The past few weeks have brought some gloomy coronavirus-related news for architecture. Construction is down and budgets are getting cut.
It’s almost August! Hopefully you, reader, are able to take a break from the omnipresent pandemic news this summer, but if you’re still looking for COVID-19 updates, read on for coverage of how the disease has been affecting architecture lately.
Some not great (but also unsurprising news): Non-residential construction is expected to fall this year relative to last year. It’s the sector’s first dip in almost a decade.
Less construction means less work for contractors, which has pushed construction labor costs down. At the same time, disruption to international supply chains is raising material prices, but that increase isn’t enough to offset the cuts to labor costs, so overall construction costs have fallen for the first time since 2010.
News about spending and budget cuts has started to feel like a habitual refrain, but the past couple of weeks has brought more cancellations and dire prognostications.
Read on >>>> Source: ArchPaper Another rough week for coronavirus and architecture