Mon.Jul 08, 2024

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5 Cities Where Renters Can Afford to Buy a Home

The Pro Builder

With elevated home prices and mortgage rates, more than 52 million U.S. households are opting to rent their homes. However, some markets have more affordable housing options than others, and despite choosing to rent in order to avoid high rates, some renters could afford to buy a home in their local markets. Analyzing data from housing market platform Zillow, the ResiClub blog broke down the five U.S. housing markets with the highest share of renters that could still afford to buy a home in thei

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Data center demand continues despite supply bottlenecks

Construction Dive

Momentum for these projects has escalated again, fueled by institutional investment and strong underlying fundamentals, according to a recent CBRE report.

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DRMP Leads Largest LED Lighting Conversion Project in Florida

Civil + Structural Engineer

by Jim Highland, PE Florida’s Turnpike Mainline stretches across 312 miles, traversing 11 counties within the state’s peninsula, while the Turnpike Extension spans 47 miles. The High-Pressure Sodium (HPS) lighting that illuminates the Turnpike, a familiar sight on many roadways, is antiquated and no longer being manufactured, making it difficult to repair and replace when necessary.

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DOT awards $1.8B in transportation infrastructure grants

Construction Dive

Nearly 150 road, rail, transit and port projects will receive discretionary grant funds from the Rebuilding American Infrastructure with Sustainability and Equity, or RAISE, program.

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Optimize Construction Projects with CMiC’s Industry-Leading ERP

Construction project managers face constant challenges, from delayed schedules to fragmented workflows. CMiC’s ERP transforms how projects are managed, providing a unified system for financials, scheduling, and collaboration. With tools for real-time insights, cost control, and document management, CMiC empowers managers to make confident decisions.

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As Home Values Increase, Homeowners Face Higher Property Taxes

The Pro Builder

Despite providing higher equity, rising home values are also resulting in higher property taxes for many homeowners. In fact, according to housing market platform Realtor.com, there has been a 54% rise in home values over the past five years. At the same time, in 2022, property tax collections totaled about $760 billion, an increase of 31% since 2018.

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3 key benefits of leveraging AI at the preconstruction phase

Construction Dive

Artificial Intelligence (AI) is not just for content creation or image manipulation; it’s a powerful tool that should be a part of your team’s everyday processes.

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More Trending

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Hensel Phelps snares Oak Ridge lab job worth up to $3B

Construction Dive

The facility, where the Department of Energy will conduct research across the physical and biological sciences, has an eight-year build schedule.

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Colliers Engineering & Design Adds Leading Architecture Firm

Civil + Structural Engineer

Holmdel, NJ – Colliers Engineering & Design, a national multi-discipline engineering, architecture, design and consulting firm, is pleased to announce it has completed its previously announced acquisition of Phase Zero Design Corporation, a commercial architecture, interior design, and branding firm with offices in Simsbury, CT, Hingham, MA and Cary, NC.

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Getting back on track – finding solutions to project obstacles

Construction Dive

As labor shortages and lack of skilled workers loom, one MEP Contractor creates pathways to ease project takeovers and meet critical deadlines.

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Getting Homes Zero-Energy Ready on Long Island

The Pro Builder

United Way of Long Island is not only committed to providing DOE-certified net zero-energy ready homes but also cultivating a workforce to build them

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Breaking Ground on Better Payment Processes: Strategies for Construction Pros

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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The dangers of legacy ERPs for construction companies: Why it’s time to upgrade

Construction Dive

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

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Single-Story New-Home Construction Increases Year-Over-Year

The Pro Builder

According to recent analysis of U.S. Census Bureau data by the National Association of Home Builders, overall there was an uptick in the share of single-story new-home starts year-over-year in 2023. Nationwide, the share of new homes with two or more stories fell from 52% to 51% year-over-year, while the share of new homes with one story grew from 48% to 49% during the same period.

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Chancellor spells out planning reform priorities

The Construction Index

On her first full working day in the job, new chancellor of the exchequer Rachel Reeves has given details of her plans to reform the UK planning system.

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How Artificial Intelligence Can Best Serve the Construction Industry

The Pro Builder

As construction projects grow more complex, project managers are increasingly finding themselves in need of new, innovative tools to streamline processes and improve overall efficiency. According to Unite.AI, one way to work through job-related challenges is through the use of artificial intelligence (AI). Assisting with each step in the process from planning to execution, AI tools can be helpful for managing both small- and large-scale construction projects.

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Simplify Complex Financial Workflows with CMiC’s Powerful Tools

Designed specifically for construction finance professionals, CMiC’s ERP delivers the tools needed to manage projects with precision. Integrated job costing ensures real-time visibility into expenses, while automated progress billing accelerates cash flow. Revenue recognition compliance tools automate revenue recognition, and powerful analytics provide actionable insights.

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Reeves’ bid for growth faces litmus test in Chatham

The Construction Index

The proposed redevelopment of Chatham Docks’ Basin3 poses an early challenge for the new Labour government and its presumption in favour of new housing.

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Nominate Outstanding Women in Construction 2024

The Construction Business Owner

Nominate Outstanding Women in Construction 2024 Recognizing today's leading construction professionals mhodges Mon, 07/08/2024 - 14:54 Construction Business Owner (CBO) Magazine is thrilled to announce the opening of nominations for our annual celebration of some of the most hardworking professionals in the industry — our special section to honor Outstanding Women in Construction (OWIC).

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Housebuilders ‘buoyed’ as chancellor announces major planning reform

Construction News

New Labour chancellor Rachel Reeves has outlined a raft of planning reforms to “get Britain building again”. Reeves used her first speech in her new post to announce a reversal of many Conservative policies including consulting on a new National Planning Policy Framework (NPPF) ,… The post Housebuilders ‘buoyed’ as chancellor announces major planning reform appeared first on Construction News.

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Preferred bidder announced for SRL East tunnelling works

Roads Online

Image courtesy of the Victorian Government. The second tunnelling contract for the Suburban Rail Loop East project has hit a major milestone, with a global consortium of tunnelling specialists being announced as the preferred bidder, as works power ahead on the first stage of the Victorian based project. The Suburban Rail Loop will transform Victoria – and by 2026, tunnel boring machines will be in the ground and more than 4000 people will be directly working on the project.

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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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Consolidated Water Sustains No Damage in Grand Cayman From Major Hurricane Beryl

Civil + Structural Engineer

GEORGE TOWN, Cayman Islands — Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, reported that its property and equipment sustained no damage after Hurricane Beryl passed approximately 40 miles south of the Cayman Islands early Thursday morning. “Fortunately, Grand Cayman was spared the kind of damage that this storm caused to other islands in the Caribbean,” stated Consolidated Water CEO, Rick

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History for VIC’s Level Crossing Removal Project

Roads Online

First train running on new Croydon rail bridge. Image courtesy of the Victorian Government. The Lilydale Line is the first rail line to be boom gate free in Melbourne, with the final two dangerous level crossings now gone a year ahead of schedule. Since 2017, the Level Crossing Removal Project has removed nine level crossings and built six new stations along the Lilydale Line, which together with the Belgrave Line, is Melbourne’s second busiest rail line on the network, used by more than 72,000

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ABC: Construction Unemployment Rate Plunges to Second Lowest Ever Recorded

Construction Superintendent Magazine

The construction industry added 27,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 235,000 jobs, an increase of 2.9%. Nonresidential construction employment increased by 21,200 positions on net, with growth in all three subcategories.

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Infrastructure decisions facing the new government

New Civil Engineer

The new Labour government has arrived in Number 10 – we look at the decisions relating to infrastructure such as energy, transport and planning that need resolving by the new ministers. The post Infrastructure decisions facing the new government appeared first on New Civil Engineer.

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Boost Growth & Efficiency with a Unified Construction Software Platform

Silos of data and outdated systems can hold your business back. It is time to switch to a modern construction software solution designed for specialty contractors. CMiC provides a platform that simplifies operations, improves visibility, and boosts efficiency. It integrates workflows like job costing, resource planning, forecasting, and compliance control into one system.

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Dad builds elaborate mini Cat D5 dozer replica (Video)

Equipment World

Using 3D modeling software and Cat's designs, Randy Chrisman built a working mini dozer that is proportionally scaled to the real-life midsize dozer.

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Mortenson Picked to Build $1.3B Tampa Bay Baseball Stadium

ENR Construction

Facility for Major League Rays' franchise, set to start construction next year, will anchor $6.5B St. Petersburg, Fla.

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Esh starts work at Seaham Garden Village

The Construction Index

The construction of 750 new affordable homes on the Durham Coast is under way, marking the next milestone in the development of the county’s first garden village.

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Job Order Contract Cooperatives – WHEN and HOW to Use Them

Job Order Contracting

Job Order Contract Cooperatives serve a purpose, however, it’s important to know WHEN and HOW they should be used. JOC Cooperatives enable organizations to speed the procurement of renovation, repair, maintenance, and new construction services (based upon applicable statutes) using a “Master Agreement” and within the basic structure/process of an “owner managed” JOC Program.

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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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US DOT Opens $607M Round of Reconnecting Communities Grants

ENR Construction

The new round of grants is much smaller than the one announced in 2023, which included a one-time infusion from the Inflation Reduction Act.

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Keepmoat starts £31m Blackburn scheme

The Construction Index

Work has started at Keepmoat’s Water’s Edge development in Blackburn.

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Motorist Convicted in Fatal Baltimore Work Zone Crash Transferred to Home Detention

ENR Construction

The National Transportation Safety Board has released preliminary findings from its investigation late last year.

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Gleeds director returns to Currie & Brown

The Construction Index

Quantity surveying firm Currie & Brown has appointed Kieran McManamon regional managing director for England and Wales.

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Scalable ERP Tailored for Small to Mid-Sized Construction Firms

Built for the construction industry, CMiC’s ERP delivers unified solutions to empower small to mid-sized firms. Consolidate project management, cost tracking, and team collaboration into one seamless platform. With tools that adapt to your business needs, CMiC simplifies communication between the office and field, ensuring greater efficiency and reduced risk.