10 Questions
What positions were most commonly targeted for downsizing by firms during the downturn mentioned in the text?
Intermediate architectural positions (4-6 years)
Which positions were most commonly mentioned for addition by firms during the downturn?
Intermediate architectural positions (4-6 years)
What determines the ultimate health of the architecture industry according to the text?
Growth of the construction industry
What was the average amount of nonresidential building added per year in the U.S. construction industry since 1980?
$1.3 billion square feet
What is the outlook for growth in the U.S. construction industry according to the text?
Promising growth prospects, especially during downturns
Which staff members were least likely to be targeted for downsizing during the downturn mentioned?
Senior management
What has been the trend in current construction levels compared to previous years?
Current levels are less than half of previous years
Which factor plays a bigger role in influencing architecture firms during economic cycles?
$1.3 billion square feet of nonresidential building
What is highlighted as a pivotal factor affecting the financial condition of architecture firms?
$1.3 billion trends in construction activity
What does the text suggest about growth prospects in architecture firms during cyclical downturns?
Potential for strong growth even during downturns
Explore the relationship between pursuing international projects and diversification opportunities for firms, with a focus on the economic growth of countries like China. Understand how stronger growth in certain countries influences construction activities and business decisions.
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