Construction is inevitably slowing down across the US due to late deliveries related to the supply chain. The Coronavirus pandemics have affected and is still affecting numerous sectors by having some businesses shut down. These businesses are deemed as non-essential, while essential businesses are likewise experiencing delays. As construction is slowing down, architectures in the US are reporting a loss of revenue and decreased demand for construction designs.
Table of Contents
Architectures Noting Lower Demand for Construction Designs in March
Architects in the US are reporting revenue losses and decreased interest and demand for construction designs. Up to 50% of architecture firms that have been surveyed have reported that they have fewer design projects than compared with their work of scope in February. 59% of all architect firms that participated in the survey said that there are also fewer inquires for new construction projects. Over 90% of surveyed architects expect the loss of revenues and decreased demand new construction designs in April 2020 as well. Only 33% of surveyed architect firms responded that the current situation is not affecting their business.
Demand for Architecture Designs Offer Insight into the Future Number of Construction Projects
All three components of the AEC industry – architecture, engineering, and construction – are all closely related. All these sectors are leading to the same finish product through collaboration. In that case, architecture and demand for construction designs can be used to determine the future number of construction projects. If it is to predict the future of construction based on the latest survey where only 33% of architect firms are leading uninterrupted operations, construction may have an additional slowdown in the following months. This is the case when it comes to starting new construction projects. Some counties and cities have already placed a halt on non-essential construction projects amidst the Coronavirus crisis. The goal is to prevent the spreading of the virus in the following weeks as the number of COVID-19 patients is rising.
Photo by Daniel McCullough on Unsplash
