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7 must reads for the AEC industry today: August 28, 2020

Hotel occupancy likely to dip by 29%, and pandemic helps cannabis industry gain firmer footing.

August 28, 2020 |
7 must reads for the AEC industry today: August 28, 2020

 

1. Why Manufactured Housing Is the New Affordable Housing (Commercial Property Executive) - August 24
"Despite the zoning challenges, manufactured housing offers the only affordable detached housing option in the U.S."

2. Many Companies Planned to Reopen Offices After Labor Day. With Coronavirus Still Around, They’re Rethinking That. (WSJ) - August 23
"Companies had hoped to bring homebound workforces back in September, but employee outcry and fears over outbreaks have led bosses to change course."

3. Economic Data Points to Pause in Recovery as Aid Programs Expire (New York Times) - August 21
"The economy’s rebound showed signs of stagnating. Then enhanced unemployment benefits and a small-business loan program expired."

4. Hotel Occupancy Likely To Dip By 29% Over Next Year (Globe St) - August 21
"A new study from Magid and Howarth HTL estimates the losses to the hospitality industry from the coronavirus pandemic at $75 billion."

5. An ‘Unprecedented’ Effort to Stop the Coronavirus in Nursing Homes (New York Times) - August 20
"Researchers are testing an experimental drug to halt sudden outbreaks. The trial may bring a new type of treatment for the virus."

6. From Illicit To Essential: Pandemic Helping Cannabis Industry Gain Firmer Footing (Bisnow) - August 19
"When the economy went into a steep decline last spring, many cannabis retailers and growers said their industry was at risk. The federal prohibition on cannabis already made it difficult to raise needed capital, and with millions of jobs evaporating, legal sales could also crater, leading risk-averse investors to back off even further."

7. Survey: More Than 70% Of CRE Firms Have Seen Their Revenues Drop Significantly During The Pandemic (Bisnow) - August 17
"In early March, Bisnow surveyed hundreds of commercial real estate professionals to find out how the industry was responding to the coronavirus pandemic. At that time, 44% of survey respondents said the effects of the pandemic would be short-term, and that the market would rebound quickly, and only 37% of respondents told Bisnow the pandemic had directly affected their business."


 

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