Archinect - News 2024-05-08T18:03:53-04:00 https://archinect.com/news/article/150348775/march-saw-the-highest-rate-of-construction-layoffs-since-the-start-of-the-pandemic March saw the highest rate of construction layoffs since the start of the pandemic Nathaniel Bahadursingh 2023-05-04T17:49:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/72/72e7c91971da32ca1f4b703a653550de.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>The number of open jobs in construction dropped by 73,000 to 341,000 in March, the second lowest since mid-2021, according to an Associated Builders and Contractors&rsquo; analysis of new Bureau of Labor Statistics data. The openings represent jobs for which employers are actively recruiting.</p></em><br /><br /><p>This figure reflects a 17% decrease in job openings from March 2022. The quantity of open jobs has been volatile so far this year as January saw a 50% dip followed by a <a href="https://archinect.com/news/article/150345224/construction-job-openings-in-february-rebound-after-sharp-dip-in-january" target="_blank">sharp rebound in February</a>. According to the Associated Builders and Contractors (ABC), 3.7% of construction workers were laid off or discharged in March, which is the highest rate since the start of the pandemic.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/b2/b29f5dffa577892a23706c183b5b2fb2.jpeg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/b2/b29f5dffa577892a23706c183b5b2fb2.jpeg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Previously on Archinect: <a href="https://archinect.com/news/article/150345224/construction-job-openings-in-february-rebound-after-sharp-dip-in-january" target="_blank">Construction job openings in February rebound after sharp dip in January</a></figcaption></figure><p>ABC attributes the fall in job openings to fragility in the single-family homebuilding sector. While this is cause for alarm, only a little over 9% of ABC members, which mainly work in the nonresidential sector, expect their staffing levels to fall over the next six months. It is expected this landscape will remain the same over the next few months as inflated interest rates are set to rise again.<br></p> https://archinect.com/news/article/150347582/google-pauses-work-on-downtown-west-san-jose-development Google pauses work on 'Downtown West' San Jose development Josh Niland 2023-04-25T11:48:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/a4/a47932ccd6abce6fc17d25b525765bc7.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>As part of Google&rsquo;s downsizing that went into effect early this year, the company has gutted its development team for the San Jose campus. The construction project, which was supposed to break ground before the end of 2023, has been put on pause, and no plan to restart construction has been communicated to contractors, according to people familiar with the matter who asked not to be named due to non-disclosure agreements.</p></em><br /><br /><p>The news broke on Friday amid a <a href="https://archinect.com/news/article/150345440/dodge-momentum-index-falls-in-march-as-banking-insecurity-intensifies" target="_blank">sector-wide fallout</a> caused in part by the tech recession. CNBC reported that some sources now speculate as to whether or not the 80-acre development will be completed at the same scale though both LendLease and Google have reaffirmed their commitment to it in written statements. Google has now incurred <a href="https://commercialobserver.com/2023/02/google-alphabet-500m-cutting-office/" target="_blank">$500 million</a> in losses for the first quarter of the year alone on office lease exit fees.</p> <figure><p><a href="https://archinect.gumlet.io/uploads/07/07cdb0c03925a0106f5cb0f534d33945.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/07/07cdb0c03925a0106f5cb0f534d33945.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Previously on Archinect: <a href="https://archinect.com/news/article/150265339/google-wins-approval-for-downtown-west-mega-campus-in-san-jose" target="_blank">Google wins approval for 'Downtown West' mega campus in San Jose</a></figcaption></figure><p><a href="https://archinect.com/kohnpedersenfox" target="_blank">Kohn Pedersen Fox</a>, <a href="https://archinect.com/heatherwick" target="_blank">Heatherwick Studio</a>, <a href="https://archinect.com/grimshaw" target="_blank">Grimshaw Architects</a>, <a href="https://archinect.com/SHoP" target="_blank">SHoP Architects</a>, <a href="https://archinect.com/solomoncordwellbuenz" target="_blank">Solomon Cordwell Buenz</a>, <a href="https://archinect.com/firms/cover/83132669/sitelab-urban-studio" target="_blank">SITELAB urban studio</a>, and <a href="https://archinect.com/firms/cover/1910/west-8-urban-design-landscape-architecture" target="_blank">West 8</a> were among the design firms attached to the construction, which was to be the single largest in San Jose history. The project was <a href="https://archinect.com/news/article/150265339/google-wins-approval-for-downtown-west-mega-campus-in-san-jose" target="_blank">approved</a> in 2021 after years of planning and an exchange with local opposition groups that ended in the decision to commit to adding $450 million worth of affordable housing and other community initiatives.&nbsp;</p> https://archinect.com/news/article/150345224/construction-job-openings-in-february-rebound-after-sharp-dip-in-january Construction job openings in February rebound after sharp dip in January Nathaniel Bahadursingh 2023-04-05T17:04:00-04:00 >2023-04-06T13:47:49-04:00 <img src="https://archinect.gumlet.io/uploads/35/356899ed16ca179734d143c5be0cf610.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>After a &ldquo;simply shocking&rdquo; January where half of construction&rsquo;s job openings vanished, the number of positions for which contractors are actively recruiting increased by 129,000 in February, according to analysis of Bureau of Labor Statistics data by Associated Builders and Contractors.</p></em><br /><br /><p>January witnessed a 50% drop of <a href="https://archinect.com/news/tag/277/construction" target="_blank">construction</a> job openings from the month before, with 248,000 unfilled jobs available that month. This figure was 148,000 jobs below the same time last year. A sharp rebound in February saw 412,000 job openings, which led the likes of <a href="https://archinect.com/news/tag/2138957/associated-builders-and-contractors" target="_blank">ABC</a> Chief Economist Anirban Basu to designate January as a &ldquo;statistical aberration&rdquo;. However, this number is still down 9,000 compared to the year prior.&nbsp;</p> <p>Basu said that demand for construction workers remains high even with the threat of a <a href="https://archinect.com/news/tag/2155922/2023-recession" target="_blank">recession</a>, the slow implementation of the United States&rsquo; infrastructure rebuilding program, higher interest rates, and financing concerns. He goes on to say that the rise in job openings indicates that nonresidential construction firms are expecting growth as they anticipate increases in sales, employment, and profit margins. Despite high demand, <em>Construction Dive</em> noted a <a href="https://www.agc.org/news/2023/03/24/construction-employment-rises-45-states-between-february-2022-and-last-month-while-24-states-add" target="_blank">report</a> by the Associated General Contractors of America that many employers lack the staffing to bid on projects.</p> ... https://archinect.com/news/article/150340028/demand-for-design-services-continued-to-fall-in-january-though-at-a-slower-rate-says-aia-architecture-billings-index Demand for design services continued to fall in January, though at a slower rate, says AIA Architecture Billings Index Niall Patrick Walsh 2023-02-22T13:11:00-05:00 >2023-02-22T15:40:15-05:00 <img src="https://archinect.gumlet.io/uploads/85/85538cc7c29f69e50fa592f12dfef32b.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The latest billings data from the <a href="https://archinect.com/firms/cover/49568164/the-american-institute-of-architects" target="_blank">American Institute of Architects</a> has found there to be a continued albeit slower decline in the demand for design services across January 2023. The reduction is the fourth month in a row where billings declined versus the previous month.</p> <p>According to the latest <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> from January, the billings score was 49.3, slightly up from the seasonally-adjusted score of&nbsp;<a href="https://archinect.com/news/article/150337067/demand-for-design-services-continue-to-fall-in-december-s-aia-architecture-billings-index" target="_blank">48.4 in December</a>. A score below 50 nonetheless indicates a decline in billings. Inquiries into new projects continued to post a positive score of 55.2, slightly up from December, while new design contracts entered positive territory with a score of 53.4, up from 50 in December.</p> January ABI Highlights <ul><li>Regional averages: South (46.9); Midwest (51.6); West (51.3); Northeast (50.9).</li><li>Sector index breakdown: mixed practice (56.0); institutional (48.6); multi-family residential (45.9); commercial/industrial (46.8)</li></ul><p>&ldquo;While the downturn in design activity extended to four months in Jan...</p> https://archinect.com/news/article/150337067/demand-for-design-services-continue-to-fall-in-december-s-aia-architecture-billings-index Demand for design services continue to fall in December’s AIA Architecture Billings Index Niall Patrick Walsh 2023-01-26T11:15:00-05:00 >2023-01-26T13:43:34-05:00 <img src="https://archinect.gumlet.io/uploads/cf/cf3bc4bb27ecbfcbaf6e91a58dcb7340.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>New data from the <a href="https://archinect.com/firms/cover/49568164/the-american-institute-of-architects" target="_blank">American Institute of Architects</a> has found there to be a continued decrease in the demand for design services across December 2022, continuing a trend that began two months previously.</p> <p>According to the latest <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> for December, the billings score was 47.5, slightly up from <a href="https://archinect.com/news/article/150333245/november-architecture-billings-index-shows-demand-for-design-services-continues-to-slow" target="_blank">46.6 in November</a>. A score below 50 nonetheless indicates a decline in billings. Inquiries into new projects continued to post a positive score of 52.3, although new design contracts remained in negative territory with a score of 49.4.</p> December ABI Highlights <p>Regional averages: South (48.8); Midwest (49.4); West (45.5); Northeast (46.5).</p> <p>Sector index breakdown: mixed practice (54.8); institutional (47.3); multi-family residential (44.3); commercial/industrial (45.2)</p> <p>&ldquo;Despite strong revenue growth last year, architecture firms have modest expectations regarding business conditions this coming year,&rdquo; said AIA Chief Economist Kermit Baker. &ldquo;With ABI scores for the entire fourth...</p> https://archinect.com/news/article/150335634/civil-construction-energy-sectors-expected-to-show-positive-growth-in-2023-despite-recession-concerns Civil construction, energy sectors expected to show positive growth in 2023 despite recession concerns Josh Niland 2023-01-13T13:58:00-05:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/e9/e903249f47db407d2cffc06fc9e7a5eb.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>The Infrastructure Investment and Jobs Act will boost activity in the civil construction space in 2023, according to Dodge Construction Network. Dodge expects civil construction starts, such as public transit, roads, bridges, EV charging stations, water-related projects and power plants, to total $281 billion in 2023, a 16% jump from last year. Dodge&rsquo;s forecast assumes that 85% of infrastructure money will be spent by 2027.</p></em><br /><br /><p>Highway and bridge constructions are expected to jump by 20% each to $94.4 and $26.6 billion, respectively. Starts on water management projects are also expected to jump by 14% to $68.8 billion, according to the DCN. The network&rsquo;s Chief Economist, Richard Branch, pointed to federal infrastructure spending authored by the Biden administration as the main source for continued improvements. Spending on EV <a href="https://archinect.com/news/article/150325242/all-ev-charging-state-plans-approved-by-the-federal-highway-administration" target="_blank">charging stations</a> also provided a boost in the transportation sector.</p> <figure><p><a href="https://archinect.gumlet.io/uploads/b1/b13fdf0552774ef2b9c4e41b28ebea66.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/b1/b13fdf0552774ef2b9c4e41b28ebea66.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Related on Archinect: <a href="https://archinect.com/news/article/150325242/all-ev-charging-state-plans-approved-by-the-federal-highway-administration" target="_blank">All EV charging state plans approved by the Federal Highway Administration</a></figcaption></figure><p>&ldquo;A recession would lower the demand for construction workers and put more downward pressure on prices,&rdquo; Branch said. &ldquo;So, if we were to go into recession in 2023, it could mean here for infrastructure that more real work actually gets done for the dollars allocated.&rdquo; </p> https://archinect.com/news/article/150333245/november-architecture-billings-index-shows-demand-for-design-services-continues-to-slow November Architecture Billings Index shows demand for design services continues to slow Josh Niland 2022-12-20T14:10:00-05:00 >2022-12-21T14:02:19-05:00 <img src="https://archinect.gumlet.io/uploads/14/142ff65a107f6d2f8e67ec693c940004.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Data taken from the latest American Institute of Architects (<a href="https://archinect.com/firms/cover/49568164/the-american-institute-of-architects" target="_blank">AIA</a>) report shows a continued decrease in the demand for design services industry-wide in November as economic concerns for the new year loom.&nbsp;</p> <p>The new <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index (ABI)</a> score for the month was 46.6, down from October&rsquo;s 47.7 <a href="https://archinect.com/news/article/150330550/october-s-architecture-billings-index-records-a-decline-for-the-first-time-in-nearly-two-years" target="_blank">figure</a> (a score below 50 indicates a decline). New project inquiries managed to stay above the threshold with a score of 52.0, while the requisition of new contacts dipped slightly to a score of 46.9.</p> November ABI Highlights <ul><li>Regional averages: South (50.5); Midwest (47.6); West (45.8); Northeast (42.4)</li><li>Sector index breakdown: mixed practice (51.5); institutional (47.7); multi-family residential (46.1); commercial/industrial (44.2)</li></ul><p>&ldquo;Given the slowdown in new project work, many architecture firms will rely on their near record levels of backlogs to support revenue,&rdquo; said the AIA's Chief Economist, Kermit Baker, Hon. AIA, PhD. &ldquo;Still, firm leaders remain largely optimistic about future busin...</p> https://archinect.com/news/article/150332818/construction-backlog-indicator-reaches-highest-level-since-2019 Construction Backlog Indicator reaches highest level since 2019 Nathaniel Bahadursingh 2022-12-15T09:00:00-05:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/5c/5cb0fc12b7725d3c478d3d5077808dab.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The Associated Builders and Contractors (ABC) has reported that its Construction Backlog Indicator (CBI) has increased to 9.2 months in November, the highest level since the second quarter of 2019.&nbsp;</p> <p>This reading is 0.4 months up from October and a 0.8-month increase from November 2021. ABC&rsquo;s CBI measures the amount of work that will be performed by commercial and industrial contractors in the months ahead. November&rsquo;s rise is attributed to contractors with under $30 million in revenue, which saw a 0.6-month change from October.&nbsp;</p> <p>The commercial and institutional categories and healthcare-related <a href="https://archinect.com/news/tag/277/construction" target="_blank">construction</a> were the main drivers of the backlog improvement.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/61/619408eaa8ce3e6f43e0c58e972c8b10.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/61/619408eaa8ce3e6f43e0c58e972c8b10.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Graphic: Associated Builders and Contractors</figcaption></figure><p>&ldquo;The rise in backlog is remarkable and unexpected,&rdquo; said ABC Chief Economist Anirban Basu. &ldquo;A number of contractors have been reporting that their backlog has risen rapidly over the past three months, which is counterintuitive given the pervasive view that the broader economy is headed i...</p> https://archinect.com/news/article/150332425/construction-job-openings-decrease-along-with-fewer-quits-in-october-according-to-abc-study Construction job openings decrease along with fewer quits in October according to ABC study Nathaniel Bahadursingh 2022-12-12T09:10:00-05:00 >2022-12-12T14:26:12-05:00 <img src="https://archinect.gumlet.io/uploads/4e/4ee4c50ea21f685b59251fc2bedcdcf6.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>Construction filled more hard hats in October, as the total job openings dropped by 52,000 from a month earlier to 371,000, or 21,000 fewer vacancies than in October 2021, according to an analysis of Bureau of Labor Statistics data by Associated Builders and Contractors (ABC).</p></em><br /><br /><p>The U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) program defines a job opening as any unfilled position for which an employer is actively recruiting. While October's reading is promising, given a looming <a href="https://archinect.com/news/tag/4302/recession" target="_blank">recession</a> and <a href="https://archinect.com/news/tag/1393265/labor-shortage" target="_blank">labor shortages</a>, 4.6% of all <a href="https://archinect.com/news/tag/277/construction" target="_blank">construction</a> positions remain unfilled, which is more than at any point from when this data started to be gathered in 2000 through 2018.&nbsp;</p> <p>However, on a brighter note, the number of workers who quit their job across all sectors fell to its lowest level since May 2021. The Associated Builders and Contractors anticipate increasing construction industry job openings even as the U.S. economy weakens. </p> https://archinect.com/news/article/150331529/don-t-expect-big-tech-s-economic-crunch-to-slow-the-pace-of-data-center-construction-experts-say Don't expect Big Tech's economic crunch to slow the pace of data center construction, experts say Josh Niland 2022-11-29T09:00:00-05:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/2a/2a59f23da08bb8d9f4b1ebb553966016.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>High inflation, rising interest and plummeting stocks are taking a toll on Big Tech [...] Despite the amount of blood on tech firms&rsquo; payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources.</p></em><br /><br /><p>The expected pullback from larger <a href="https://www.datacenterdynamics.com/en/analysis/what-is-a-hyperscale-data-center/" target="_blank">hyperscale</a>&nbsp;data centers is nonetheless on pace to be absorbed by concurrent increases in the proliferation of smaller and more quickly deliverable <a href="https://www.techtarget.com/searchdatacenter/definition/colocation-colo" target="_blank">colocation</a> centers, according to recent <a href="https://www.researchandmarkets.com/reports/5229541/global-modular-data-center-market-by-component?utm_source=CI&amp;utm_medium=PressRelease&amp;utm_code=5v3k8v&amp;utm_campaign=1779505+-+Global+Modular+Data+Center+Market+Report+2022%3a+Proliferation+of+Data+Center+Colocation+Facilities+Globally+Drives+Sector&amp;utm_exec=como322prd" target="_blank">market data</a>.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/a7/a7b91dd817d11b7cd6b14585a84c99e5.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/a7/a7b91dd817d11b7cd6b14585a84c99e5.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Related on Archinect: <a href="https://archinect.com/news/article/150326280/dodge-momentum-index-records-dramatic-increase-in-september-led-by-data-centers-and-large-east-coast-commercial-projects" target="_blank">Dodge Momentum Index records dramatic increase in September, led by data centers and large East Coast commercial projects</a></figcaption></figure><p>Dodge Data &amp; Analytics chief economist Richard Branch says he expects that boom will continue for at least the next two years. Google and Meta continue to be big drivers as demand is simply outstripping cost concerns. Other companies are even floating the possibility of data center construction <a href="https://spacenews.com/lonestar-emerges-from-stealth-with-plans-for-lunar-data-centers/" target="_blank">on the moon</a> should technology and the proper legal bodies allow.</p> https://archinect.com/news/article/150330602/construction-will-stagnate-in-2023-as-recession-looms-warns-dodge-construction-outlook Construction will stagnate in 2023 as recession looms, warns Dodge Construction Outlook Niall Patrick Walsh 2022-11-17T11:59:00-05:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/eb/eb59323a9f8fd92d6c80e1959cd5ddf2.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The <a href="https://archinect.com/news/tag/1930193/dodge-index" target="_blank">Dodge Construction Network</a> has produced a forecast for the U.S. <a href="https://archinect.com/news/tag/1244959/building-and-construction" target="_blank">construction</a> sector for 2023, in which it signals a slowdown across many typologies. Overall, the dollar value of construction starts will be $1.08 trillion, which, though unchanged from 2022, represents a 3% dip when adjusted for <a href="https://archinect.com/news/tag/637890/inflation" target="_blank">inflation</a>.</p> <p>Dodge&rsquo;s analysis suggests the stagnation will not be felt evenly across the industry, with declines in residential and commercial activity offset by growths in manufacturing and infrastructure. </p> <figure><figure><a href="https://archinect.gumlet.io/uploads/64/64b41ee7fe069edb80b336b6fdb3d007.jpeg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/64/64b41ee7fe069edb80b336b6fdb3d007.jpeg?auto=compress%2Cformat&amp;w=514"></a><figcaption>Related on Archinect: <a href="https://archinect.com/news/article/150326828/housing-sector-is-in-a-recession-warns-leading-construction-economist" target="_blank">'Housing sector is in a recession' warns leading construction economist</a></figcaption></figure></figure><p>The dollar value of single-family homes starts will hold steady in 2023 versus 2022, which, when adjusted for inflation, represents a decline of 5%. The number of single-family housing units is expected to decline by 6% to 891,000 units, a fall fuelled by higher mortgage rates and continued <a href="https://archinect.com/news/tag/269/economy" target="_blank">high construction costs</a>. </p> <p>The multifamily sector will show similar stagnation with a 1% rise in the value o...</p> https://archinect.com/news/article/150330550/october-s-architecture-billings-index-records-a-decline-for-the-first-time-in-nearly-two-years October's Architecture Billings Index records a decline for the first time in nearly two years Josh Niland 2022-11-16T13:35:00-05:00 >2022-11-17T13:31:01-05:00 <img src="https://archinect.gumlet.io/uploads/4d/4d9c84754f83a6174d62147f2e5a2bf3.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The data contained in the latest&nbsp;<a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index (ABI)</a>&nbsp;from the <a href="https://archinect.com/firms/cover/49568164/the-american-institute-of-architects" target="_blank">American Institute of Architects (AIA)</a> shows a "considerable" decrease in the demand for design services across the industry in a sign that points to the arrival of a long-dreaded turndown for firms heading into the new year.&nbsp;</p> <p>The ABI score for October was 47.7, down from <a href="https://archinect.com/news/article/150327371/september-architecture-billings-index-dips-slightly-but-remains-in-growth-for-20th-consecutive-month" target="_blank">September's</a> 51.7 total and representing the first time since <a href="https://archinect.com/news/article/150251649/architecture-billings-index-in-january-continues-to-contract" target="_blank">January of 2021</a> that the index has fallen below the threshold of 50 (which indicates a decline). The overall value of design contracts also dropped to a score of 48.6, with an increase in new project inquiries recorded at a score of 52.3.</p> October ABI Highlights: <ul><li>Regional averages: Midwest (50.8); South (50.6); Northeast (50.3); West (49.6)</li><li>Sector index breakdown: institutional (54.3); mixed practice (50.8); multi-family residential (46.1); commercial/industrial (45.9)</li></ul><p>&ldquo;Economic headwinds have been steadily mounting, and finally led to weakening demand for new projects,&rdquo; the AIA Chie...</p> https://archinect.com/news/article/150326828/housing-sector-is-in-a-recession-warns-leading-construction-economist 'Housing sector is in a recession' warns leading construction economist Niall Patrick Walsh 2022-10-13T12:16:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/63/636de5e9fba46b1b6884471803b0a355.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>A leading economist in the <a href="https://archinect.com/news/tag/1249767/aec" target="_blank">AEC</a> industry has warned that the United States' housing sector has entered a <a href="https://archinect.com/news/tag/269/economy" target="_blank">recession</a>, with ramifications for homebuilding in the coming years. Robert Dietz, chief economist at the National Association of Home Builders (NAHB), <a href="https://www.globest.com/2022/10/12/nahb-we-are-in-a-recession/?slreturn=20220913100205" target="_blank">made the comments</a> at the National Association of Real Estate Editors&rsquo; annual conference in Atlanta, GA this week.</p> <p>&ldquo;What I think is beyond denial right now, beyond debate, is the fact that the housing sector itself is in recession,&rdquo; Dietz told the conference. &ldquo;We had two negative quarters of GDP earlier this year, we&rsquo;ll soon see a positive quarter in the Q3 report, but then we&rsquo;ll have negative growth in Q4 and the first two quarters of 2023.&rdquo; </p> <figure><p><a href="https://archinect.gumlet.io/uploads/bb/bb78420a4bc622fe1d84b0fa70e05f31.jpeg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/bb/bb78420a4bc622fe1d84b0fa70e05f31.jpeg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Archinect Feature: <a href="https://archinect.com/features/article/150199631/op-ed-don-t-waste-a-recession" target="_blank">Op-Ed: Don&rsquo;t Waste A Recession</a></figcaption></figure><p>Dietz&rsquo; pessimism about the industry is fuelled by the NAHB&rsquo;s National Homebuilder Sentiment Index, a metric which, similar to the <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">AIA&rsquo;s Architecture Billing Index</a>, is used as a bellwether for the industry&rsquo;s performance. &ldquo;It&rsquo;s fallen for nine stra...</p> https://archinect.com/news/article/150319707/dodge-momentum-index-builds-on-14-year-high-with-slight-jump-in-july-figures Dodge Momentum Index builds on 14-year high with slight jump in July figures Josh Niland 2022-08-08T10:00:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/d0/d0b924139e048dd942558213546b71dc.jpeg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The <a href="https://archinect.com/news/tag/1930193/dodge-index" target="_blank">Dodge Momentum Index</a>&nbsp;hit a 14-year high in June and recorded another 2.9% increase in July. The index now stands at 178.7, up from June&rsquo;s <a href="https://archinect.com/news/article/150317608/declines-in-u-s-building-sectors-see-a-5-fall-in-june-construction-starts" target="_blank">figure</a> of 173.6.</p> <p>&ldquo;Commercial planning in July was led by an increase in data center, office and warehouse projects, while fewer education and healthcare projects drove the institutional component lower,&rdquo; the latest report reads. &ldquo;Compared to July 2021, the Momentum Index was 8%. The commercial component was 15% higher, while the institutional component was 3% lower than a year ago.&rdquo;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/ed/ed58c8a2b2b778e94fbce38ef986e06c.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/ed/ed58c8a2b2b778e94fbce38ef986e06c.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Graphic: Dodge Construction Network</figcaption></figure><p>The index mentioned 14 projects carrying values of $100 million or more being recorded in July. Among them, new projects in Sacramento, Miami, and suburban D.C. were the biggest commercial heavy hitters. Three institutional projects, including <a href="https://archinect.com/bmdarch" target="_blank">Blair + Mui Dowd</a>&rsquo;s $500 million Vanderbilt University Medical Center expansion, also topped the $100 million threshold.&nbsp;<br></p> <p>Dodge Construction Network has said it will watch closely to see if t...</p> https://archinect.com/news/article/150318265/america-s-largest-cities-have-seen-a-spike-in-commercial-and-multifamily-construction-starts-during-first-half-of-2022 America's largest cities have seen a spike in commercial and multifamily construction starts during first half of 2022 Josh Niland 2022-07-27T15:44:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/2d/2dc7404d97d433770e253c0aec04b20f.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>A new report from the <a href="https://archinect.com/news/tag/1930193/dodge-index" target="_blank">Dodge Construction Network</a> indicates the continued rebound of the building industry in 12 of America&rsquo;s 20 largest metropolitan areas during the first two quarters of 2022, propelled by new starts in the commercial and multifamily residential sectors.</p> <p>A survey at the year&rsquo;s midway point revealed a 24% year-to-year increase in the value of all new starts within those two sectors, which were driven by demand for housing that is increasingly focused on more affordable apartment and condominium designs. The increases offer a strong indicator of continued performance of the industry through the rest of the year, according to Dodge Construction Network chief economist Richard Branch. </p> <figure><p><a href="https://archinect.gumlet.io/uploads/39/39f6d826de9d4b0ce551817ef7ca76e7.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/39/39f6d826de9d4b0ce551817ef7ca76e7.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Previously on Archinect: <a href="https://archinect.com/news/article/150296334/commercial-and-multifamily-construction-starts-reflect-nationwide-recovery-in-2021https://archinect.com/news/article/150296334/commercial-and-multifamily-construction-starts-reflect-nationwide-recovery-in-2021" target="_blank">Commercial and multifamily construction starts reflect nationwide recovery in 2021</a></figcaption></figure><p>Only three of the top 10 areas surveyed &mdash; Seattle, Los Angeles, and Philadelphia &mdash; were in decline as the starts in the rest of the country rose a total of 18% when compared to the ...</p> https://archinect.com/news/article/150312591/dodge-momentum-index-rises-an-additional-7-in-may-indicating-secure-construction-sector-amidst-uncertain-economy Dodge Momentum Index rises an additional 7% in May, indicating secure construction sector amidst uncertain economy Nathaniel Bahadursingh 2022-06-08T15:11:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/6d/6d4fcfe6fe60f8c4233b49bacb3613e6.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The <a href="https://archinect.com/news/tag/1930193/dodge-index" target="_blank">Dodge Momentum Index</a> rose 7% in May to 176.2, up from the revised April reading of 165.2. The institutional component of the Index rose 9% and commercial planning rose 6%.</p> <p>May&rsquo;s increase pushed the level of planning above the most recent <a href="https://archinect.com/news/article/150287650/non-residential-projects-in-planning-are-at-a-14-year-high-according-to-new-analysis" target="_blank">cyclical high set in November 2021</a>. Last month, commercial planning was led by an increase in office and hotel projects. Institutional developments were driven by an increase in education and healthcare projects entering planning. The Index is 17% higher in May 2022 compared to the same period in 2021, with commercial planning up 24% and institutional planning 8% higher than a year ago.&nbsp;</p> <p>A total of 19 projects with a value of $100 million or more entered planning in May. The leading commercial projects were the $333 million Bitcoin Mining Facility in Corsicana, Texas and the $300 million Gun Lake Hotel and Resort in Wayland, Michigan. The leading institutional projects were the $250 million <a href="https://archinect.com/schools/cover/9074886/drexel-university" target="_blank">Drexel University</a> life sciences building in Philadelphi...</p> https://archinect.com/news/article/150310230/construction-starts-rebounded-in-april-following-rises-in-nonresidential-and-residential-building-starts Construction starts rebounded in April following rises in nonresidential and residential building starts Nathaniel Bahadursingh 2022-05-17T16:54:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/4f/4f2d575c3b5a8ae72a0efd09308e8abb.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Total construction starts rebounded in April according to a new <a href="https://archinect.com/news/tag/1930193/dodge-index" target="_blank">Dodge Construction Network</a> study, rising 3% to a seasonally adjusted annual rate of $945.8 billion. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts decreased by 4%.</p> <p>Compared to the first four months of 2021, total construction starts were 6% higher during the same period in 2022. Nonresidential building starts and residential starts rose 19% and 3% respectively, while nonbuilding starts were 2% lower. And, for the 12 months ending April 2022, total construction starts were 12% above that period ending April 2021. Nonresidential starts were 24% higher, residential starts increased 11%, and nonbuilding starts fell 1%.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/4e/4e8c37bd357c19420959f2f60a94403a.png?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/4e/4e8c37bd357c19420959f2f60a94403a.png?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Graphic courtesy of Dodge Construction Network</figcaption></figure><p>&ldquo;The construction sector is seemingly shrugging off the fear of higher interest rates and a potential <a href="https://archinect.com/news/tag/4302/recession" target="_blank">recession</a>,&rdquo; said Dodge Construction Network chief economist Richard Branch. &ldquo;Many building sectors have ...</p> https://archinect.com/news/article/150260398/architecture-billings-index-in-march-continues-recovery-reaches-new-heights Architecture Billings Index in March continues recovery, reaches new heights Alexander Walter 2021-04-21T14:16:00-04:00 >2021-04-22T13:08:36-04:00 <img src="https://archinect.gumlet.io/uploads/e9/e994edb3535000429fd2531ec4b735af.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The <a href="https://archinect.com/firms/cover/49568164/the-american-institute-of-architects" target="_blank">American Institute of Architects</a> released its latest economic report this morning, and the overall trajectory is welcome news to the architecture industry: rising to 55.6, the <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index (ABI)</a> for March not only reached its second positive mark since the beginning of the pandemic one year ago (when it dropped to a historic low of <a href="https://archinect.com/news/article/150194646/cratering-economy-registers-historic-drop-in-architecture-billings-index" target="_blank">33.3 in March '20</a>), but it also, according to the AIA, climbed to a score "not seen since pre-Great Recession" this month.</p> <p>The design contract score continued the positive trend it began last month, hitting 55.7 in March. The new project inquiries score also improved from 61.2 in February to now 66.9. <br></p> <p>The March report also registered all building sectors and regions posting positive scores for the first time in three years.</p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in <a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.<br></p> More March ABI Highlights <ul><li>Regional averages: Midwest (56....</li></ul> https://archinect.com/news/article/150256423/architecture-billings-index-in-february-reaches-first-positive-mark-after-a-year-of-monthly-declines Architecture Billings Index in February reaches first positive mark after a year of monthly declines Alexander Walter 2021-03-24T13:47:00-04:00 >2021-03-25T13:32:50-04:00 <img src="https://archinect.gumlet.io/uploads/c8/c82e047b899bf4b23f23302861c8ead6.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The latest economic report from the American Institute of Architects is indicating a mild sense of optimism: the&nbsp;<a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> (ABI) for the month February climbed back into positive territory for the first time since February 2020. At a score of 53.3, the new ABI marked a significant increase compared to <a href="https://archinect.com/news/article/150251649/architecture-billings-index-in-january-continues-to-contract" target="_blank">44.9 in January</a>. <br></p> <p>The design contract score also re-entered positive terrain since the beginning of the pandemic with a score of 51.6 compared to 48.8 in January. The new project inquiries score expanded from 56.8 in January to 61.2 in February, a 22-month high water mark.&nbsp;<br></p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in <a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.</p> More February ABI Highlights <ul><li>Regional averages: South (52.4); West (49.5); Midwest (49.3); Northeast (46.9)</li><li>Sector index breakdown: mixed practice (52.5); commercial/industrial (50.5); multi-family residential (48.3); institutional (47.8)</li><li>Projec...</li></ul> https://archinect.com/news/article/150251649/architecture-billings-index-in-january-continues-to-contract Architecture Billings Index in January continues to contract Alexander Walter 2021-02-24T13:32:00-05:00 >2021-02-24T13:40:53-05:00 <img src="https://archinect.gumlet.io/uploads/59/592c439534063737b439ec8ac3abd930.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The latest economic study from the American Institute of Architects indicates that fewer architecture firms reported declining billings due to slightly improved business conditions, however overall billings continued to contract.</p> <p>The <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> (ABI) for the month of January slightly rose to 44.9 compared to the revised <a href="https://archinect.com/news/article/150245995/architecture-billings-index-in-december-continues-to-lose-ground" target="_blank">December score</a> of 42.3. The report saw a modest increase in inquiries into new projects during January, with a score of 56.8 compared to 51.7 in December. The value of new design contracts mildly improved to a score of 48.8 (December: 47.0), reflecting an easing in the pace of decline.<br></p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in <a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.</p> More January ABI Highlights <ul><li>Regional averages: South (47.4); West (42.8); Midwest (42.2); Northeast (41.9)</li><li>Sector index breakdown: mixed practice (47.9); multi-family residential (44.4); commercial/industrial (44.3...</li></ul> https://archinect.com/news/article/150245995/architecture-billings-index-in-december-continues-to-lose-ground Architecture Billings Index in December continues to 'lose ground' Alexander Walter 2021-01-20T13:34:00-05:00 >2022-03-14T10:01:08-04:00 <img src="https://archinect.gumlet.io/uploads/47/479a387eceada5c9957b70b53071b43a.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The American Institute of Architects published the new economic report for the month of December this morning, indicating a considerable decline in demand for design services from U.S. architecture firms. The <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> dropped to a score of 42.6, well below <a href="https://archinect.com/news/article/150241719/architecture-billings-index-in-november-contracts-once-again" target="_blank">November's 46.3 score</a>. <br></p> <p>The report shows the pace of growth of inquiries into new projects as flat from November to December with a score of 52.4. The value of new design contracts remained in negative terrain with a score of 48.5.<br></p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in <a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.</p> More December ABI Highlights <ul><li>Regional averages: South (46.8); Midwest (43.6); West (43.4); Northeast (38.8)</li><li>Sector index breakdown: mixed practice (48.0); commercial/industrial (47.2); multi-family residential (46.1); institutional (38.5)</li><li>Project inquiries index: 52.4</li><li>Design contracts index: 48.5</li></ul><p>"Since the national economic recovery...</p> https://archinect.com/news/article/150241719/architecture-billings-index-in-november-contracts-once-again Architecture Billings Index in November contracts once again Alexander Walter 2020-12-16T13:47:00-05:00 >2020-12-16T13:48:34-05:00 <img src="https://archinect.gumlet.io/uploads/65/654b46c815d5582acd545ff6861113d2.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The latest economic report from the American Institute of Architects shows a continued decline of architecture firm billing activity. The <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> for the month of November fell below <a href="https://archinect.com/news/article/150238152/architecture-billings-index-in-october-remains-stalled" target="_blank">October's</a>, now posting a score of 46.3. <br></p> <p>The Institute also registered a slowing pace of inquiries into new projects, albeit remaining in positive terrain with a score of 52.0 (compared to the October score of 59.1). The value of new design contracts however fell back into the negative zone with a 48.6 score after briefly inching into growth territory in October for the first time since the beginning of the pandemic.</p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in&nbsp;<a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.</p> More November ABI Highlights <ul><li>Regional averages: Midwest (50.1); West (48.3); South (46.7); Northeast (38.7)</li><li>Sector index breakdown: multi-family residential (52.2); mixed practice (49.5); commercial/industrial (47.5)...</li></ul> https://archinect.com/news/article/150238152/architecture-billings-index-in-october-remains-stalled Architecture Billings Index in October remains stalled Alexander Walter 2020-11-18T13:17:00-05:00 >2020-11-20T18:01:04-05:00 <img src="https://archinect.gumlet.io/uploads/87/879f35790aa021946a42dc501dd40820.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Architectural billings remained largely unchanged from the previous month during October, reports the American Institute of Architects in its latest <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a>&nbsp;(ABI) this morning. The current pace of decline in firm billings was registered at 47.5&nbsp;&mdash; only a mild improvement from the <a href="https://archinect.com/news/article/150234124/september-sees-modest-improvement-in-architecture-billings-index-relative-to-recent-months" target="_blank">47.0 score in September</a> and significantly behind pre-pandemic growth numbers that <a href="https://archinect.com/news/article/150194646/cratering-economy-registers-historic-drop-in-architecture-billings-index" target="_blank">abruptly ended in March</a>.</p> <p>The report signals a modest increase in new project inquiries, growing from 57.2 in September to 59.1 in October. The score for newly signed design contracts inched into positive terrain for the first time since the beginning of the pandemic at 51.7.</p> <p>Meanwhile hiring in the architecture industry is continuing to rebound, but remains volatile, as seen in&nbsp;<a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.</p> More October ABI Highlights <ul><li>Regional averages: West (50.4); Midwest (49.4); South (45.8); Northeast (44.9)</li><li>Sector index breakdown: multi-family residential (55.1); mixed practice (52...</li></ul> https://archinect.com/news/article/150234124/september-sees-modest-improvement-in-architecture-billings-index-relative-to-recent-months September sees modest improvement in Architecture Billings Index relative to recent months Paul Petrunia 2020-10-21T17:37:00-04:00 >2020-10-22T13:56:54-04:00 <img src="https://archinect.gumlet.io/uploads/e9/e9ab0d42140137e6b2bd027b3ce3efbd.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Last month fewer architecture firms reported a decline in billings, up slightly from previous months, but still lagging behind pre-pandemic numbers. The AIA's&nbsp;<a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a>&nbsp;(ABI) report for the month of September shows a score of 47.0, indicating that a little over half of firms are continuing to see a decline in revenue, up from 40.0 in August. The reported number of inquiries, however, are promising, up to&nbsp;57.2 compared to 51.6 in August.&nbsp;</p> <p>Architectural employment is continuing to rebound, but remains volatile, as seen in&nbsp;<a href="https://archinect.com/jobs" target="_blank">Archinect's industry-leading architecture job board</a>.&nbsp;</p> More September ABI Highlights <ul><li>Regional averages: West 45.6 (41.7 in August); South 43.7 (41.6 in August); Midwest 45.6 (41.3 in August); Northeast 41.5 (33.9 in August)</li><li>Sector index breakdown: residential 54.0; commercial/industrial 43.3; institutional 40.5</li><li>Design contracts index: 46.0</li><li>Firms reported that they expect their revenue to decrease by an average of 1.9% from the third quarter to the fourt...</li></ul> https://archinect.com/news/article/150232111/get-to-know-the-panelists-for-monday-s-panel-on-getting-through-a-recession Get to know the panelists for Monday's panel on getting through a recession Archinect 2020-10-10T13:42:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/47/4710e777be1e495364bf4a9122aea223.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>While it's easy to see a recession as nothing but challenge and hardship, a downturn in the economy has historically provided opportunities to make positive change, for both individuals and businesses.&nbsp;</p> <p>On Monday we'll be (virtually)&nbsp;hosting an important discussion with a group of panelists that have a lot of valuable insight for architects and firm owners about how to best get through a recession. The panel,&nbsp;Lessons on Surviving, and Even Thriving Through a Recession, will take place on Monday, October 12th, from 1-2pm EST (10-11am PST).&nbsp;</p> <p>How does the current recession compare to previous recessions?&nbsp;Why is architecture so vulnerable to changes in the economy?&nbsp;Should firms scale back or push forward and spend during a recession?&nbsp;How can a firm take advantage of opportunities a recession brings?&nbsp;What's the best approach to leading a team through a challenging time?&nbsp;These are just a few of the questions we plan to address during the panel.&nbsp;</p> <p><a href="https://www.parade.build/events?event_id=11&amp;platform=archinect-panelists-news" target="_blank">RSVP here to reserve your spot</a>. Our audienc...</p> https://archinect.com/news/article/150228187/architecture-billings-index-in-august-business-conditions-remained-stalled Architecture Billings Index in August: 'business conditions remained stalled' Alexander Walter 2020-09-23T13:05:00-04:00 >2020-09-23T14:48:07-04:00 <img src="https://archinect.gumlet.io/uploads/bc/bcc9280dc97e80e7747c75f10fb4648a.png?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>The American Institute of Architects (AIA) has published its <a href="https://archinect.com/news/tag/107273/architecture-billings-index" target="_blank">Architecture Billings Index</a> (ABI) report for the month of August,&nbsp;showing stalled business conditions for architecture firms and a further decline in demand for design services, represented by an unchanged score of 40.0 for the third consecutive month.</p> August ABI Highlights <ul><li>Architecture Billings Index score for August:&nbsp;40.0<strong></strong></li><li>Regional averages: Midwest (41.7); South (41.6); West (41.3); Northeast (33.9)</li><li>Sector index breakdown: multi-family residential (49.4); mixed practice (41.9); institutional (40.2); commercial/industrial (35.5)</li><li>Project inquiries index: 51.6</li><li>Design contracts index: 46.0</li></ul><p>"Unfortunately, since the start of the COVID-19 pandemic, many architecture firms are finding fewer inquiries that convert to billable projects," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "While fewer firms reported declining billings in August than during the early months of the COVID-19 pandemic, the fact that the score has been ...</p> https://archinect.com/news/article/150220748/lessons-on-surviving-and-even-thriving-through-a-recession Lessons on Surviving, and Even Thriving Through a Recession Paul Petrunia 2020-09-15T14:54:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/39/391bd8aae084a097709ed6c6d7eb856d.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Recessions are hard for everyone, but the architecture industry has a history of being especially impacted by downturns in the economy. This panel, one of Archinect's many upcoming virtual events, will share insights from architects who have successfully worked through previous recessions, or even started up during a recession.</p> <figure><p><a href="https://archinect.gumlet.io/uploads/76/7640965ae81f724d99290f5b80c17172.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/76/7640965ae81f724d99290f5b80c17172.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>From L-R: Gregg Pasquarelli, Carie Penabad, David Gensler, Patrick Macleamy</figcaption></figure><p>The panel will bring together seasoned industry experts: <a href="https://dci.stanford.edu/david-gensler/" target="_blank">David Gensler</a>, Former Co-CEO at <a href="https://archinect.com/gensler" target="_blank">Gensler</a>; <a href="https://archinect.com/features/article/150188058/bridging-between-locations-and-modes-of-practice-with-miami-based-c-re-penabad" target="_blank">Carie Penabad</a>, Principal at <a href="https://archinect.com/cureandpenabad" target="_blank">CURE &amp; PENABAD</a>; <a href="https://en.wikipedia.org/wiki/Patrick_MacLeamy" target="_blank">Patrick Macleamy</a>,&nbsp;Former CEO at <a href="https://archinect.com/firms/cover/9343/hok" target="_blank">HOK</a>; and <a href="https://archleague.org/article/interview-gregg-pasquarelli/" target="_blank">Gregg Pasquarelli</a>, Founding Principal at <a href="https://archinect.com/SHoP" target="_blank">SHoP Architects</a>. The panel will be moderated by Paul Petrunia, Archinect's Founder/Director.&nbsp;</p> <p>The conversation will focus on ways firms have pivoted in response to changing economic landscapes, team restructuring, strategic hiring, and other approaches to not only make it through a challenging time, but to come out stronger during the recovery.&nbsp;</p> <figure><p><a href="https://parade.build/events" target="_blank"><img src="https://archinect.gumlet.io/uploads/c3/c3ce6a5d5edf45422ee0aa369b52c79b.jpg?auto=compress%2Cformat&amp;w=514"></a></p></figure><p>To reserve your spot...</p> https://archinect.com/news/article/150203395/archinect-sessions-conversations-with-the-architecture-community-part-6-6 Archinect Sessions: Conversations with the Architecture Community, Part 6/6 Paul Petrunia 2020-06-19T15:14:00-04:00 >2020-06-25T12:54:58-04:00 <img src="https://archinect.gumlet.io/uploads/10/10cd95324911ddc25643bf692c9f5b30.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>This is the final installment of&nbsp;<a href="https://archinect.com/news/tag/1565434/conversations-with-the-community" target="_blank">Archinect Sessions' six-part series of conversations</a>&nbsp;we've had with architects, designers, and others in the industry. The discussions address the challenges experienced navigating these uncertain times, from the stay-at-home orders due to the coronavirus, to the toll it's taken on&nbsp;<a href="https://archinect.com/jobs" target="_blank">jobs</a>&nbsp;and the&nbsp;<a href="https://archinect.com/features/article/150191556/update-for-may-15th-archinect-s-guide-to-2020-s-economy-business" target="_blank">economy</a>.</p> <p>Today we share our conversations with <a href="https://archinect.com/ourarchitect" target="_blank">Ilya Bourim</a>, an architectural designer working for a developer in the Coachella Valley; Lauren Harris, a&nbsp;BIM Manager in&nbsp;Philadelphia;&nbsp;<a href="https://archinect.com/dawn" target="_blank">Dawn Zuber</a>, an architect and <a href="https://archinect.com/StudioZ" target="_blank">small practice owner</a> just outside of Detroit; and&nbsp;Carl Emberger, a Technical Director at a mid-size firm in Philadelphia.&nbsp;</p> <p>Listen to episode 157 of&nbsp;<a href="http://archinect.com/sessions" target="_blank">Archinect Sessions</a>, &ldquo;Conversations with the Architecture Community, Part 6/6&rdquo;.</p> <ul><li><strong>iTunes</strong>:&nbsp;<a href="https://itunes.apple.com/us/podcast/archinect-sessions/id928222819" target="_blank">Click here to listen</a>, and click the "Subscribe" button below the logo to automatically download new episodes.</li><li><strong>Apple Podcast App (iOS)</strong>:&nbsp;<a href="http://pcast//archinect.libsyn.com/rss" target="_blank">click here to subscribe</a></li><li><strong>SoundCloud</strong>:&nbsp;<a href="http://soundcloud.com/archinect" target="_blank">click here to follow Archinect</a></li><li><strong>RSS</strong>:&nbsp;subscribe&nbsp;with any ...</li></ul> https://archinect.com/news/article/150201517/archinect-sessions-conversations-with-the-architecture-community-part-5-6 Archinect Sessions: Conversations with the Architecture Community, Part 5/6 Paul Petrunia 2020-06-11T11:23:00-04:00 >2020-06-11T12:30:05-04:00 <img src="https://archinect.gumlet.io/uploads/cc/cca6f98b276e07c45812847d0e306bec.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>This is the fifth installment of <a href="https://archinect.com/news/tag/1565434/conversations-with-the-community" target="_blank">Archinect Sessions six-part series of conversations</a> we've had with architects, designers, and others in the industry. The discussions address the challenges experienced navigating these uncertain times, from the stay-at-home orders due to the coronavirus, to the toll it's taken on <a href="https://archinect.com/jobs" target="_blank">jobs</a> and the <a href="https://archinect.com/features/article/150191556/update-for-may-15th-archinect-s-guide-to-2020-s-economy-business" target="_blank">economy</a>.</p> <p>Conversations in this episode include <a href="https://archinect.com/people/cover/1970535/will-galloway" target="_blank">Will Galloway</a>, an <a href="http://frontofficetokyo.com/" target="_blank">architect/firm-owner</a> and <a href="https://archinect.com/blog/21835947/keio-university" target="_blank">educator</a> who has been stuck in Canada, his country of citizenship, while unable to return to Tokyo, his home of residence. We also speak with <a href="https://www.unummagazine.com/sobiasayeda" target="_blank">Sobia Sayeda</a>, an architect in Santa Fe, New Mexico, and Dillon Jones, a Portland-based architect who has been sheltering-in-place in California since getting furloughed.&nbsp;</p> <p>Listen to episode 156 of <a href="http://archinect.com/sessions" target="_blank">Archinect Sessions</a>, &ldquo;Conversations with the Architecture Community, Part 5/6&rdquo;.</p> <ul><li><strong>iTunes</strong>:&nbsp;<a href="https://itunes.apple.com/us/podcast/archinect-sessions/id928222819" target="_blank">Click here to listen</a>, and click the "Subscribe" button below the logo to automatically download new episodes.</li><li><strong>Apple Podcast App (iOS)</strong>:&nbsp;<a href="http://pcast//archinect.libsyn.com/rss" target="_blank">click here to subscr...</a></li></ul> https://archinect.com/news/article/150201692/it-s-official-us-economy-entered-into-a-recession-in-february-2020 It's official: US economy entered into a recession in February 2020 Antonio Pacheco 2020-06-08T17:09:00-04:00 >2024-03-15T01:45:58-04:00 <img src="https://archinect.gumlet.io/uploads/ca/ca31c0bbf8055dba1588afc81028b617.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>A new report from the&nbsp;National Bureau of Economic Research, the private non-profit group that "maintains a chronology of the peaks and troughs of U.S. business cycles," indicates that the United States entered a&nbsp;<a href="https://archinect.com/news/tag/1536030/2020-recession" target="_blank">recession in February 2020</a>.&nbsp;</p> <p>The latest <a href="https://www.nber.org/cycles/june2020.html" target="_blank">report</a> finds that quarterly economic activity peaked in the fourth quarter of 2019 while overall economic activity peaked in February on the eve of the global economic shut down prompted by the <a href="https://archinect.com/news/tag/1534026/covid-19" target="_blank">COVID-19</a> pandemic.&nbsp;</p> <figure><p><a href="https://archinect.gumlet.io/uploads/13/13ae2e6d7450e0f774757a1a26b086c2.jpg?auto=compress%2Cformat&amp;w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/13/13ae2e6d7450e0f774757a1a26b086c2.jpg?auto=compress%2Cformat&amp;w=514"></a></p><figcaption>Previously on Archinect: "<a href="https://archinect.com/news/article/150189759/us-economy-is-now-in-a-recession-as-economic-activity-including-construction-grinds-to-a-halt" target="_blank">US economy is now in a recession as economic activity, including construction, grinds to a halt.</a>" The United States economy is expected to enter a near-term recession. Image courtesy of Linnaea Mallette.</figcaption></figure><p>Describing the historic nature of the economic collapse that subsequently took place, the report states, "The peak marks the end of the expansion that began in June 2009 and the beginning of a recession. The expansion lasted 128 months, the longest in the history of U.S. business cycles dating back to...</p>