market focus construction activity in the higher-education … · 2015. 11. 11. · architect:...
TRANSCRIPT
PROJECT: New York City College of Technology New Academic BuildingARCHITECT: Perkins EastmanLOCATION: Brooklyn, NYN PROJECT: University of Buffalo School of Medicine and Biomedical SciencesARCHITECTS: HOK, Foit-Albert AssociatesLOCATION: Buffalo, NY
PROJECT: University of Maryland Health Sciences Facility IIIARCHITECTS: HOK, Design Collective, Jacobs, Melville Thomas ArchitectsLOCATION: Baltimore
PROJECT: Jackson Laboratory for Genomic MedicineARCHITECTS: Tsoi/Kobus & Associates, CenterbrookLOCATION: Farmington, CT
PROJECT: 20 Washington Road, Princeton UniversityARCHITECT: KPMB ArchitectsLOCATION: Princeton, NJ
$155 MILLION
$191 MILLION
ARCHITECTURAL RECORD NOVEMBER 2014
Construction activity in the higher-education sector is beginning to slowly rebound as the stock market improves and college and university endowments, along with gifts from alumni and other benefactors, grow.
Higher-Education Starts by RegionIn addition to U.S. total and 2014 forecast figures
perspective stats
0020100 03 0504 06 0807 1 1 12 13 141009
$MILLION
8
16
4
12
NORTHEAST MIDWEST SOUTH WEST TOTAL U.S. FORECAST
McGraw Hill Dodge Analytics tracks projects from predesign through construction to capture hard construction costs, square footage, and other key statistical information.
1 Perkins+Will
2 ZGF Architects
3 Jacobs
4 Ayers Saint Gross
5 Goody Clancy
Top 5 Design FirmsRanked by higher-education construction starts 1/2011 through 8/2014
Top 5 Projects The Dodge Index for Higher-Education Construction 8/2013–8/2014
The Dodge Momentum Index is a leading indicator of construction spending. The information is derived from first-issued planning reports in McGraw Hill Construction’s Dodge Reports database. The data lead the U.S. Commerce Department’s nonresidential spending by a full year. In the graph to the right, the index has been shifted forward 12 months to reflect its relationship with the Commerce data.
MOMENTUM INDEX DIPSIn September, the Dodge Momentum Index fell 0.7%, to 155.8. Despite the drop—the third in a row—the index is up 8% versus this time last year, after 13% growth in the first half of 2014.
03 04 05 06 07 08 09 10 1 1 12 13 14 150
100
200
300
400
0
50
100
150
200
MONTHLY DETAIL9/2014 –– 9/2015
U.S. COMMERCE DEPARTMENT DODGE MOMENTUM INDEX
INDEX (2000 = 100)
1/ 2015
0
60
40
20
160
140
80
100
120
180
INDEX (2005 = 100)
2013 2014JM JAMFJDNOSA A
Ranked by higher-education construction starts 1/2013 through 8/2014
MARKET FOCUSHIGHER-EDUCATION CONSTRUCTION
Princeton Neuroscience Institute & Peretsman-Scully Hall; Princeton, New Jersey; Rafael Moneo Architects (page 112)
$252 MILLION
$251 MILLION
$218 MILLION
1 NEW YORK CITY 692
BUFFALO, NY 317
WASHINGTON, D.C. 293
BOSTON 260
CHICAGO 229
Ranked by total higher-education construction starts 1/2014 through 8/2014
Top Metro-Area Markets
REGION $MILLIONS
30
PH
OT
OG
RA
PH
Y:
© D
UC
CIO
MA
LA
GA
MB
A
Data from McGraw Hill Dodge Analytics
The index is based on seasonally adjusted data for U.S. higher-education construction starts. The average dollar value of projects in 2005 serves as the index baseline.
2
3
4
5