Tue.Jun 04, 2024

article thumbnail

Home Prices Are Beginning to Cool Down

The Pro Builder

Home Prices Are Beginning to Cool Down csweeney Tue, 06/04/2024 - 08:00 By July, the annual growth rate is projected to be just 4% year-over-year, but shifting supply and demand levels could change this estimate After months of ramping up, new data suggest home price gains have started to cool off. According to a recent report from technology and data provider Intercontinental Exchange (ICE), annual home price gains decreased in April for the second consecutive month.

Ramps 130
article thumbnail

How climate change is hitting highways

Construction Dive

Resilience is a key consideration for road builders amid a slew of new environmental conditions, said a Federal Highway Administration official at the recent 2024 NIBS conference in Washington, D.C.

347
347
Insiders

Sign Up for our Newsletter

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

article thumbnail

Open Space Institute and West Point Cadets Unveil New Bridge at Schunnemunk State Park

Civil + Structural Engineer

Collaboration enhances recreational access to nature, showcases cadet expertise CORNWALL, NY – OSI and collaborators, including the U.S. Military Academy (USMA) at West Point, Palisades Interstate Park Commission (PIPC), and the New York State Office of Parks, Recreation, and Historic Preservation (OPRHP) celebrate the completion of a second pedestrian trail bridge at Schunnemunk State Park.

article thumbnail

Construction spending slips but 1 sector shines

Construction Dive

The largest private segment — manufacturing construction — has jumped more than 17% over the past 12 months, according to new federal data.

332
332
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

Foreclosure Activity Declines in Q2 2024

The Pro Builder

Foreclosure Activity Declines in Q2 2024 csweeney Tue, 06/04/2024 - 08:00 1.3 million homes in the US are currently vacant, representing just over 1% of all housing inventory In 2021, the U.S. saw a surge in foreclosure activity after the nationwide moratorium on lenders pursuing delinquent homeowners was lifted. Now in 2024, foreclosure activity is declining.

Lifts 130
article thumbnail

Vistra, ENGIE, other developers move to tap $5B Texas Energy Fund for 41 GW of gas-fired projects

Construction Dive

The fund will provide low-interest loans for new generation. “Our plan is to expand this program in the upcoming legislative session,” said Lt. Gov. Dan Patrick.

289
289

More Trending

article thumbnail

Autodesk completes investigation, won’t restate financials

Construction Dive

After an internal committee reviewed its books, the San Francisco contech giant moved its chief financial officer to another role.

245
245
article thumbnail

As Demand Weakens, Home Sellers Are Cutting Prices

The Pro Builder

As Demand Weakens, Home Sellers Are Cutting Prices csweeney Tue, 06/04/2024 - 08:00 The median asking price dropped by $3,000 in May, but home prices and mortgage rates remain high In what could be a positive sign for prospective homebuyers, home sellers are cutting their asking prices at a higher rate compared with the past several months. According to data from housing market platform Redfin, 6.4% of home sellers cut their asking price during the four weeks ending May 26—the highest share sinc

130
130
article thumbnail

Turner breaks ground on $41M Texas A&M project

Construction Dive

The three-story building will feature a technology makerspace for students to design and develop physical prototypes.

article thumbnail

Aliaxis lines up UK plant closures

The Construction Index

Changes at plastic pipe manufacturer Aliaxis UK are in the offing with employees being told that they could be about to lose their jobs.

124
124
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

Construction Dispute Resolution: Navigating Challenges in the Global Construction Industry

Construction Placements

Construction Dispute Resolution: Navigating Challenges in the Global Construction Industry Disputes are inevitable in construction projects due to their complex nature. Learn about effective methods to resolve construction disputes and ensure project success. The post Construction Dispute Resolution: Navigating Challenges in the Global Construction Industry appeared first on ConstructionPlacements.

article thumbnail

United Utilities names contractors for £3bn of water work 

Construction News

United Utilities has named seven partners to help deliver £3bn of major infrastructure work. Kier, Murphy and Costain have been picked by the North West water company alongside C2V (a VolkerStevin/Jacobs joint venture), Mott Macdonald Bentley and MWH Treatment. The works form part of United… The post United Utilities names contractors for £3bn of water work appeared first on Construction News.

100
100
article thumbnail

Metal & Steel Factory, Ishapore Recruitment 2024 for Apprenticeship Training

Construction Placements

Metal & Steel Factory, Ishapore Recruitment 2024 for Apprenticeship Training Metal & Steel Factory, Ishapore Recruitment 2024 for Apprenticeship Training (Mechanical, Electrical, Metallurgical) The post Metal & Steel Factory, Ishapore Recruitment 2024 for Apprenticeship Training appeared first on ConstructionPlacements.

article thumbnail

Construction Equipment Management

Civil Engineer Blog

Construction equipment is one of the three major inputs of the building construction process, together with labor and materials. One of the reasons for the development and use of equipment within construction is, to enable construction activities to be performed which are beyond the limit of human strength, and to achieve high standards, which is […] The post Construction Equipment Management first appeared on Civil Engineer Blog.

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

Insurance and Liability in Construction: A Comprehensive Guide for Global Construction Professionals

Construction Placements

Insurance and Liability in Construction: A Comprehensive Guide for Global Construction Professionals This comprehensive guide provides an in-depth look at insurance and liability in the construction industry, offering global professionals essential insights into managing risks, selecting appropriate insurance policies, and ensuring compliance with legal requirements.

article thumbnail

Election 24: Multibillion-pound roads plan delayed

Construction News

Plans for the next five-year period of road investment have been delayed due to the general election, Construction News can reveal. A draft of the third road investment strategy (RIS3), outlining which road schemes the government will fund between 2025-2030, was due to be published… The post Election 24: Multibillion-pound roads plan delayed appeared first on Construction News.

98
article thumbnail

Coates keeps Sydney canal dry for restoration

Roads Online

Image courtesy of Coates. How do you keep the tide at bay while refurbishing a waterway for the local community? Learn how Coates Engineering Solutions delivered a comprehensive dewatering and water treatment solution for D4C to keep construction work on track. In November 2022, Sydney Water commissioned a consortium of engineering groups called Delivering 4 Customers (D4C) to revitalise Muddy Creek at Brighton-Le-Sands in south Sydney.

article thumbnail

Toddbrook Reservoir restoration enters next phase with construction of new spillway

New Civil Engineer

Work to restore Toddbrook Reservoir has entered a “major construction phase” with works by contractor Kier on the new spillway “well underway”, but the completion date has slipped back according to the Canal & River Trust. The post Toddbrook Reservoir restoration enters next phase with construction of new spillway appeared first on New Civil Engineer.

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

Manchester Airport wheels bridge into place [–with video]

The Construction Index

Manchester Airport has release timelapse video showing the installation of a 216-tonne link bridge at its Terminal Two.

116
116
article thumbnail

90-year-old Middlesborough road bridge to close for 7 weeks for £1.5M maintenance programme

New Civil Engineer

The Tees Newport Bridge in Middlesborough which carries the A1032 over the River Tees will close for seven weeks this summer to allow Balfour Beatty to carry out a £1.5M major maintenance programme. The post 90-year-old Middlesborough road bridge to close for 7 weeks for £1.5M maintenance programme appeared first on New Civil Engineer.

article thumbnail

Vistry strikes £580m deal for 1,750 homes

The Construction Index

House-builder Vistry has agreed terms with Blackstone Real Estate and Regis Group for the sale of a portfolio of new homes with a gross development value of £580m.

article thumbnail

Could UK construction become self-sustaining? The rise of onshoring

New Civil Engineer

As a sector with a global supply chain, construction is amongst the first to feel the effects of geopolitical events. The post Could UK construction become self-sustaining? The rise of onshoring appeared first on New Civil Engineer.

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

Can buildings improve mental health?  

Construction News

Darren Brooks is head of technical and design at offsite manufacturer Premier Modular The national picture of mental health remains concerning, with one in six people in England experiencing a common mental health problem in any given week. Increasingly, the impact of the built environment… The post Can buildings improve mental health? appeared first on Construction News.

article thumbnail

Market volatility is taking its toll on UK construction and engineering

New Civil Engineer

UK construction is embattled. Growth is eluding us, barricaded behind an obstacle course of ongoing economic challenges, rising global tensions and an imminent General Election. The post Market volatility is taking its toll on UK construction and engineering appeared first on New Civil Engineer.

article thumbnail

Construction starts on Brent Cross Town’s first office building

The Construction Index

Main contractor Bam has started construction work on the first office building on the £8bn Brent Cross Town development in north London.

97
article thumbnail

Balfour’s partnership with Motts, Atkins, Jacobs seeks to set trends for optimal design process

New Civil Engineer

Balfour Beatty’s Strategic Design Partnership (SDP) with Mott MacDonald, AtkinsRéalis and Jacobs has made significant strides in optimising infrastructure design processes, senior figures from the firms have told NCE. The post Balfour’s partnership with Motts, Atkins, Jacobs seeks to set trends for optimal design process appeared first on New Civil Engineer.

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

CMAA New England Recognizes BETA Technologies Project

PC Construction

Yesterday, PC Construction was recognized by the Construction Management Association of America’s New England Chapter with a Project Achievement Award for the BETA Technologies S40 Aircraft Assembly Facility. The Project Achievement Awards highlight the “best of the best” projects that serve as an example in the construction industry and are true pinnacles of excellence and innovation.

article thumbnail

Seven hospitalised in fire on Bouygues site

Construction News

Seven people have been taken to hospital after a fire broke out on a Bouygues UK construction site in east London. Emergency crews were called at around 8.30am on Tuesday to the Hallsville Quarter regeneration site in Canning Town, where a ground floor commercial unit… The post Seven hospitalised in fire on Bouygues site appeared first on Construction News.

81
article thumbnail

Tender released for $1bn contract to rebuild collapsed Francis Scott Key Bridge in Baltimore

New Civil Engineer

A $1bn tender for the rebuild of the Francis Scott Key Bridge has been released by the Maryland Transportation Authority (MDTA). The post Tender released for $1bn contract to rebuild collapsed Francis Scott Key Bridge in Baltimore appeared first on New Civil Engineer.

article thumbnail

Video: Komatsu’s long-undercarriage PC130LC-11 excavator

Equipment World

Take Equipment World's walkaround tour of Komatsu's long-undercarriage excavator and see it in action. Watch at equipmentworld.com.

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.