Riding a stretch of increasing levels of demand for 13 out of the last 15 months, the Architecture Billings Index (ABI) dropped in April for the second month this year. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lead time between architecture billings and construction spending.
For the second consecutive month, the Architecture Billings Index (ABI) indicated a modest...
After its first negative score in ten months, the Architecture Billings Index (ABI) showed a...
There were 10 out of 12 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. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to 12 month lead time between architecture billings and construction spending.
At the time this report was compiled in June 2014, construction costs continued to show an increase. Overall, costs have risen about 3% from 2013, and construction costs in the R&D sector have risen about 2.9% since January 2013. Construction costs are expected to rise around 3% during 2014, extending into year 2015.
Too many projects start with high hopes by all parties involved, just to find that once the building is completed, it fails to meet performance expectations and is harder to operate than envisioned. This is frustrating for most team players, but none more than the owner. This article focuses on the concept of soft landing and how it can help the successful transition operation of a building.
Following a modest two-month recovery in the level of demand for design services, the Architecture Billings Index (ABI) again turned negative in March. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending.
Diminishing levels of grant funding, coupled with a higher level of fiscal responsibility, are making today’s lab facilities significantly more accountable for every dollar spent. Unlike the recent past where grant dollars flowed more freely and universities picked up the tab for many facility-related expenses, science departments are being strapped with responsibility-based budgeting.
In tough economic times, construction projects are often early victims to budget cuts. During the recent recession, research labs were no exception as many lab construction projects were delayed or canceled. However, lab owners and architectural and engineering firms note that the lab construction business is slowly resurging.
The Laboratory Design Conference is only three weeks away, with registration ending on March 31st. Your opportunity to learn, network and participate in discussion about hot-button trends in laboratory design is coming to Boston, April 2-4th.
The report asks, "If the money's out there, why are we not seeing more availble jobs and/or construction spending?" The data suggests the decrease in construction unemployment is a result of a smaller pool of available workers. Factors point to a trend of economic growth with a somewhat stagnant job market.
Based on an array of economic data, construction starts, and material cost trends, this report predicts greater rate of growth activity than 2013, which allows passing along inflationary labor and material costs. Margins regained a positive footing in 2102 and extended those gains in 2013.
The Korean electronics giant is creating an 8.5-acre campus in Mountain View, Calif. looking to draw some of the bright minds in the technology industry. Mountain View is also the home of the "Googleplex", the headquarters of Google Inc. Expected occupancy is December 2014.
While still below pre-recession levels, all of the key indicators in the latest Quarterly Market Forecast (QMF) report from PSMJ Resources, Inc. (PSMJ) remain in positive territory. This is a clear signal of continued optimism by A/E firm leaders as we approach the finish line for 2013 and begin contemplating what is in store for 2014.
This month's issue of Laboratory Design Newsletter features a cover story on universal grid design. Other features include an in-depth look at the state of lab design, task lighting for labs, adaptive reuse, fume hood selection for energy-efficient labs and more.
In tough economic times, construction projects are often early victims to budget cuts--research labs are no exception. To gain insight into how the current economy has influenced or re-focused lab design projects, Laboratory Design sent out a survey to AEC firms asking for perspectives on current and near-future trends.
At the time this report was compiled in June 2013, construction costs continue to show an increase. Overall, costs have risen about 2.6% from 2012, and construction costs in the R&D sector have risen about 2.6% since January 2012. Construction costs are expected to rise around 4% during 2013 going into year 2014. This percentage of increase is the same as 2012’s report, and shows promise of a steady positive path.
The U.S. Department of Labor's Bureau of Labor Statistics released its May 2013 employment report with numbers indicating growth in jobs for the design/build and construction industries. The U.S. economy added 175,000 jobs in May. Of this architecture and engineering services grew by 4,900 jobs, while construction added 7,000.
Research and development-oriented real estate has evolved significantly over the past decade. Once an elusive niche market, lab spaces and related offices are emerging in regions far beyond the traditional research powerhouses of San Francisco, Boston, and San Diego. This trend is a reflection of a larger shift underway in the technology and bioscience sectors as these companies choose to locate in urban areas.
With increasing demand for design services, the Architecture Billings Index (ABI) is continuing to strengthen. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.
Down overall to 7.7% in February from 7.9% in January, the U.S. Department of Labor's February employment report showed growth by 3,100 jobs in architectural and engineering services. This is 1.3% of the 236,000 overall jobs gained during the same time period.
Why haven’t you signed up for the Lab Design Conference yet? Time is running out to reserve your space at this annual, lab design/planning/building event. This year's Lab Design Conference will be held April 8-10, 2013 in Houston. NOTE: The discounted room block ends on March 15th. Book your hotel reservation before this deadline to save!
The annual Laboratory Design Conference will be held April 8-10, 2013 at the JW Marriott Houston. The discounted room block rate ends March 15, 2013. Attendees and those who are considering attending are encouraged to make a reservation today to ensure accomodations at the conference rate.
Science and engineering research space at the nation's research-performing colleges and universities increased 3.5% from 2009 to 2011, according to a recent National Science Foundation survey. The biological and biomedical sciences continued to account for the bulk of growth, increasing by 8.0% during this period.
The inherent limitations of existing facilities—safety, energy performance, floorplate and height constraints, and so on—can make renovation an extensive and expensive undertaking. Let's explore a "Top 10" approach to analyzing the "renovation vs. new construction" dilemma.
“Tracking the Sun,” an annual PV cost-tracking report from Lawrence Berkeley National Laboratory, indicates that the median installed price of residential and commercial photovoltaic systems completed in 2011 fell by 11 to 14% from the year before, and (in California) prices dropped an additional 3 to 7% during the first six months of 2012.
Though the score of 52.0 for December was down from 53.2 in November, the most recent AIA Billings Index reflects an increase in demand for design services (any score above 50 indicates an increase in billings). Highlights from the most recent report show that the Midwest came in first at 55.7.
An annual analysis of the architecture, engineering, and construction business by consultant The JAGG Group indicates that science buildings won't be booming this year—but shouldn't lag, either. The "2013 Guide to the US AEC Markets" pegs apartments as the nation's top construction market sector.
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