American Institute of Architects(AIA) reported today that “Business conditions at architecture firms continue to deteriorate, with the Architecture Billings Index (ABI) posting its lowest level since the survey began in 1995 for the second month in a row. As a leading economic indicator of construction activity, the ABI shows an approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the November ABI rating was 34.7, down from the 36.2 mark in October (any score above 50 indicates an increase in billings). The inquiries for new projects score was 38.3, also a historic low point.
“With mounting job losses, declines in retail sales, and travel cut-backs the need for new commercial facilities has dropped considerably recently,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “What’s just as troubling is that the institutional sector –schools, hospitals and public buildings — is also beginning to react to tighter credit conditions and a weakening economy.”
Key November ABI highlights:
• Regional averages: Northeast (39.5), South (36.8), West (33.5), Midwest (31.4),
• Sector index breakdown: mixed practice (44.5), institutional (40.8), multi-family residential (30.0), commercial / industrial (26.7)
• Project inquiries index: 38.3”
[SOURCE: AIA – Architecture Billings Index Drops to All Time Low for Second Straight Month].
Adele Weder of thetyee.ca writes a op-ed piece about Vancouver 2010’s architecture and landscape architecture in Uncool: Vancouver’s Olympic Architecture
read the full article @ the [SOURCE: thetyee.ca Uncool: Vancouver’s Olympic Architecture]
Arabian Business.com reports
“International architecture firm Woods Bagot, the company designing Nakheel’s one kilometre tower, has made a number of staff redundant in the last few weeks as business slows in the face of the global real estate slump.”
Read the full article @ the [SOURCE: Arabian Business – Nakheel Tower design firm cuts jobs ]
The Club today revealed the first images of the Club’s proposed new stadium design, part of the Northumberland Development Project.
Designs for the new home of the Club have been developed by KSS, leaders in stadia design.
read the full article including images @ the [SOURCE: Tottenhamhotspur.com – News Articles – Club reveals first images of proposed new stadium].
The most critical phase in the construction of the Khan Shatyr Entertainment Centre in Kazhakstan was successfully completed yesterday with the erection of its 150 metre-high tripod mast. The 2,000 tonne structure was lifted into place by four cranes in a process that took two weeks.
[SOURCE: Foster + Partners]