Archinect - News 2014-11-26T18:06:53-05:00 http://archinect.com/news/article/103274600/millennial-s-not-forming-enough-households Millennial's, not forming enough households Nam Henderson 2014-07-02T23:03:00-04:00 >2014-07-07T17:04:59-04:00 <img src="http://cdn.archinect.net/images/514x/y6/y68h18s23hb5tl9a.jpg" width="514" height="343" border="0" title="" alt="" /><em><p>One reason for weakness: many young people, saddled with student loan debt, elevated unemployment and less-than-perfect credit scores, are staying out of the market.</p></em><br /><br /><p>New research from Harvard's Joint Center for Housing Studies, focuses in on the role of&nbsp;millennial&nbsp;generation in driving demand and shaping recovery.</p><p>&nbsp;As&nbsp;<a href="http://archinect.com/people/cover/2532608/gregory-walker" rel="nofollow" target="_blank">Gregory Walker</a>&nbsp;noted recently, in broad terms, looking at US economy,&nbsp;<a href="http://archinect.com/blog/article/102699382/economic-updates-we-re-not-really-there-yet" rel="nofollow" target="_blank">it is clear</a>&nbsp;<a href="http://archinect.com/blog/article/102699382/economic-updates-we-re-not-really-there-yet" rel="nofollow" target="_blank">we're not really 'there' yet</a>. Remember,&nbsp;the last reported <a href="http://archinect.com/news/article/100170119/contraction-in-architecture-billings-index-continues" rel="nofollow" target="_blank">ABI&nbsp;reverted into negative territory</a>.&nbsp;This despite the fact that "<em>A</em><em>rchitecture firms with a residential specialization continued to report extremely strong billings in May</em>".</p><p><img title="" alt="" src="http://cdn.archinect.net/images/514x/jt/jt1ldnnl3zuknj64.jpg"></p><p>Back in April, <a href="http://www.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html" rel="nofollow" target="_blank">Neil Irwin of the NYT, dug </a><a href="http://www.nytimes.com/2014/04/27/upshot/the-housing-market-is-still-holding-back-the-economy-heres-why.html" rel="nofollow" target="_blank">into the numbers, for what is holding housing back</a>. Though there was an initial post-recession glut,&nbsp;demand is now the issue. If only, because much of the demand that is there now, is for rental multifamily properties. This shift to non-single family homes,&nbsp;by millennials is he argues&nbsp;generating "<em>less spillover benefits for the broader economy</em>".</p> http://archinect.com/news/article/83921770/designing-recovery-competition-winners Designing Recovery competition winners Justine Testado 2013-10-11T17:46:00-04:00 >2013-10-16T12:23:14-04:00 <img src="http://cdn.archinect.net/images/514x/09/095ylx4taibottj9.jpg" width="514" height="383" border="0" title="" alt="" /><em><p>The winners of the "Designing Recovery" competition were announced earlier this month. Hosted by the AIA in partnership with Make It Right, St. Bernard Project, Architecture for Humanity and Dow Building Solutions, participants designed disaster-relief houses to aid survivors of recent natural disasters in New York City, New Orleans, and Joplin, MO. Although there were only three competition winners, all entries that can be easily constructed will be built in these three communities.</p></em><br /><br /><p> The winning proposals are:</p> <ul><li> Resilient House by Sustainable.TO Architecture + Building for New York</li> <li> Shotgun [remix] by GOATstudio LLP for New Orleans</li> <li> CORE House by Q4 Architects for Joplin</li> </ul> http://archinect.com/news/article/55352003/boston-architecture-firms-recovering-from-2008 Boston architecture firms recovering from 2008 Alexander Walter 2012-08-15T17:00:00-04:00 >2012-08-15T17:00:30-04:00 <em><p>Architecture firms in the Boston area are continuing their recovery from the sharp declines in 2008 and 2009, according to the 2012 Architectural Survey from accounting firm CBIZ Tofias. In 2011, these firms saw a slight improvement from the slowdown, which for most firms began in 2008. There were slight increases in the direct labor utilization rate (the percentage of time worked on billable projects) and the profit per direct hour compared to 2010.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/15081123/architects-and-others-too-of-course-no-recovery-until-maybe-2012 Architects (and others too of course) : No recovery until (maybe) 2012 Nam Henderson 2011-07-29T15:26:16-04:00 >2011-07-31T14:40:44-04:00 <img src="http://cdn.archinect.net/images/514x/fw/fwcmjrbb9yb4yx1i.jpg" width="514" height="341" border="0" title="" alt="" /><em><p>Overall nonresidential construction is expected to decline by 5.6 percent</p></em><br /><br /><p> <a href="http://in.reuters.com/article/2011/07/29/idINIndia-58530820110729" rel="nofollow" target="_blank">Reuters reports that the U.S. economy stumbled badly in the first half of this year and came dangerously close to contracting in the January-March period.</a>&nbsp;Also,&nbsp;<a href="http://www.marketwatch.com/story/whiff-of-stagflation-may-come-in-q2-gdp-report-2011-07-28" rel="nofollow" target="_blank">Market Watch suggests</a> Friday&rsquo;s report on the pace of economic growth may be so weak as to spur talk of stagflation. While <a href="http://www.theatlantic.com/business/archive/2011/07/gdp-report-shatters-illusion-of-jobless-productivity-packed-recovery/242761/" rel="nofollow" target="_blank">Derek Thompson writes</a> about how a recent GDP report shatters the illusion of our current jobless, "productivity-packed" recovery.</p> <p> Meanwhile the <a href="http://www.aia.org/practicing/AIAB090310" rel="nofollow" target="_blank">AIA reports</a> that due to the slowed recovery and possible stagflation <strong>overall nonresidential construction is expected to decline by 5.6 percent this year, with no recovery until next year, according to the semi-annual Consensus Construction Forecast.</strong></p> <p> The good news? Health care construction is the only construction segment expected to grow in 2012, according to the American Institute of Architects.</p> <p> <img alt="" src="http://media.economist.com/sites/default/files/imagecache/original-size/20110730_WOC311.gif"></p> http://archinect.com/news/article/14983751/work-increasing-for-landscape-architecture-firms-survey-shows Work Increasing for Landscape Architecture Firms, Survey Shows Alexander Walter 2011-07-28T18:56:04-04:00 >2011-07-29T09:55:12-04:00 <em><p>Three in four landscape architecture firm leaders reported steady or improving billable hours and inquiries in the Q2 2011 American Society of Landscape Architects (ASLA) Business Quarterly survey. The national survey findings reflect continuing optimism for recovery in a key sector of the design and construction industry.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> http://archinect.com/news/article/3355992/my-what-a-big-firm-you-have-new-york-s-largest-architecture-firms-see-a-growing-girth My, what a big firm you have: New York's largest architecture firms see a growing girth J. James R. 2011-04-18T18:10:00-04:00 >2012-10-09T12:18:54-04:00 <img src="http://cdn.archinect.net/images/514x/k4/k48lzw7q242l184v.jpg" width="200" height="200" border="0" title="" alt="" /><em><p>Out of the city's 20 largest firms, 12 added architects during 2010, while only four cut their staff of architects. Hiring has been across the board, from entry-level posts all the way up to the most experienced.</p></em><br /><br /><p> </p> <p> Paul Katz, of Kohn Pedersen Fox Associates, said his firm hired 9 new architects at its New York office raising the number at the start of 2009 of 154 to 163 in 2010-- primary factors have included the West Side's Hudson Yards and the redevelopment of Goldman Sachs' Embassy Suites. Perkins Eastman added an astounding 31 architects raising their 2009 figures of 127 to 158 in 2010-- crediting a resurgence of institutional projects spurring new growth despite lagging residential work. The Top 5 ranked firms in the Crain's list all are reported to have at least 100 licensed architects.<br><br> Mr. Perkins, of Perkins and Eastman,<a href="http://www.crainsnewyork.com/article/20110418/REAL_ESTATE/110419871" rel="nofollow" target="_blank"> said to Crain's</a> that his practice by necessity is becoming global with at least 30% of the firm's business coming from overseas.</p>