Each month RTM explores the top news and headlines affecting the architecture, engineering and construction (AEC) communities.
This March, AEC news has focused on residential and commercial real estate as well as sustainable design and construction. Below are some of the month’s most relevant new stories.
A New York Building Congress report noted that number of residential units approved per year has been on the rise for the past five years. Residential construction is expected to climb in response to an affordable housing demand, though numbers are still below pre-recession levels. An increased demand in housing means that more residential structures need to be completed to meet the needs, which could include rehabbing current residential structures or building them from the ground up.
The list of the top 10 states for LEED green building per capita was released by the U.S. Green Building Council. The list, now in its fifth year, includes commercial and institutional green building projects certified through 2014, and Illinois holds the top spot for the second year in a row. Sustainability continues to be a relevant and important aspect of society, so construction and building projects need to take green initiatives into consideration. The U.S. government even offers incentives to encourage the development of energy-efficient buildings.
A recent study from CoStar Finance found that U.S. commercial real estate values have almost recovered to their pre-recession high, and sales volumes are on the rise across all commercial property sectors. A boost in commercial real estate purchases may mean that buildings will need to be updated and upgraded to today’s standards through new designs and construction.