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

7 must reads for the AEC industry today: July 30, 2020

Market Data

7 must reads for the AEC industry today: July 30, 2020

Millennium Tower finally has a fix and construction costs decrease for the first time in 10 years.


By BD+C Editors | July 30, 2020


1. San Francisco’s Millennium Tower fix approved, moving forward (BD+C) 
"After a two-year permitting and approval process, a fix is finally set to move forward with SGH as the engineer-of-record. SGH evaluated whether the building required structural reinforcement to restore its integrity or seismic resistance to original levels."

2. Two Indianapolis schools find new digs in a long-dormant factory (BD+C) 
"The P.R. Mallory Building in Indianapolis was once where the Duracell battery was invented and patented. Vacant for decades, the 100-year-old building has been jolted back to life through an adaptive reuse project that converted the facility into new homes for the STEM-focused public charter school Purdue Polytechnic High School and Paramount Englewood Middle School."

3. 62% of metros shed construction jobs from June 2019 to June 2020 as Association calls for new infrastructure funding, other relief steps (AGC) 
"New York City and Brockton-Bridgewater-Easton, Mass. have worst 12-month losses, while Austin and Walla Walla, Wash. top job gainers."

4. Crackdowns grow on construction firms that fail to follow COVID-19 guidelines (BD+C) 
"Construction companies that don’t follow guidelines for social distancing, hand-washing, and other coronavirus-related precautions face court action, fines, and possible shutdowns. Many cities and counties have given 30-day grace periods, but some building departments say they will now crack down on scofflaws."

5. Construction costs decrease for first time in 10 years (Construction Dive)
"A variety of pandemic-related forces have caused construction costs to decline slightly for the first time in a decade, which could lead contractors to feel a pinch in profits."

6. White House scrambles on nursing homes as COVID-19 surges (Associated Press)
"Fearing another grim wave of nursing home deaths as COVID-19 cases rebound, President Donald Trump on Wednesday announced his administration will provide $5 billion to help facilities counter the virus."

7. US Single-Family Rent Growth Posts Significant Drop (Globe St)
"Prior to the pandemic, the national rental price growth had been a stable 3%."

 

Related Stories

Designers | Sep 13, 2016

5 trends propelling a new era of food halls

Food halls have not only become an economical solution for restauranteurs and chefs experiencing skyrocketing retail prices and rents in large cities, but they also tap into our increased interest in gourmet locally sourced food, writes Gensler's Toshi Kasai.

Building Team | Sep 6, 2016

Letting your resource take center stage: A guide to thoughtful site selection for interpretive centers

Thoughtful site selection is never about one factor, but rather a confluence of several components that ultimately present trade-offs for the owner.

Market Data | Sep 2, 2016

Nonresidential spending inches lower in July while June data is upwardly revised to eight-year record

Nonresidential construction spending has been suppressed over the last year or so with the primary factor being the lack of momentum in public spending.

Industry Research | Sep 1, 2016

CannonDesign releases infographic to better help universities obtain more R&D funding

CannonDesign releases infographic to better help universities obtain more R&D funding.

Industry Research | Aug 25, 2016

Building bonds: The role of 'trusted advisor' is earned not acquired

A trusted advisor acts as a guiding partner over the full course of a professional relationship.

Multifamily Housing | Aug 17, 2016

A new research platform launches for a data-deprived multifamily sector

The list of leading developers, owners, and property managers that are funding the NMHC Research Foundation speaks to the information gap it hopes to fill.  

Hotel Facilities | Aug 17, 2016

Hotel construction continues to flourish in major cities

But concerns about overbuilding persist.

Market Data | Aug 16, 2016

Leading economists predict construction industry growth through 2017

The Chief Economists for ABC, AIA, and NAHB all see the construction industry continuing to expand over the next year and a half.

Multifamily Housing | Aug 12, 2016

Apartment completions in largest metros on pace to increase by 50% in 2016

Texas is leading this multifamily construction boom, according to latest RENTCafé estimates.

Market Data | Jul 29, 2016

ABC: Output expands, but nonresidential fixed investment falters

Nonresidential fixed investment fell for a third consecutive quarter, as indicated by Bureau of Economic Analysis data.

boombox1 - default
boombox2 -
native1 -

More In Category



AEC Tech

Lack of organizational readiness is biggest hurdle to artificial intelligence adoption

Managers of companies in the industrial sector, including construction, have bought the hype of artificial intelligence (AI) as a transformative technology, but their organizations are not ready to realize its promise, according to research from IFS, a global cloud enterprise software company. An IFS survey of 1,700 senior decision-makers found that 84% of executives anticipate massive organizational benefits from AI. 


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