flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 must reads for the AEC industry today: May 11, 2020

Market Data

6 must reads for the AEC industry today: May 11, 2020

Nashville residential tower will rise 416 feet and the construction industry loses 975,000 jobs.


By BD+C Staff | May 11, 2020


1. Nashville's newest residential tower will rise 416 feet (BD+C) 
"A new residential tower, dubbed Alcove, set to rise at 900 Church Street in Nashville will be the first residential building adjacent to the 17-acre Nashville Yards development."

2. Data centers as a service: The next big opportunity for design teams (VIATechnik blog) 
"As data centers compete to process more data with lower latency, the AEC industry is ideally positioned to develop design standards that ensure long-term flexibility."

3. OZ Architecture releases insight report on future of senior living design (OZ Architecture) 
"In recent years, many older adult communities have shifted away from the healthcare-oriented design of skilled nursing and hospitals in favor of spaces that provide a greater sense of community and emotional well-being. However, new design challenges have arrived as highlighted by the COVID-19 pandemic, showing that older adult populations can be highly susceptible to disease and infection spread in common living communities."

4. Construction industry loses 975,000 jobs in April as new association survey shows deteriorating demand for construction projects (AGC) 
"
The economist said the loss of 975,000 construction jobs from March to April constituted nearly 13% of the industry’s employment and was, by far, the worst one-month decline ever. He added that unemployment among workers with recent construction experience soared by 1.1 million from a year earlier, to 1,531,000, while the unemployment rate in construction jumped from 4.7% in April 2019 to 16.6%."

5. While Luxury Buyers Chase ‘COVID Discount,' Developers Insist Prices Can't Go Any Lower (Bisnow)
"Developers in New York City with pricey luxury apartments to sell were facing an uphill battle in 2020, faced with a supply glut and waning demand. The hill has only gotten steeper the last two months."

6. ‘This Is The Moment’: Tenant Advocates Look To Use Economic Pain To Make Gains (Bisnow)
"While a feared collapse — or a mass strike — in residential rent and mortgage payments didn't materialize this month, housing activists plan to keep the pressure on all levels of government to cancel monthly housing payments until the pandemic has subsided."

 

Related Stories

MFPRO+ Research | Oct 15, 2024

Multifamily rents drop in September 2024

The average multifamily rent fell by $3 in September to $1,750, while year-over-year growth was unchanged at 0.9 percent.

Contractors | Oct 1, 2024

Nonresidential construction spending rises slightly in August 2024

National nonresidential construction spending increased 0.1% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.22 trillion.

The Changing Built Environment | Sep 23, 2024

Half-century real estate data shows top cities for multifamily housing, self-storage, and more

Research platform StorageCafe has conducted an analysis of U.S. real estate activity from 1980 to 2023, focusing on six major sectors: single-family, multifamily, industrial, office, retail, and self-storage.

Student Housing | Sep 17, 2024

Student housing market stays strong in summer 2024

As the summer season winds down, student housing performance remains strong. Preleasing for Yardi 200 schools rose to 89.2% in July 2024, falling just slightly behind the same period last year.

MFPRO+ Research | Sep 11, 2024

Multifamily rents fall for first time in 6 months

Ending its six-month streak of growth, the average advertised multifamily rent fell by $1 in August 2024 to $1,741.

Contractors | Sep 10, 2024

The average U.S. contractor has 8.2 months worth of construction work in the pipeline, as of August 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator fell to 8.2 months in August, according to an ABC member survey conducted Aug. 20 to Sept. 5. The reading is down 1.0 months from August 2023.

Construction Costs | Sep 2, 2024

Construction material decreases level out, but some increases are expected to continue for the balance Q3 2024

The Q3 2024 Quarterly Construction Insights Report from Gordian examines the numerous variables that influence material pricing, including geography, global events and commodity volatility. Gordian and subject matter experts examine fluctuations in costs, their likely causes, and offer predictions about where pricing is likely to go from here. Here is a sampling of the report’s contents.

Contractors | Aug 21, 2024

The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of July 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator held steady at 8.4 months in July, according to an ABC member survey conducted July 22 to Aug. 6. The reading is down 0.9 months from July 2023.

MFPRO+ Research | Aug 9, 2024

Apartment completions to surpass 500,000 for first time ever

While the U.S. continues to maintain a steady pace of delivering new apartments, this year will be one for the record books.

Contractors | Aug 1, 2024

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.

boombox1
boombox2
native1

More In Category




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