After a boom in construction and investment in real estate projects in recent years, work is drying up amid a slowdown in the world’s second largest economy. Property developers are cutting back on new projects, and with construction starts down 16% in the first half this year from a year ago, many firms are cutting salaries or letting staff go. [...]
“We are adjusting to a slower pace of urbanization in China with a recovery of the American and Middle East markets” — blogs.wsj.com
More from the architecture market in China:How the "Chinese Steve Jobs" is trying to build the ideal cityConstruction stalled on 'world's tallest building', so locals made its foundation into a fish farmA landscape architect just joined China's roster of billionairesChinese prefab company builds a...
The Urban Land Institute (ULI) recently published a report titled "The Macro View of Micro Units", which shares the latest findings in the revived trend of micro dwellings in the United States. The report arose from a ULI Foundation research grant that the Multifamily Housing Councils received in...
The Opengap M.ART 2013 Ideas Competition had participants mix traditional elements of the commercial arts-and-crafts market with a contemporary twist. Proposals also had to emphasize the value of handcrafted work and the craftsman-client relationship.
The competition jury met in Guadalajara, Mexico on Jan. 23, 2014 to evaluate all the entries until eventually selecting the top three winners and two special mentions. — bustler.net
First place winners: Zuhal Kol (Turkey); Carlos Zarco Sanz (Spain)Second place winners: Victor Bouman Casas, Pol Mercadé Armengol (Spain)Third place winners: Inés Antón Losada, Marta Antón de Zafra (Spain)Get more details on Bustler.
It’s a cellar’s market.
New Yorkers are spending more than the price of the average American home — on storage units.
Tribeca’s 56 Leonard just sold a 200-square-foot unit for $300,000. That’s $1,500 a square foot for a metal cage in the basement of the future luxury skyscraper. — nypost.com
Over at The Atlantic Cities, editor Emily Badger tried to put things in perspective and created this helpful little chart of median home prices in a few U.S. metropolitan areas (find a screenshot of the interactive chart below).More on 56 Leonard Street in the Archinect News:Work to Begin on...
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