Tue.Sep 03, 2024

article thumbnail

Mortgage Rates Drop to Lowest Point in a Year

The Pro Builder

In a housing market where home prices remain near record highs, lower mortgage rates could provide some relief to prospective homebuyers. According to ABC News, the average rate on a 30-year mortgage has recently decreased to 6.35%, the lowest level in over a year. A year ago, the rate was at 7.18%. Similarly, the average rate for a 15-year fixed-rate mortgage, often favored by those looking to refinance, has fallen to 5.51%, compared with 6.55% a year ago.

130
130
article thumbnail

OSHA sets late December comment deadline for extreme heat standard

Construction Dive

The agency’s proposed rule would require employers to develop heat injury and illness prevention plans, among other actions.

375
375
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here’s How Much Is Needed to Afford a Starter Home

The Pro Builder

As housing becomes more expensive, the amount homebuyers need to earn to afford to purchase a home also grows. According to housing market platform Redfin, homebuyers need to earn approximately $80,000 per year to afford the median-priced starter home, up 4.4% from last summer and only about $500 below the all-time high. That makes starter homes just barely affordable to families earning the median U.S. income, and unaffordable to families earning less than the median income.

246
246
article thumbnail

NY sues Cuomo Bridge builders over allegedly faulty cables

Construction Dive

The New York State Thruway Authority’s lawsuit says some stay cable anchors have to be retrofitted only six years after the $4 billion span opened.

310
310
article thumbnail

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.

article thumbnail

Kistler’s largest WIM installation in the world slated for Providence, Rhode Island, to monitor structural health of aging bridge

Civil + Structural Engineer

Rhode Island installs traffic and structural health monitoring system to proactively maintain vital bridge The Rhode Island Department of Transportation (RIDOT) is partnering with Kistler, the global leader in dynamic measurement technology, to provide state-of-the-art technology solutions to monitor and protect the structural health of the Washington Bridge, a vital bridge in the city of Providence.

article thumbnail

RFIs made easier. For everyone.

Construction Dive

Discover how AI-powered design review tools are revolutionizing the costly and time-consuming RFI process in construction, delivering unprecedented efficiency, clarity and collaboration for project teams.

More Trending

article thumbnail

Texas breaks ground on $573M psychiatric hospital

Construction Dive

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

360
360
article thumbnail

STV Celebrates the Successful Completion of Sound Transit’s Lynnwood Link Extension Project

Civil + Structural Engineer

SEATTLE, WA – STV, a leading professional services firm that plans, designs and manages infrastructure projects across North America, joins Sound Transit in celebrating the opening of the Lynnwood Link Extension , an 8.5-mile light rail route extending from Northgate into Snohomish County. Opening to the public on Friday, August 30, 2024, this project includes four new stations, allowing riders to travel between south Snohomish County and downtown Seattle, Sea-Tac Airport and more.

article thumbnail

Construction spending dips again as contractors await Fed relief

Construction Dive

Fluctuations in recent months stem from a worsening shortage of qualified workers, according to AGC’s chief economist.

331
331
article thumbnail

Register Now for the Builders’ Show and Get Special Pricing

The Pro Builder

Register Now for the Builders’ Show and Get Special Pricing Image Credit Photo: Pro Builder ibush Tue, 09/03/2024 - 12:40 Take advantage of early registration by Sept. 30 and claim Your $75 IBS Expo Pass The International Builders' Show (IBS) is your chance to get the great ideas and real solutions you need to grow and strengthen your business. Meet with the top companies in the industry.

Zoning 130
article thumbnail

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.

article thumbnail

August 2024 wins: Contractors report their latest awards

Construction Dive

Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Clark, Kiewit and Tutor Perini.

217
217
article thumbnail

Construction Industry Sees More White Collar Jobs Than Ever Before

The Pro Builder

As the construction industry grows and changes, so does the type of labor that is needed. According to the National Association of Home Builders’ Eye On Housing blog, the makeup of the construction labor force over the last two decades has shifted to encompass more computer, engineering and science roles. From 2005 to 2022, the share of tradesmen declined from 71% to about 61%.

article thumbnail

Safety Leadership Conference 2024: Safety First, Leadership Always

Safety Services Company

In a rapidly changing industrial landscape, ensuring workplace safety is more crucial than ever. The Safety Leadership Conference 2024, which lasted from August 26-28 , was a transformative event for safety professionals across various sectors including manufacturing, construction, distribution, transportation, and utilities. This Safety Leadership conference is designed to equip safety leaders with the necessary tools and insights to foster safer work environments – and every year they succeed

article thumbnail

Ivory Innovations Announces Opening of Nominations for the 2025 Ivory Prize for Housing Affordability

The Pro Builder

Ivory Innovations Announces Opening of Nominations for the 2025 Ivory Prize for Housing Affordability ibush Tue, 09/03/2024 - 08:05

130
130
article thumbnail

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.

article thumbnail

‘Shadow’ Great British Railways launched as railways public ownership Bill progresses

New Civil Engineer

Transport secretary Louise Haigh has today, 3 September, launched “Shadow” Great British Railways (Shadow GBR) as the first step in the long-awaited major overhaul of the UK’s rail network. The post ‘Shadow’ Great British Railways launched as railways public ownership Bill progresses appeared first on New Civil Engineer.

article thumbnail

Register Now for the Builders’ Show and Get Special Pricing

The Pro Builder

Register Now for the Builders’ Show and Get Special Pricing ibush Tue, 09/03/2024 - 06:14

130
130
article thumbnail

Foundations strengthened on Yarm Viaduct

The Construction Index

Foundations specialist Roger Bullivant is midway through a complex pile jacking operation to retore a North Yorkshire rail viaduct.

125
125
article thumbnail

Government offers up to £5.5bn for Sizewell C development subsidy

Construction News

The government has proposed subsidising the development of Sizewell C by up to £5.5bn. A new funding scheme will partly cover the costs of developing the £20bn nuclear megaproject until the government makes its final investment decision, which will allow construction to start. A Department… The post Government offers up to £5.5bn for Sizewell C development subsidy appeared first on Construction News.

105
105
article thumbnail

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.

article thumbnail

IIT, Dharwad Recruitment 2024 for Jr Asst, Asst Registrar & Other | 29-09-2024

Construction Placements

IIT, Dharwad Recruitment 2024 for Jr Asst, Asst Registrar & Other | 29-09-2024 IIT, Dharwad Recruitment 2024 for Jr Asst, Asst Registrar & Other with 13 post vacancies, last date to apply is 29-09-2024 The post IIT, Dharwad Recruitment 2024 for Jr Asst, Asst Registrar & Other | 29-09-2024 appeared first on ConstructionPlacements.

article thumbnail

Europe’s largest windfarm and 6 tidal schemes among 131 projects progressed in renewable auction

New Civil Engineer

The UK government has struck funding deals for 131 renewable energy projects including Europe’s largest windfarm and six tidal stream projects in the latest Contracts for Difference (CfD) auction. The post Europe’s largest windfarm and 6 tidal schemes among 131 projects progressed in renewable auction appeared first on New Civil Engineer.

Contracts 105
article thumbnail

Didcot collapse: MP asks minister to explain ‘insulting delay’ to probe

Construction News

An MP has written to the new policing minister about the “insulting” delay in concluding the investigation into the Didcot Power Station collapse. Labour’s representative for Rotherham, Sarah Champion, asked Diana Johnson to clarify when the probe would be concluded, and to comment on the… The post Didcot collapse: MP asks minister to explain ‘insulting delay’ to probe appeared first on Construction News.

98
article thumbnail

How Much Will My House Cost to Build? A Global Overview

Construction Placements

How Much Will My House Cost to Build? A Global Overview Building a house involves many variables—location, size, materials, and labor all contribute to the cost. This guide covers everything you need to know about estimating house construction costs, offering a global perspective and tips for staying within your budget. The post How Much Will My House Cost to Build?

article thumbnail

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.

article thumbnail

3 Things People Overlook When Building A New Home

Civil Engineer Blog

If you’re in the process of planning a new build, you will want to perform as much research as possible. It’s all too easy to overlook important matters and have to deal with them once the home as been erected. However, it’s much better if you ensure everything is covered before the first brick is […] The post 3 Things People Overlook When Building A New Home first appeared on Civil Engineer Blog.

article thumbnail

World’s strongest land-based crane with 6,000t capacity launched

New Civil Engineer

Heavy lifting company Mammoet has announced the release of the world’s strongest land-based crane, which carries a loading capacity of 6,000t and can be run on full electric power. The post World’s strongest land-based crane with 6,000t capacity launched appeared first on New Civil Engineer.

Lifts 111
article thumbnail

6 Ways Supply Chain Trends Impact Businesses

For Construction Pros

The supply chain landscape of 2024 demands agility, resilience, and foresight from businesses. By embracing these strategies, businesses can not only weather disruptions but also thrive in an increasingly volatile global economy.

article thumbnail

PC Women Participate in Women Build Week

PC Construction

A team of 10 PC women from the Vermont region recently participated in Habitat for Humanity’s annual Women Build Week. This annual campaign focuses on bringing women together to build stronger communities. Women and children are the most likely to be affected by poor living conditions, and events like Women Build provide the opportunity for women to serve their communities while expanding their construction skills.

95
article thumbnail

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.

article thumbnail

HS2 milestone as first viaduct completed

The Construction Index

A structure in Northamptonshire has officially become the first viaduct on the HS2 project to be completed.

123
123
article thumbnail

Queensland’s M1 hits construction milestones

Roads Online

Image: tmr.qld.gov.au The Coomera Connector bridge between Brisbane and the Gold Coast has hit major construction milestones across all three packages of the project, with stage one expected to open to traffic in sections from late 2025. Jointly funded by the Federal and Queensland governments, the $3.026 billion, one kilometre bridge that spans the Coomera River, Hope Island Road and Saltwater Creek is taking shape, with 350 bridge girders installed and 13 bridge deck concrete pours completed s

article thumbnail

Everton Stadium | Playing surface construction progresses with gravel layer and undersoil pipes

New Civil Engineer

Engineers working on Everton FC’s new stadium at Bramley-Moore Dock in Liverpool are progressing with the layered pitch installation. The post Everton Stadium | Playing surface construction progresses with gravel layer and undersoil pipes appeared first on New Civil Engineer.

article thumbnail

Suffolk debut for British Offsite system

The Construction Index

British Offsite’s UnisystemLB panels are making their debut on a residential development in Suffolk.

116
116
article thumbnail

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.