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Commercial construction is experiencing a huge downtown and has yet to recover since it dipped at the start of the pandemic. But in contrast, residential construction is experiencing historic demands.“It's been a remarkable year for housing,” said Robert Dietz, chief economist for the National Association of Home Builders.When the pandemic hit, no one was sure what the impact would be on housing.“People need larger homes; they need to fix up their existing homes and frankly there’s not enough inventory on the marketplace so builders are really busy right now,” Dietz said.So busy, in fact, that some are deciding to buy new homes rather than wait for their projected renovation to start. The NAHB is a trade association with 140,000 members who handle all facets of family construction.“We’re looking this year, we think single family construction will be up almost 10% and that will make it the best year for single-family home building since the Great Recession itself,” Dietz said.But that doesn't, by any means, put anyone in a "perfect" position.“There are headwinds on the horizon and the industry has faced a number of persistent challenges that have reduced housing affordability,” Dietz said. “Those would include the persistent lack of skilled labor, lack of lots in high-demand markets, and of course regulatory costs have been a persistent thorn in the side of the industry causing costs to be higher and pricing out home buyers out of the market.”When demand goes up, supply goes down. Lumber prices are at an all-time high. It's taking months for builders to get their materials and supplies, and people are finding themselves stuck.“It can be a frustrating marketplace because you have those historically low interest rates that you want to take advantage of, you’re looking for more space given the changes to telework and all the factors that have changed as a result of the virus but there’s not the inventory there to meet the demand in front of the industry,” said Dietz.Ken Simonson, chief economist for the Associated General Contractors of America, was asked whether some are considering moving into the residential sector because it's doing so much better than the commercial side. He said, "Home building is really a different market."Simonson said the contractors in his organization do “apartment buildings, every type of non-residential building, infrastructure, highways, water and sewer systems, power plants and so forth.” He said contractors across the national saw an initial rebound, but it's been on a steady decline since the spring.“Non-residential construction, there’s a lot of doubt about whether there’s going to be demand for more stores or offices and whether owners whether they’re private or universities or state and local governments have the money to pay for them,” Simonson said.He says it's different in every state and region. Some niche industries are doing okay, like data centers, and the fields of medical device and health care. But most industries, like hotel and retail, for instance, have just about disappeared.“I have to say I’m pessimistic the construction industry is going to lag the overall economy,” Simonson said. “There are hopeful signs about the economy being able to pick up speed in 2021 if enough people get vaccinated and the vaccine proves to be effective.”Construction tends to take a while to bounce back. And for those who are waiting to move up or move out of their homes, economists say your best bet is patience. 3507
CUPERTINO, Calif. – Apple announced Tuesday that it has committed to becoming 100% carbon neutral across its entire business by 2030.The tech company says its corporate operations are already carbon neutral, but now it plans for its supply chain and product life cycle to be too.The new commitment means that by 2030, every Apple device sold will have net zero climate impact, the company said.Apple also released a report Tuesday, detailing its plans to reduce its emissions by 75% by 2030 while developing innovative carbon removal solutions for the remaining 25% of its comprehensive footprint.Apple released a “Climate Roadmap” it will follow as it seeks to lower emissions.Some key points of the plan include increasing the use of low carbon and recycled materials in its products, lowering energy use at its facilities, relying solely on renewable energy, tackling emissions through technological improvements, and investing in forests and other nature-based solutions to remove carbon from the atmosphere.To support its efforts, Apple says it’s establishing an “Impact Accelerator,” which will focus on investing in minority-owned businesses that drive positive outcomes in its supply chain and in communities that are disproportionately affected by environmental hazards.“Businesses have a profound opportunity to help build a more sustainable future, one born of our common concern for the planet we share,” said Tim Cook, Apple’s CEO. “The innovations powering our environmental journey are not only good for the planet — they’ve helped us make our products more energy efficient and bring new sources of clean energy online around the world. Climate action can be the foundation for a new era of innovative potential, job creation, and durable economic growth. With our commitment to carbon neutrality, we hope to be a ripple in the pond that creates a much larger change.”Click here to learn more about Apple’s plan. 1936
CORONADO, Calif. (KGTV) - Every June 6 that passes marks one more year since a historic day in world history: D-Day. Coronado local Tom Rice was there. He was part of the 501st Parachute Infantry Regiment of the 101st Airborne Division.Seventy six years ago, Rice jumped out of a plane onto the beaches of Normandy, not knowing it would become a turning point in World War II. Since 1944, Rice works to commemorate the day. In recent years, he’s returned to France to re-enact D-Day, jumping out of a plane like he did during the war. This year, it’s different. Coronavirus has impacted his ability to travel overseas, so he has a new way to honor the day. It started with Carentan, the area in France where he usually jumps, deciding to ring a bell at 6:44 p.m. to commemorate the June of 1944 date. Then, Rice and his army of friends in San Diego decided to turn it into something larger. At 6:44 p.m. local time, Rice rung a bell at the Coronado Naval Base, and he wasn’t alone. Friends and supporters all rang bells at the same time to mark the anniversary. “Globally the bells will ring for thee. For those who died, who were captured, who suffered all the deprivations that war can bring,” said Rice. At 98-years-old, the veteran has jumped out of a plane 63 times, and 48 of those were with the military. 1319
Clean air can feel hard to find right now.The American Lung Association is working help though, by supporting the production of electric cars.The association wants every car to be electric by 2050 and says the move could save thousands of lives as well as billions of dollars.“We know that air pollution is still a significant health threat,” said Paul Billings, Senior VP of Advocacy at the American Lung Association. “We know that air pollution makes respiratory infections worse and we know that climate change is impacting everyone's health today.”The association’s new report also calls for less coal power and more wind and solar. To get to their goal, they want people to learn more about electric cars.“People have range anxiety. They are afraid they're not going to be able to get as far as they need to go, but today's electric cars can go 300 miles per charge. The average daily miles a consumer drives is around 40 or 50 miles, so you would only need to recharge maybe once, twice a week,” said Billings.The association says auto and policy makers need to do a better job of advertising and selling these vehicles. They want to see more incentives to buy, and more charging infrastructure.A review of more than 700 scientific studies found traffic pollution causes asthma attacks and impairs lung function. The America Lung Association says reducing emissions by 2050 could prevent 93,000 asthma attacks.They say it could create a fairer world when it comes to health, since communities of color are more likely to live closer to major pollution sources. 1574
CORONADO, Calif. (KGTV) -- One person has been injured after a school bus crash on Coronado Wednesday afternoon, police say. According to police, the crash happened on 9th Street and Orange Avenue just after 1:30 p.m.Police say the person injured was riding on the bus which belongs to Coronado Unified School District. The district later put out a statement saying, "no significant injuries" were reported. 436