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This is the second and likely final time construction will be halted on the one million square foot plant, which according to The Verge, was going to be Faraday Future's way of competing with fellow electric car manufacturer Tesla. Faraday Future's "FFZero1 Concept Prototype." Image: WikipediaAs... View full entry
Design services at architecture firms continue to project a healthy disposition on the construction industry as the Architecture Billings Index (ABI) recorded the fourth consecutive month of growth. [...] (AIA) reported the May ABI score was 53.0, up from a score of 50.9 in the previous month. This score reflects an increase in design services (any score above 50 indicates an increase in billings). — AIA
“The fact that the data surrounding both new project inquiries and design contracts have remained positive every month this year, while reaching their highest scores for the year, is a good indication that both the architecture and construction sectors will remain healthy for the foreseeable... View full entry
The founders of Duggan Morris Architects have split the practice. — BD online
Co-founders of the London-based firm Duggan Morris Architects have decided to split the business after a 13 year run. The duo, Mary Duggan and Joe Morris, had been a couple up until early 2016 and have finally released their plans to de-merge the practice following the end of their personal... View full entry
After beginning the year with a marginal decline, the Architecture Billings Index has posted three consecutive months of growth in design revenue at architecture firms. [...] (AIA) reported the April ABI score was 50.9, down from a score of 54.3 in the previous month. This score still reflects an increase in design services [...]. The new projects inquiry index was 60.2, up from a reading of 59.8 the previous month, while the new design contracts index increased from 52.3 to 53.2. — AIA
“Probably even better news for the construction outlook is that new project work coming into architecture firms has seen exceptionally strong growth so far this year,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “In fact, new project activity has pushed up project backlogs at... View full entry
[Hearn's] venture also controls rights to the building's name, which has remained unchanged since John Hancock Mutual Life Insurance Co. developed it [...] Hearn has been in talks with companies interested in putting their name on the skyscraper since the structure's namesake no longer pays for that right. "We've had interest in it, but have not made a deal yet," Hearn said. That process could be resumed by a new owner. — Chicago Tribune
Chicago-based developer Hearn Co. currently plans on selling the John Hancock Center's office space, parking garage and, perhaps most interestingly, its naming rights later this summer. According to the Chicago Tribune, Hearn would use the proceeds from the naming rights toward a $10 million... View full entry
The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI). [...] The American Institute of Architects (AIA) reported the March ABI score was 54.3, up from a score of 50.7 in the previous month. This score reflects a sizable increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.8, down from a reading of 61.5 the previous month, while the new design contracts index dipped from 54.7 to 52.3. — AIA
“The first quarter started out on uneasy footing, but fortunately ended on an upswing entering the traditionally busy spring season,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “All sectors showed growth except for the commercial/industrial market, which, for the first time... View full entry
The strategy reflects a consensus among some developers and planners that California’s vaunted car culture is inevitably going to run out of gas...[Andy] Cohen, co-chief executive of Gensler, predicts car ownership will peak around 2020 and then start to decline, with more Americans relying on some form of ride-sharing than their own vehicles by 2025. That means cars gradually would disappear from home garages, curbs and parking structures, freeing up acre upon acre of real estate for new uses. — Los Angeles Times
Some developers are already planning for a not-so-far-off future Los Angeles where more people primarily rely on ridesharing (including from autonomous vehicles) than driving their own car, particularly in the form of parking garages that can be redesigned for other uses like commercial spaces or... View full entry
The Architecture Billings Index (ABI) returned to growth mode in February, after a weak showing in January. [...] (AIA) reported the February ABI score was 50.7, up from a score of 49.5 in the previous month. This score reflects a minor increase in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 61.5, up from a reading of 60.0 the previous month, while the new design contracts index climbed from 52.1 to 54.7. — AIA
“The sluggish start to the year in architecture firm billings should give way to stronger design activity as the year progresses,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “New project inquiries have been very strong through the first two months of the year, and in February new... View full entry
The standard yardstick for judging housing affordability is to look at the median level of rents or home prices. As we all remember from statistics, the median is the observation in the middle of the distribution. And while for many purposes, it’s a reliable indicator of typical prices, in some neighborhoods, particularly those with a mix of expensive and cheap housing, the median is actually a weak indicator of affordability. — City Observatory
"For an illustration of this problem, imagine two neighborhoods. In both places, the median home costs $300,000. But in the first neighborhood, every home costs exactly $300,000, while in the second, there are a range of homes from $100,000 to $500,000. Although both neighborhoods have the same... View full entry
The prospect of Brexit choking off the supply of EU workers is reshaping Britain's homebuilding industry, with big companies increasingly looking to factory-manufacture houses in sections that can be slotted together on-site with minimal labour.
Many of Britain's leading housebuilders, including Berkeley, Taylor Wimpey, Persimmon and Your Housing, told Reuters they were either planning new developments of prefabricated homes or considering doing so.
— Reuters
"You can almost feel the fear among the contractors and housebuilders where they've been surviving on labor from outside the country," says Mark Stevenson, a managing director of construction supplier Kingspan. "We're being pulled in a direction that customers want us to go in, from more work... View full entry
A new report by the online property marketplace LendInvest reveals that four out of five of Britain’s housebuilders have gone out of business in the last 30 months. This is largely due to the dominance of the eight largest builders—responsible for constructing more than 50% of the country’s... View full entry
The Architecture Billings Index (ABI) dipped slightly into negative territory in January, after a very strong showing in December. [...] The American Institute of Architects (AIA) reported the January ABI score was 49.5, down from a score of 55.6 in the previous month. This score reflects a minor decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 60.0, up from a reading of 57.6 the previous month. — AIA
“This small decrease in activity, taking into consideration strong readings in project inquiries and new design contracts, isn’t exactly a cause for concern,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “The fundamentals of a sound nonresidential design and construction market... View full entry
The Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three straight months of growth in design billings. [...] (AIA) reported the December ABI score was 55.9, up sharply from 50.6 in the previous month. This score reflects the largest increase in design services in 2016 (any score above 50 indicates an increase in billings). The new projects inquiry index was 57.2, down from a reading of 59.5 the previous month. — AIA
“The sharp upturn in design activity as we wind down the year is certainly encouraging. This bodes well for the design and construction sector as we enter the new year”,” said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. “However, December is an atypical month for interpreting trends... View full entry
[Hadid] bequeathed a lump sum of £500,000 to her business partner Patrik Schumacher. Hadid also left a total of £1.7m to four nieces and nephews, as well as her brother Haytham Hadid, whose share was £500,000 [...] Her will, obtained by the Architects’ Journal, shows that the net value of her estate was £67,249,458. The calculation was filed in the high court dated 14 December 2016 [...] The will shows Hadid is leaving her architecture practice, of which she was the sole owner, in trust. — The Guardian
In the first survey about the state of the American design industry, more than half of the 9,514 respondents reported working more than 40 hours a week, with the average logging in four extra hours over what’s legally required of full-time workers in the US. Of the design industries surveyed, those working in design education, public relations, environmental graphics, and architecture logged the most overtime hours. — Quartz
This probably doesn't come as a surprise to any practicing architects—working overtime, often well into the night, is common practice in the field. Moreover, this counts logged hours. But, as everyone knows, architects often work extra hours without billing for it, whether motivated by love of a... View full entry
