopened theaters (CNBC)
"Our theater cleanliness scores are the best they’ve been in decades, an all-time high, AMC Entertainment CEO Adam Aron said on Squawk Box."


 


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