U.S. home prices surged 19.7% in July, once again posting the biggest jump in more than 30 years. The record gain in the S&P CoreLogic Case-Shiller index of property values nationwide followed a 18.7% jump in June and was the 14th straight month of accelerating price increases. — Bloomberg
A measure of prices in 20 cities posted a 19.9% gain in July, up from 19.1% the previous month. Phoenix, San Diego, and Seattle reported the highest year-over-year gains, with 32.4%, 27.8%, and 25.5% increases, respectively. “The last several months have been extraordinary not only in the... View full entry
AECOM has announced that it has been selected by the National Aeronautics and Space Administration (NASA) to provide architecture and engineering services as part of its Southeast Regional Architect and Engineering (SERAE) program. The five-year, multiple-award indefinite delivery, indefinite... View full entry
Since lumber, steel, and other construction material costs began skyrocketing during the summer of 2021, Archinect has followed the ongoing fluctuation of construction costs. During our July construction coverage, the cost of lumber began to drop, which brought a slight glimmer of relief... View full entry
A new economic report released by the American Institute of Architects this morning indicates the seventh consecutive month of increasing architecture billings. The Architecture Billings Index (ABI) rose by one point from 54.6 in July to 55.6 in August. New project inquiries and design contracts... View full entry
The AIA has expressed support for legislation recently re-introduced to the U.S. Congress, which seeks to prevent future administrations and the federal government from mandating preferred design styles for federal buildings. The organization had previously been critical of a 2020 decision by the... View full entry
Google announced plans to purchase the St. John’s Terminal building in Hudson Square for $2.1 billion during the first quarter of 2022. The tech giant already leases the former freight terminal, which is currently undergoing a major renovation and addition as part of the company’s new 1.7 million-square-foot campus in the neighborhood. The deal marks the priciest sale of a single office building in the country since the pandemic, as well as one of the most expensive ever recorded. — 6sqft
View more details about St. John's Terminal by COOKFOX on their Archinect profile by clicking this link. View full entry
The AIA has released the latest edition of its Home Design Trends Survey, covering the category of “home features.” The report found that quarantines, working from home, and climate change are among the factors contributing to changing home design trends. Among the key findings from the report... View full entry
Most of the Empire State Building is dedicated to office space. With its mix of big and small businesses, the building is perhaps a better barometer of the state of office space in New York and the city’s economy than the towers dominated by global firms. — The New York Times
The building’s tourist and retail income has been essentially shut out for over 18 months because of the pandemic. As a result, tenants are being offered sharp discounts despite increasing signs that the remote work trend is here to stay. “We’ve found ourselves being able to work in... View full entry
The shortlist has been announced for the 2021 RIBA Stirling Prize, awarded each year to the UK’s best new building. Six buildings will be in contention for the award, which is now in its 25th edition. Among the projects vying for the award are a mosque in Cambridge, a bridge on the south coast... View full entry
The National Council of Architectural Registration Boards (NCARB) and National Organization of Minority Architects (NOMA) have released a report focused on disparities in architectural licensing examination. Titled Baseline on Belonging: Examination Report, the study seeks to explore factors... View full entry
A strong visual identity is essential to propelling a company's product, service, and overall brand. However, when it comes to logo designs in architecture, for example, the design's overall look on top of its size, type, and color choice can spark polarizing responses from the community. While... View full entry
Not only is historic preservation critical in maintaining the integrity of our urban fabric, it also offers one of the most effective means of reducing the carbon footprint of the architecture industry. To learn more about the importance and role of preservation architects, Archinect... View full entry
Tributes have been paid from the architecture and design community to design and sustainability champion Lance Hosey, who passed away on August 27th at age 56. Hosey was the Chief Impact Officer at HMC Architects, and an acclaimed author and public speaker. In 2015, Hosey became one of... View full entry
The Biden administration has announced a range of measures intended to address the US housing crisis. The measures, which do not require congressional approval, and are separate from measures included in the pending infrastructure bill, aim to built and preserve 100,000 affordable homes over the... View full entry
Chicago Business is reporting that an LLC related to the firm founded by recently deceased architect Helmut Jahn is filing for Chapter 7 bankruptcy in an unfurling landlord-tenant dispute that began taking shape during the pandemic. Jahn LLC reported gross revenues under $13,000 last year and has... View full entry
