Mon.Aug 19, 2024

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As the Market Begins to Stabilize, Investor Home Purchases Are Back Up

The Pro Builder

Investor activity in the U.S. housing market is stabilizing after several years of fluctuations. In Q2 2024, investor purchases of homes rose by 3.4% year-over-year, marking the largest increase since Q2 2022. According to real estate data tracker Redfin, investors bought $43 billion worth of homes during this period, marking the biggest gain in two years.

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Clippers’ $2B Intuit Dome opens doors

Construction Dive

The NBA arena built by an AECOM Hunt-Turner joint venture in Inglewood, California, hosted its inaugural concert this month, although with some technical difficulties.

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WSP Transportation Management Center Operations Underway for NYSDOT Region 11

Civil + Structural Engineer

For more than three decades, The New York State Department of Transportation has had an established partnership with WSP for transportation management services. NEW YORK — Under contract with New York State Department of Transportation (NYSDOT), WSP recently began operating the state’s Region 11 Transportation Management Center (TMC), which monitors conditions on state-owned roadways in the Bronx, Queens, Kings, New York and Richmond counties.

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Abandonments, delays ease due to anticipated interest rate cut

Construction Dive

Developers are taking a wait-and-see approach to projects, expecting that conditions are about to improve, according to economist Michael Guckes.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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HNTB celebrates completion of SunRail commuter rail program with Florida Department of Transportation

Civil + Structural Engineer

Firm provided services over three phases of Central Florida’s first commuter rail system LAKE MARY, Fla. – HNTB joins the Florida Department of Transportation in celebrating the completion of the SunRail program , a 61-mile commuter rail project serving the Greater Orlando area from Poinciana to DeLand. HNTB provided preliminary design and construction engineering inspection (CEI) in all three phases of the program starting in 2011.

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Fixing the pain gap

Construction Dive

Learn how employers can boost construction workforce well-being through holistically addressing chronic pain.

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More Trending

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Digital joint checks: Reduced risk by paying the right people at the right time

Construction Dive

Digitize entire payment workflows to enable a faster, smoother exchange of paperwork and create new industry opportunities.

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Above Ground Pump Stations: The Growing Common-Sense Trend

Civil + Structural Engineer

By: Rich MacGregor, Technical Writer The growing trend towards above ground pump stations is transforming wastewater collection systems, empowering operators to rise above the challenges of conventional submersible pumps. It’s common sense that relocating pumps above ground, away from constant exposure to corrosive and hazardous sewage, safeguards the mechanical and electrical components of the pumps, as well as the workers who handle them.

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Gilbane taps Philly-area vet as preconstruction exec

Construction Dive

Anthony Armento, who spent 17 years at New Jersey-based Torcon, will manage day-to-day preconstruction efforts in the company’s Philadelphia office.

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Age-Restricted Home Starts Drop Year-Over-Year

The Pro Builder

The construction of homes in age-restricted communities has rebounded since the pandemic, but year-over-year growth is still down. In 2023, about 49,000 homes (30,000 single-family and 19,000 multifamily) were built in these communities out of the nearly 1.42 million homes started that year, according to the National Association of Home Builders' Eye On Housing blog.

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Stay Ahead in 2024 with Proven Strategies for Success

The specialty contractor space is facing a transformative period, driven by labor shortages, rapid technological advancements, and increasing regulatory requirements. In 2024, contractors must navigate complex challenges like fragmented management systems and delays in payment. This guide offers a deep dive into the key disruptions reshaping the industry over the next 24 months, including digitization, sustainable practices, and modular construction.

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Country’s largest apartment owner expands into infrastructure development

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

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Housing Market Shifts to Neutral as Buyers and Sellers Remain at a Standstill

The Pro Builder

The housing market is moving into a neutral position, offering a more balanced environment for both buyers and sellers. According to a report from real estate marketing platform Zillow, July 2024 marked the first time the housing market has been in a neutral position since December 2023. This is due to a recent slowdown in competition causing homes to sit on the market for longer.

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Keltbray retrenches with infrastructure disposal

The Construction Index

Keltbray has sold its infrastructure business, Keltbray Infrastructure Services Limited (KISL), to EMK Capital, a London private equity outfit.

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Growing Trend in ‘SINK’ Homeownership Emerges

The Pro Builder

In the past several years, the housing market has seen a growing trend emerge in the form of dual income buyers with no kids, commonly referred to as “DINKs.” However, according to real estate marketing platform Realtor.com, single income, no kids (SINK) buyers also make up a significant portion of the U.S. housing market. Women are leading the trend in single-person homeownership, comprising 19% of all homebuyers in 2023 and owning about 20.3 million homes overall.

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Every Contractor Needs An Effective Website - Unlock the Key to Increased Leads

Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.

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How 5G Technology is Transforming Construction Site Connectivity and Operations

Construction Placements

How 5G Technology is Transforming Construction Site Connectivity and Operations 5G technology is set to revolutionize construction sites by enhancing connectivity, enabling advanced technologies like IoT, AR, and AI, and driving operational efficiency. Explore how this next-generation network is reshaping the industry, reducing downtime, and paving the way for smarter, safer construction practices.

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Harnessing AI to revolutionize architectural design and creativity

BDC Network

Harnessing AI to revolutionize architectural design and creativity 0 qpurcell Mon, 08/19/2024 - 10:35 AEC Tech Architects are wondering if AI will replace us. For Vessel, the gains offset the fear. We believe there is wisdom in the unattributed quote, “You won’t lose your job to AI. You will lose your job to someone using AI.” Peter Schwartz, AIA, NCARB, LEED AP, and Brian Van Winkle, AIA NCARB Designers Architects AEC Tech Architects are wondering if AI will replace us.

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HVAC Technician Job Description: Skills, Responsibilities, and Career Outlook

Construction Placements

HVAC Technician Job Description: Skills, Responsibilities, and Career Outlook Explore the essential job description of an HVAC technician, including key responsibilities, required skills, career opportunities, and global salary insights. The post HVAC Technician Job Description: Skills, Responsibilities, and Career Outlook appeared first on ConstructionPlacements.

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AtkinsRéalis appointed to complete design for £185M East Airdrie Link Road in Scotland

New Civil Engineer

North Lanarkshire Council has appointed AtkinsRéalis to complete the Stage 3 design of the £185M East Airdrie Link Road. The post AtkinsRéalis appointed to complete design for £185M East Airdrie Link Road in Scotland appeared first on New Civil Engineer.

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Outdated ERP? Spot the Signs Before It Stalls Your Progress

Aging construction ERP systems can slow down productivity and put your business at risk. If you’re working with outdated software, you may be missing out on essential features and innovations like AI, AR, and enhanced reporting capabilities. This guide provides you with insights regarding when you need to upgrade and outlines what to look for in a new construction ERP system.

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Bam Construction reports £31.4m loss 

Construction News

Bam Construction has reported a £31.4m pre-tax loss after struggling with high inflation and supply chain insolvency. The contractor lost money on revenue of £897.6m in the year to 31 December 2023 – representing a small reduction from the £900.9m it turned over in 2022,… The post Bam Construction reports £31.4m loss appeared first on Construction News.

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Mid Devon District Council disappointed at government’s decision to withdraw funding for two new stations

New Civil Engineer

Mid Devon District Council has expressed its disappointment at the government’s recent decision to withdraw funding for the reopening of two new train stations that were due to be funded under the Restoring Your Railway fund. The post Mid Devon District Council disappointed at government’s decision to withdraw funding for two new stations appeared first on New Civil Engineer.

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Keltbray sells infrastructure services to private equity firm

Construction News

Keltbray has sold off its infrastructure services arm in a bid to refocus on the built-environment sector. The firm announced today (19 August) that it sold Keltbray Infrastructure Services Ltd (KISL) to private equity firm EMK Capital for an undisclosed amount. Keltbray said in a… The post Keltbray sells infrastructure services to private equity firm appeared first on Construction News.

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Essential Temporary Support Systems in Construction

Construction Placements

Essential Temporary Support Systems in Construction Temporary support systems like cribbing, shoring, and scaffolding play a vital role in construction, ensuring safety and stability during various phases of a project. The post Essential Temporary Support Systems in Construction appeared first on ConstructionPlacements.

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The Ultimate Guide To Data-Driven Construction: Optimize Projects, Reduce Risks, & Boost Innovation

Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network

In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.

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Asphalt carbon calculations simplified

The Construction Index

The Mineral Products Association has published the UK’s first environmental product declarations for asphalt.

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SAMI: Raising the sustainability standard

Roads Online

SAMI, John Holland and State Asphalts NSW worked together to reach a sustainable outcome for major construction works. Image: State Asphalts. SAMI Bitumen Technologies and State Asphalts NSW are supporting John Holland to trial a new sustainable asphalt on a major project in south-west Sydney. We speak to representatives from all three on how this project could be used as the new standard for sustainable material use.

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Alan Beard 1932–2024

The Construction Index

The family owners of Beard Construction have announced the death of the company's third generation leader, Alan Beard.

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Neom omits to name companies recognised at social responsibility awards

New Civil Engineer

Neom, the Saudi Arabian government-led giga-project, has held an inaugural awards ceremony recognising its business partners’ “outstanding contributions” to social responsibility, but hasn't named them. The post Neom omits to name companies recognised at social responsibility awards appeared first on New Civil Engineer.

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12 Reasons Specialty Contractors Need a Construction-Specific Software Platform

As a specialty contractor, your success hinges on your ability to manage complex workflows, maintain cost control, and deliver projects on time. But are you still relying on outdated systems or multiple software packages that create data silos and inefficiencies? This comprehensive eBook reveals the 12 key reasons why investing in a construction-specific software platform is the game-changer your business needs.

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Bam Construction post £31m loss

The Construction Index

Accounts filed by Bam Construction Limited show a pre-tax loss of £31.4m for the year to 31st December 2023.

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Iron and Bronze Age settlement found during early works at Highlands prison

New Civil Engineer

Prehistoric artefacts dating back to at least 3000 BC have been found during early works for a new prison in Inverness. The post Iron and Bronze Age settlement found during early works at Highlands prison appeared first on New Civil Engineer.

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Lovell chosen for Sutton town centre renewal

The Construction Index

The London Borough of Sutton has named Lovell as preferred developer for an estate renewal project.

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New Sydney Metro City Line now open

Roads Online

Image courtesy of the New South Wales Government. The doors have officially opened on the $21.6 billion city section of the Sydney Metro project. The driverless section of the M1 Line includes an additional 15.5-kilometres of metro and has six new underground stations, including at North Sydney, Barangaroo and Martin Place, as well as new platforms at Central and Sydenham.

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The Ultimate Checklist for Choosing the Right Construction Management Software

Managing construction projects in disparate systems and spreadsheets is difficult due to numerous moving parts and diverse stakeholder needs. A dynamic, intuitive software solution is essential for everyone involved—owners, designers, engineers, Construction Managers, and General Contractors. Companies need a secure, centralized system to manage documents, scheduling, financials, and more.