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

Market Data | Jun 3, 2016

JLL report: Retail renovation drives construction growth in 2016

Retail construction projects were up nearly 25% year-over-year, and the industrial and office construction sectors fared well, too. Economic uncertainty looms over everything, however.

Market Data | Jun 2, 2016

ABC: Nonresidential construction spending down in April

Lower building material prices, a sluggish U.S. economy, and hesitation among private developers all factor into the 2.1% drop.

Market Data | May 20, 2016

Report: Urban area population growth slows

Older Millennials are looking to buy homes and move away to more affordable suburbs and exurbs.

Market Data | May 17, 2016

Modest growth for AIA’s Architecture Billings Index in April

The American Institute of Architects reported the April ABI score was 50.6, down from the mark of 51.9 in the previous month. This score still reflects an increase in design services.

Market Data | Apr 29, 2016

ABC: Quarterly GDP growth slowest in two years

Bureau of Economic Analysis data indicates that the U.S. output is barely growing and that nonresidential investment is down.

Market Data | Apr 20, 2016

AIA: Architecture Billings Index ends first quarter on upswing

The multi-family residential sector fared the best. The Midwest was the only U.S. region that didn't see an increase in billings.

Building Technology | Apr 11, 2016

A nascent commercial wireless sensor market is poised to ascend in the next decade

Europe and Asia will propel that growth, according to a new report from Navigant.

Industry Research | Apr 7, 2016

CBRE provides latest insight into healthcare real estate investors’ strategies

Survey respondents are targeting smaller acquisitions, at a time when market cap rates are narrowing for different product types.

Market Data | Apr 4, 2016

ABC: Nonresidential spending slip in February no cause for alarm

Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. The figure is a step back but still significantly higher than one year ago.

Market Data | Mar 30, 2016

10 trends for commercial real estate: JLL report

The report looks at global threats and opportunities, and how CRE firms are managing their expectations for growth.

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