New York, Boston, Chicago, and other major metros have a lot of construction activity, but also a lot of architects. It's a competitive field made more so by the sheer number of talented firms in the same handful of cities. That contributes to the culture of stress and overwork that many architects bemoan [...]. By contrast, an ambitious architecture practice can carve out a niche for itself in a second-tier city, where the scene is often dominated by "legacy" firms that play it safe. — citylab.com
There were ten out of twelve months of increasing demand for design services in 2014, and the Architecture Billings Index (ABI) points to a healthy outlook for the nonresidential construction industry. [...] The American Institute of Architects (AIA) reported the December ABI score was 52.2, up from a mark of 50.9 in November. [...] The new projects inquiry index was 58.2, following a mark of 58.8 the previous month. Design contracts posted a mark of 49.9, after a 54.9 score in November. — aia.org
While some remain cynical about homeownership, the U.S.'s foreign-born population still regards it as a symbol of attaining the American Dream. [...]
Last year, immigrant households made up 11.2 percent of owner-occupied housing according to the JCHS—that’s up from only 6.8 percent in 1994. — theatlantic.com
Buoyed by sustained demand for apartments and condominiums, coupled with state and local governments moving ahead with delayed public projects, the Architecture Billings Index (ABI) has been positive for seven consecutive months. [...] (AIA) reported the November ABI score was 50.9, down from a mark of 53.7 in October. This score reflects a slight increase in design activity [...]. The new projects inquiry index was 58.8, following a mark of 62.7 the previous month. — calculatedriskblog.com
The architecture profession is back on the rise as the American economy recovers, according to NCARB's 2014 Survey of Architectural Registration Boards. For starters, the number of architects has grown by 3.1 percent since 2011.Collecting data from all 54 U.S. territories (including District of...
Headed by the continued strength in the multi-family residential market and the emerging growth for institutional projects, demand for design services continues to be healthy [...] The American Institute of Architects (AIA) reported the October ABI score was 53.7, down from a mark of 55.2 in September. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.7, following a mark of 64.8 the previous month. — calculatedriskblog.com
On the heels of recording its strongest pace of growth since 2007, there continues to be an increasing level of demand for design services [...]. The American Institute of Architects (AIA) reported the August ABI score was 53.0, down from a mark of 55.8 in July. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 62.6, following a very strong mark of 66.0 the previous month. — calculatedriskblog.com
Architecture theorist Jacob Dreyer explains how the Stalinist model of urbanism – a centrally planned component within a national economic unity – is thriving in modern China — theguardian.com
The last three months have shown steadily increasing demand for design services and the Architecture Billings Index (ABI) is now at its highest level since 2007. [...] The American Institute of Architects (AIA) reported the July ABI score was 55.8, up noticeably from a mark of 53.5 in June. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.0, following a very strong mark of 66.4 the previous month. — calculatedriskblog.com
It was billed as a chance to transform Greece's image abroad and boost growth but 10 years after the country hosted the world's greatest sporting extravaganza there is little to celebrate at the birthplace of the modern Olympic Games. [...]
For Greeks who swelled with pride at the time, the Games are now a source of anger as the country struggles through a six-year depression, record unemployment, homelessness and poverty.
Greece has struggled to generate revenue from the venues. — uk.reuters.com
The Architecture Billings Index (ABI) is signaling improving conditions for the overall design and construction industry. [...] The American Institute of Architects (AIA) reported the June ABI score was 53.5, up from a mark of 52.6 in May. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.4, up noticeably from the reading of 63.2 the previous month and its highest level in a calendar year. — calculatedriskblog.com
The practice of using corporate largess to finance restoration projects for public antiquities was once fairly rare here. But with the nation struggling with a stagnant economy and crushing public debt — Rome is flirting off and on with bankruptcy — politicians are now looking to private companies and international sources to help preserve Italy’s cultural heritage. — nytimes.com
Skyscrapers and shanties, gleaming malls and rundown markets, palatial houses and the piss-poor guys who build them: Those are the divides in cities like Mumbai, Nairobi and Manila. Rich and poor do not much mingle.
But a movement is afoot to change that. It aims to integrate the poor into the urban bloodstream, instead of shunting them from sight. For this "inclusive cities" movement, urban renewal doesn't require razing slums and markets. — npr.org
Founder Norman Foster... sold a 40pc stake in the firm for £84m in 2007 when commercial property valuations were soaring.
The private equity group is selling its stake back to Foster & Partners for £108m, plus a further £40m interest payment.
Foster & Partners faced a challenging environment during the recession and while estimates valued the business at £300m in 2007, it had amassed a debt burden of £340m by the year ending April 2009. — telegraph.co.uk
The skyline of Yujiapu in the Chinese city of Tianjin looks more like an expensive, abandoned movie set than it does “China’s new Manhattan,” as the financial district was once billed. A patina of dust covers the glass doors of the 47 office buildings and hotels that still sit empty, and in come cases unfinished. — qz.com
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