Construction Dive

OCTOBER 29, 2024

Builders must walk a fine line between sharing their specialized expertise and passing on specific details gained from other owners’ projects, lawyers say.

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The Pro Builder

OCTOBER 29, 2024

As prices have risen over the past several years, purchasing a home has become an even greater challenge. This has caused many Americans to turn to single-family rentals for the amenities they provide. To figure out what these amenities are, real estate marketing platform Point2 Homes analyzed rental listings across the U.S. and found that demand for larger, more comfortable homes has surged over the past decade.

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Construction Dive

OCTOBER 29, 2024

The owners of Capital One Arena have formed a partnership with the city to renovate the venue that is home to its NHL and NBA teams.

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The Pro Builder

OCTOBER 29, 2024

With mortgage rates recently rising again, homebuyers are losing their purchasing power. The 30-year-fixed-rate mortgage is now at 7%, which means someone with a $3,000 monthly budget can afford a $442,500 home. This is down from $475,750 just one year ago when rates were 6.11%, National Mortgage Professional reported, citing recent data from real estate marketing platform Redfin.

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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.

Modular Construction

Construction Dive

OCTOBER 29, 2024

Rochester-based LeChase Construction appointed William Goodrich as chairman and Kyle Sayer as president to lead its growth plans.

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Construction Dive

OCTOBER 29, 2024

The Dothan, Alabama-based contractor’s purchase allows it to enter the rapidly growing Central Texas market.

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The Pro Builder

OCTOBER 29, 2024

For both owned and rented homes, vacancy rates remained relatively stable in Q3 2024, with just slight year-over-year changes. According to the Calculated Risk blog, national rental vacancy rates stood at 6.9%, compared with 6.6% last year. Meanwhile, the homeowner vacancy rate rose slightly to 1%, up from 0.8% in Q3 2023, but unchanged from the Q2 2024.The homeownership rate of 65.6 percent was not statistically different from the rate in the third quarter 2023 (66.0 percent) and virtually the

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Construction News

OCTOBER 29, 2024

John Hayes is managing partner of employment and regulatory specialist law firm Constantine Law The Labour Government’s Employment Rights Bill (ERB) was published, as promised, within 100 days of Labour winning power, on 10 October. The ERB, when finished, will amount to the biggest changes… The post What Labour’s Employment Rights Bill means for the construction industry appeared first on Construction News.

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The Pro Builder

OCTOBER 29, 2024

Millennials and Generation Z have often been considered unlucky when it comes to issues surrounding housing and affordability. However, that changed during the COVID-19 pandemic, when more young people were able to purchase homes. Now, 69% of Millennial and Gen Z homeowners say they’re better off than they were four years ago, compared with 52% of their peers who rent, according to a recent survey from housing market platform Redfin.

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Construction Management

New Civil Engineer

OCTOBER 29, 2024

Great British Nuclear (GBN) has revealed its commercial pipeline has £890M-£1.1bn worth of work up for grabs and implied its small modular reactor (SMR) competition plans to appoint two suppliers. The post £1.1bn of works included in Great British Nuclear’s SMR project pipeline appeared first on New Civil Engineer.

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The Pro Builder

OCTOBER 29, 2024

Homebuyers have faced challenges in recent years due to rising home prices and high mortgage rates. However, a recent study from GOBankingRates identified 32 major cities where a household can purchase a home with an income of just $100,000 or less. The most affordable metros include St. Louis, where you need to earn $65,692 per year to afford a home; Laredo, Texas, where buyers need to make $69,003 per year; and Milwaukee, where buyers need to earn $70,807 per year.

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New Civil Engineer

OCTOBER 29, 2024

There are systemic issues in the UK that will hinder the impact that increased spending powers will have on infrastructure investment, an economist from Boston Consutling Group (BCG) has told NCE. The post Economist outlines barriers to maximising UK’s increased infrastructure investment powers appeared first on New Civil Engineer.

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The Pro Builder

OCTOBER 29, 2024

After some recent fluctuations, mortgage rates have risen back up to 7%. Earlier in the year, the 30-year fixed mortgage rate dropped from 7.52% in April to 6.11% by September, according to the ResiClub blog. The change at that time was influenced by weaker jobs data. On Sept. 18, the Federal Reserve responded by cutting its short-term interest rate by 50 basis points, initiating a rate-cutting cycle.

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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.

Construction Equipment

New Civil Engineer

OCTOBER 29, 2024

Cowi has been appointed as the design manager and engineer of record for the Hudson River Ground Stabilization Project (HRGS) in New York City. The post Cowi wins Hudson River ground stabilisation contract for NYC’s £12.6bn tunnel project appeared first on New Civil Engineer.

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Equipment World

OCTOBER 29, 2024

The 12,191-pound toolcarrier comes decked out with five operation modes, four steering modes and multi-attachment versatility. Details here.

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Lifts 84

New Civil Engineer

OCTOBER 29, 2024

The Chicago Transit Authority (CTA) has announced that a consortium comprising Vinci Construction Grands Projets and Walsh Construction Company has won the $2.78bn (£2.14bn) contract to design and construct the Red Line extension. The post Vinci-Walsh JV wins £2.1bn contract to extend Chicago’s Red Line appeared first on New Civil Engineer.

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The Construction Index

OCTOBER 29, 2024

A stone worker in hospital with terminal silicosis says he developed the disease after inhaling dust while cutting engineered stone kitchen worktops in unsafe working conditions.

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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.

Construction Management

New Civil Engineer

OCTOBER 29, 2024

Recommendations for speeding up consenting of nationally significant infrastructure projects (NSIPs) by dealing swiftly with legal challenges have been delivered by the government-appointed independent review. The post Recommendations to streamline major infrastructure consenting published appeared first on New Civil Engineer.

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ENR Construction

OCTOBER 29, 2024

Former ComEd general counsel and top lobbyist Thomas O'Neill testified that lobbying work, internships and other favors were given in exchange for passing bills that hiked electrical rates with only modest investment in the state's electrical grid.

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New Civil Engineer

OCTOBER 29, 2024

The potential development of an advanced modular reactor (AMR) on the site of the Bacton Gas Terminal in North Norfolk has been opposed by the local MP. The post MP opposes potential SMR development on gas terminal site in North Norfolk appeared first on New Civil Engineer.

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Engineering 77

ENR Construction

OCTOBER 29, 2024

Top lobbyist Thomas O'Neill testified that lobbying work, internships and other favors were given in exchange for passing bills that hiked electric rates with only modest investment in the state power grid.

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Cost Control

New Civil Engineer

OCTOBER 29, 2024

This week, chancellor Rachel Reeves will deliver Labour’s first budget in 14 years. Coming 118 days after taking office, it marks the longest a new government has ever waited. After a difficult start, her team hopes this will be the moment they begin making good… The post Driving growth: why Labour can’t afford to ignore roads in the Budget appeared first on New Civil Engineer.

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Budgeting Engineering 66

For Construction Pros

OCTOBER 29, 2024

Construction technology giant Trimble has released several insights from in-house executives on the industry in 2025.

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New Civil Engineer

OCTOBER 29, 2024

Engineers and structural designers must evolve the way sports arenas are designed to meet sustainability and accessibility needs, according to a new report from the Institution of Mechanical Engineers (IMechE). The post Sport stadium engineering must evolve to meet needs of decarbonisation and accessibility appeared first on New Civil Engineer.

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The Construction Index

OCTOBER 29, 2024

Van Elle Holdings, the UK's largest ground engineering contractor, has acquired Albion Drilling Holdings Limited for £3.5m.

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Engineering 73

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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.

Construction Management

PC Construction

OCTOBER 29, 2024

Last night, PC Construction was recognized by the Construction Management Association of America with a national Project Achievement Award for the BETA Technologies Manufacturing and Assembly Facility. The Project Achievement Awards celebrate America’s leading professional construction and program managers that deliver creative and innovative projects around the world.

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For Construction Pros

OCTOBER 29, 2024

Iowa State researchers are working on solutions for EVs where they have no power and no access to power due to an outage, which could be useful for situations where they operate in very remote locations.

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Maintenance 59

Viewpoint Construction Technology

OCTOBER 29, 2024

Learn how to eliminate missed payments and keep your suppliers happy by automating your procurement process.

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Procurement 67