RLB: Phoenix Crane Count is Up
Source: Rider Levett Bucknall International property and construction consultancy firm Rider Levett Bucknall has released its latest RLB Crane Index and Quarterly Cost Report. Together, the two documents provide an insightful look at the North American construction industry in 14 key markets. “The pandemic-induced recession is going to have far-reaching effects,” said Julian Anderson, FRICS, president of RLB North America. “Lenders are less likely to support large new developments […]
Report Reveals Costs Trends and Recovery Preview
Source: Rider Levett Bucknall International property and construction consultancy firm Rider Levett Bucknall has released its new Quarterly Cost Report for North America. With data current to April 1st, 2020 and featuring construction cost information for 14 US and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors. The impact […]
Multifamily Report Shows Sector’s Uncertainty
Source: ABI Multifamily ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With […]
ABI Continues Growth Streak
Source: American Institute of Architects With all geographic regions and building project sectors showing positive conditions, there continues to be a heightened level of demand for design services signaled in the latest Architecture Billings Index. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between […]
Forget 2030, We’re Under-Constructed NOW!
By Thomas M. Brophy, ABI Multifamily Director of Research As one LinkedIn user lamented on all of Scottsdale’s new multifamily development, “our unofficial bird is now the Crane.” Given all the market chatter about overheated multifamily construction, both inside and outside of commercial real estate circles, I felt it prudent to dig a bit deeper […]
Architecture Billings Index Shows Increase
Source: American Institute of Architects 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. 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. The […]
ABI: Phoenix MSA 1Q 2017 Multifamily Review
By Thomas M. Brophy, ABI Director of Research The Phoenix MSA multifamily market had another stellar first quarter fueled by both robust jobs and population growth. In fact, Maricopa overtook Texas’ Harris County as top spot for population growth adding 81,000 people, an average of 222 new residents per day, between July 1, 2105 to […]
ABI Rebounds for February
Source: American Institute of Architects The Architecture Billings Index returned to growth mode in February, after a weak showing in January. As a leading economic indicator of construction activity, the ABI reflects the approximate 9-12 month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the February ABI score […]
ABI: Billings Flat to Start the Year
Source: American Institute of Architects Firms concerned about rising healthcare, technology costs Architecture firms reported that their billings were essentially flat to start off 2017. The ABI score of 49.5 for January indicates a very modest decline in firm billings, and is the first monthly decline since September. With lingering uncertainties about the new federal […]