US practices report first growth in demand since 2008

World architecture... what's happening generally....

US practices report first growth in demand since 2008

Postby onq » Wed Oct 20, 2010 12:01 pm

A potential bit of good news.

http://www.bdonline.co.uk/5007569.article?origin=BDdaily

Unfortunately the list of previous BD Articles suggests this may be premature:

US survey shows hopes of recovery
25 May 2010

AIA survey suggests beginnings of a recovery
23 October 2009

US construction recovery stalls
3 July 2009

Every half year since this time last year we've had this, apparently.
User avatar
onq
Old Master
 
Posts: 1220
Joined: Tue May 12, 2009 12:29 am
Location: Dublin, Ireland

Re: US practices report first growth in demand since 2008

Postby missarchi » Thu Oct 21, 2010 11:36 am

The real test will be feb-march
missarchi
Old Master
 
Posts: 1795
Joined: Sat Dec 08, 2007 7:53 pm

Re: US practices report first growth in demand since 2008

Postby wiseowl » Thu Oct 21, 2010 2:12 pm

The US economy is still stuttering along and despite all the stimilus packages has not got going. Can't see anything happen until after these elections are over. It may see some changes in policies but with Unemployment staying stubbornly high its hard to see how there's going to be significnat shift there for some tme. If I was living in the US today, I'd head over the border into Canada for the next 3 years .
wiseowl
Member
 
Posts: 17
Joined: Thu Oct 07, 2010 3:54 pm

Re: US practices report first growth in demand since 2008

Postby PVC King » Fri Oct 22, 2010 9:15 pm

It is certainly encouraging to see people actively pursuing projects to the point of paying architects; I totally agree with Wiseowl that the election is a key consideration as it is clearly preventing the administration from biting the bullet on issues such as Fannie & Freddie who are largely proping up resi demand at the expense of massive government borrowing.

My own view on the US is quite simple; the sun belt is dead and the fallout of localised land bank leveraged bubbles in places like New Mexico, Calafornia and Florida will continue to be felt for many years to come; conversely in cities like New York, Houston and Chicago you have a market that will stabalise and where well conceived schemes with clever design can deliver pretty healthy margins for those who can get the finance.
PVC King
 

Re: US practices report first growth in demand since 2008

Postby onq » Fri Oct 22, 2010 10:30 pm

(nods)

That's the rub - getting the finance, that's what's hlding Ireland's recover back too.

We really need to clean out the top tiers in the banks if they cannot accept that - having been part of the problem - they need to be part of the solution.

ONQ.
User avatar
onq
Old Master
 
Posts: 1220
Joined: Tue May 12, 2009 12:29 am
Location: Dublin, Ireland


Return to World Architecture