Architecture industry still lags with no hope of recovery in 2010

NATICK, MA- The architecture and engineering industry did not recover as
hoped during the first half of 2010 and the same is expected for the rest of
the year.

According to the 2010 Mid-Year Outlook Update for AEC Firms, published by
ZweigWhite, the economic stimulus package funds will dry up by the end of
2010 while many project opportunities from the stimulus are no longer
available. Also, the housing market will continue to stifle the construction
industry, especially due to lack of assistance from the homebuyer tax
credit.

Mark Zweig, ZweigWhite's founder and CEO, predicts that health care, higher
education, airport and aviation facilities, water/wastewater, ground water,
lead paint removal, highway and bridge, rail, and distribution center
projects show some potential for improvements. However, discipline-wise
architecture, interior design, and landscape architecture will all be hit
hardest. Overall, he believes 2010 will continue to be a "flat year" for the
industry.

Suggested Articles

This is a once-in-a-lifetime opportunity to reconfigure hotels to help them easily transition to community service centers when needed.

The industry needs to reconcile two seemingly contradictory intrinsic human desires: a longing for social interaction and a craving for safety.

As hotel occupancy dwindles around the globe, properties can tackle projects that are easier to accomplish with low occupancy.