“Project approval delays are having an adverse effect on the design and construction industry, but again and again we are hearing that it is extremely difficult to obtain financing to move forward on real estate projects,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “There are other challenges that have prevented a broader recovery that we will examine in the coming months if this negative trajectory continues... we’re hopeful that this is just a short-term dip.” — aia.org
In March, the American Institute of Architects’ Architecture Billings Index marked its eighth consecutive month of growth in the demand for architectural design services. While the national score of 51.9 is down three full points from February’s score of 54.9, the architecture industry is still seeing continued strength nationwide, and across all regions and industry sectors. — architectmagazine.com
Housing starts in March rose to the highest level in five years. If developers keep building at that rate, there’d be one million new houses by the end of the year.
So, what are builders building and what kind of homes do consumers want? The granite countertop of the new kitchen is like the leather interior of a new car -- a standard, special order must-have. — marketplace.org
In February, the American Institute of Architects’ Architecture Billings Index marked its seventh consecutive month of growth in the demand for architectural design services. With a national score of 54.9, up from January’s score of 54.2, the architecture industry is seeing continued strength and a higher rate of growth of billings than it has seen since the bubble burst five years ago. (A score above 50.0 in the index means that demand is increasing.) — architectmagazine.com
While architects and small firms would undoubtedly benefit from the income tax cuts and deduction, the sales tax on services is problematic for the architectural profession. If the tax plan is approved, architects may find themselves at a distinct disadvantage to out of state firms. — aia.org
An independently-led survey of graduates from Columbia's Graduate School of Architecture Planning and Preservation was recently conducted, to assess the overall status of employment. The infographic-rich document can be seen below. “GSAPP 2012 - 6 Months After Graduation” is an...
The American Institute of Architects (AIA) reported the January ABI score was 54.2, up sharply from a mark of 51.2* in December. This score reflects a strong increase in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 63.2, much higher than the reading of 57.9 the previous month. — aia.org
The Spanish region of Valencia has been called the "California of Spain" for its gorgeous Mediterranean coastline and modern architecture.
But now Valencia epitomizes the worst of Spain's problems. It had the country's most inflated property market and the biggest crash. Its landscape is littered with empty and half-finished buildings. — npr.org
“While it’s not an across the board recovery, we are hearing a much more positive outlook in terms of demand for design services,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “Moving into 2013 we are expecting this trend to continue and conditions improve at a slow and steady rate. That said, we remain concerned that continued uncertainty over the outcomes of budget sequestration and the debt ceiling could impact further economic growth.” — aia.org
Manchester Airports Group (MAG) has outlined redevelopment plans worth £650 million to create Airport City Manchester, a future ‘aerotropolis’, close to Manchester Airport, the UK’s third busiest airport. — DesignBuild Source
There are few professionals more hopeful for a bright future this holiday season than architects, who are finally starting to see business conditions improve.
Billings at architecture firms have been depressed for the past four years, another victim of the real-estate and housing downturn. But in recent months, that has started to change. — online.wsj.com
Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent - the lowest in nearly four years - from 7.9 percent in October. The rate declined mainly because more people stopped looking for work and weren't counted as unemployed. — m.apnews.com
To survive, a city or a region has to make money; it has to export more than it imports, in dollar terms. Cities that decline are on the losing side of this equation. So if you care about cities, which I do, it leads you to think about how they function as economic entities. It leads you to think about economics. I think this is what happened to Jane Jacobs, and why she ended up writing several books about economics after her seminal 1961 book, The Death and Life of Great American Cities. — theatlanticcities.com
Current market conditions for architecture and the near-term outlook for the construction industry in the US is a two-sided story, with forward-looking indicators showing steady improvement but serious concerns arising out of an impending ‘fiscal cliff’. — DesignBuild Source
After declining earlier in 2012, the billings index began to turn higher in June, then accelerated, and has now marked its third straight month above the 50 level, which indicates expanding demand for architects' services.
"It's beginning to look like demand for design services has turned the corner," said AIA Chief Economist Kermit Baker. — reuters.com
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