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

Market Data | Nov 2, 2018

Nonresidential spending retains momentum in September, up 8.9% year over year

Total nonresidential spending stood at $767.1 billion on a seasonally adjusted, annualized rate in September.

Market Data | Oct 30, 2018

Construction projects planned and ongoing by world’s megacities valued at $4.2trn

The report states that Dubai tops the list with total project values amounting to US$374.2bn.

Market Data | Oct 26, 2018

Nonresidential fixed investment returns to earth in Q3

Despite the broader economic growth, fixed investment inched 0.3% lower in the third quarter.

Market Data | Oct 24, 2018

Architecture firm billings slow but remain positive in September

Billings growth slows but is stable across sectors.

Market Data | Oct 19, 2018

New York’s five-year construction spending boom could be slowing over the next two years

Nonresidential building could still add more than 90 million sf through 2020.

Market Data | Oct 8, 2018

Global construction set to rise to US$12.9 trillion by 2022, driven by Asia Pacific, Africa and the Middle East

The pace of global construction growth is set to improve slightly to 3.7% between 2019 and 2020.

Market Data | Sep 25, 2018

Contractors remain upbeat in Q2, according to ABC’s latest Construction Confidence Index

More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins.

Market Data | Sep 24, 2018

Hotel construction pipeline reaches record highs

There are 5,988 projects/1,133,017 rooms currently under construction worldwide.

Market Data | Sep 21, 2018

JLL fit out report portrays a hot but tenant-favorable office market

This year’s analysis draws from 2,800 projects.

Market Data | Sep 21, 2018

Mid-year forecast: No end in sight for growth cycle

The AIA Consensus Construction Forecast is projecting 4.7% growth in nonresidential construction spending in 2018.

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