Follow this tag to curate your own personalized Activity Stream and email alerts.
It is critical that we learn to distinguish and differentiate our roles from our self. We get into trouble when we lose ourselves in our role instead of thinking in a detached way about how the role is viewed by others...we forget that others in our organizations are reacting to the role we represent in their work lives, not necessarily the interesting and thoughtful people we think we are. — Harvard Business Review
When we identify who we are with what we do professionally, set backs at work can often prompt us to spiral down emotionally. When something is merely an organizational issue we take it as a personal issue. Harvard University Lecturer, Timothy O’Brien, talks about the importance of... View full entry
Despite recent warnings from the American Institute of Architects (AIA) of weakening billings numbers among architecture firms, the organization continues to forecast positive economic growth for the construction industry into 2020, with several caveats. According to AIA's Consensus... View full entry
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes.
The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors.
— CNBC
NAR’s Profile of International Transactions in U.S. Residential Real Estate 2019 survey reports that "for the seventh consecutive year, China exceeded all other countries in terms of dollar volume of purchases, buying an estimated $13.4 billion worth of residential property, a 56% decline from... View full entry
Demand for design services at architecture firms decreased in June in comparison to the previous month, according to a new report today from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for June was 49.1, which is down from 50.2 in May. Any score below 50 indicates a decrease in billings. Both the project inquiries index and the design contracts index continued to soften in June but remained positive.
— AIA
"With billings declining or flat for the last five months, it appears that we are settling in for a period of soft demand for design services," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "With the new design contracts score reaching a 10-month low and the project inquiries score hitting... View full entry
Earnings for US construction workers now outstrip the private sector average as contractors face what’s being called one of the tightest labour markets they’ve ever experienced.
The situation has led a contractors’ group there to slam an education system that produces “too many over-qualified baristas and not enough bricklayers” as employers are forced to increase pay to attract skilled workers from a diminishing pool.
— Global Construction Review
Global Construction Review reports on the recent response by the Associated General Contractors of America to June's construction jobs numbers, which signaled a continued struggle for the industry to attract enough skilled workers — despite higher-than-average hourly earnings of now $... View full entry
The overall size of new homes peaked in 2016 for this cycle and for the last three years has continued to moderate, according to new survey results from the American Institute of Architects (AIA).
The Home Design Trends Survey for the second quarter of 2019—focusing on home and property design—also found that homeowners continue to place a priority on accessibility features.
— AIA
"With home sizes plateauing and lot sizes continuing to decline, it isn’t shocking to see where that additional focus is going," commented AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "Homeowners want more flexibility in their space, both inside and outside the house, and they want to use... View full entry
Trade often gets shorthanded to its most tangible form, the flow of goods from one country to another. But the exchange of services is also part of the equation, with building design offering a high-demand example in China amid an extended economic boom there. — Dallas News
Dallas News correspondent Tom Benning highlights the business setbacks two major U.S.-based architecture firms — HKS and CallisonRTKL — experienced while operating in China: from breach of contract, to intellectually property theft, all the way to corporate imposture, these... View full entry
Nearly 300 coal-fired power plants have been "retired" since 2010, according to the Sierra Club. It's a trend that continues despite President Trump's support for coal. That has left many communities worried that those now-idled places will simply be mothballed. — NPR
In an NPR segment, which aired in May, Jeff Brady discusses the Department of Community and Economic Development's plans to reuse and redevelop retired coal plants. Plans of action are listed in a "playbook" that outlines the attributes of listed coal plants and the pros and cons of each site... View full entry
Demand for design services in May remained essentially flat in comparison to the previous month, according to a new report [...] from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for May showed a small increase in design services at 50.2, which is slightly down from 50.5 in April. Any score above 50 indicates an increase in billings. Both the project inquiries index and the design contracts index softened in May but remained positive.
— AIA
"The last four consecutive months, firm billings have either decreased or been flat, the longest period of that level of sustained softness since 2012," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "While both inquiries into new projects and the value of new design contracts remained... View full entry
Following a sizable decrease in demand for design services in March, the April Architecture Billings Index (ABI) climbed back into positive territory according to a new report today from The American Institute of Architects (AIA).
AIA’s ABI score for April showed a small increase in design services at 50.5 in April, which is up from 47.8 [...] Despite this and the positive overall billings score, most regional and sector indicators continue to display decreasing demand for design services.
— AIA
"In contrast to 2018, conditions throughout the construction sector recently have become more unsettled," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "Though we may not be at a critical inflection point, the next several months of billing data will be indicative of the health of the... View full entry
Following consistently increasing demand for design services for over two years, the Architecture Billings Index (ABI) dipped into negative territory in March, according to a new report [...] from The American Institute of Architects (AIA).
The ABI score for March was 47.8, down from 50.3 in February. Indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts remained positive.
— AIA
"Though billings haven’t contracted in a while, it is important to note that it does follow on the heels of a particularly tough late winter period for much of the country," said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. "Many indicators of future work at firms still remain positive... View full entry
WeWork has made great efforts as to integrating top design strategies and progressive data analytics to develop the most progressive buildings office spaces. Tapping into various elements of design, such as urban planning to design interiors, WeWork prides itself in its hand-selected team of... View full entry
Just like manufacturing, architecture is dependent on international trade. British architects export their services, bringing back work and revenues, while a net influx of foreign architects fills offices: A fifth of the profession nationwide is foreign, and in London, a third, according to British architect Piers Taylor. Norman Foster, who heads Foster + Partners, more than 1,000 architects strong, said, “My practice absolutely depends on talent, and much of that talent is foreign.” — Los Angeles Times
The Los Angeles Times details responses of leading British architects, including David Chipperfield, Norman Foster, Richard Rogers, in the light of the looming March 29 deadline for the UK to officially leave the EU—if this Brexit happens without further delay. "Chipperfield has emerged as... View full entry
Architecture firm billings growth softened in February but remained positive, according to a new report today from The American Institute of Architects (AIA).
AIA’s Architecture Billings Index (ABI) score for February was 50.3, down from 55.3 in January. Indicators of work in the pipeline, including inquiries into new projects and the value of new design contracts remained positive.
— AIA
"Overall business conditions at architecture firms across the country have remained generally healthy,” said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. “Firms in the south recorded continued strong design activity, likely reflecting a healthy regional economy and ongoing rebuilding from... View full entry
The economy is headed for a slowdown, but its effect on the housing market won’t be as tumultuous as the downturn that led to the Great Recession, Metrostudy chief economist Mark Boud told a standing room-only audience today at the 2019 Metrostudy Housing Outlook Breakfast.
Boud sees overinflated housing prices causing bubbles in some hot markets where affordability is a top issue.
— Builder
In his recent talk, Metrostudy chief economist Mark Boud points out the economic indicators that will bring about the inevitable correction to the current boom cycle but does not predict a collapse of the housing market as dire as in the years following the 2008 financial crisis. "We predict that... View full entry
