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."
Related Stories
Apartments | Aug 22, 2023
Key takeaways from RCLCO's 2023 apartment renter preferences study
Gregg Logan, Managing Director of real estate consulting firm RCLCO, reveals the highlights of RCLCO's new research study, “2023 Rental Consumer Preferences Report.” Logan speaks with BD+C's Robert Cassidy.
Market Data | Aug 18, 2023
Construction soldiers on, despite rising materials and labor costs
Quarterly analyses from Skanska, Mortenson, and Gordian show nonresidential building still subject to materials and labor volatility, and regional disparities.
Apartments | Aug 14, 2023
Yardi Matrix updates near-term multifamily supply forecast
The multifamily housing supply could increase by up to nearly 7% by the end of 2023, states the latest Multifamily Supply Forecast from Yardi Matrix.
Hotel Facilities | Aug 2, 2023
Top 5 markets for hotel construction
According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
Market Data | Aug 1, 2023
Nonresidential construction spending increases slightly in June
National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07 trillion in June.
Hotel Facilities | Jul 27, 2023
U.S. hotel construction pipeline remains steady with 5,572 projects in the works
The hotel construction pipeline grew incrementally in Q2 2023 as developers and franchise companies push through short-term challenges while envisioning long-term prospects, according to Lodging Econometrics.
Hotel Facilities | Jul 26, 2023
Hospitality building construction costs for 2023
Data from Gordian breaks down the average cost per square foot for 15-story hotels, restaurants, fast food restaurants, and movie theaters across 10 U.S. cities: Boston, Chicago, Las Vegas, Los Angeles, Miami, New Orleans, New York, Phoenix, Seattle, and Washington, D.C.
Market Data | Jul 24, 2023
Leading economists call for 2% increase in building construction spending in 2024
Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.
Contractors | Jul 13, 2023
Construction input prices remain unchanged in June, inflation slowing
Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices were also unchanged for the month.
Contractors | Jul 11, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of June 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June 2023, according to an ABC member survey conducted June 20 to July 5. The reading is unchanged from June 2022.
