Mon.Aug 05, 2024

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Unusual Summer for Home Sales as Sellers Cut Prices

The Pro Builder

After months of home price gains, homebuyers can finally look forward to seeing price cuts across the housing market. In July, the median home price dropped to $439,950 from $445,000 in June, online real estate platform Realtor.com reports. Additionally, there was a rise in the number of listings with price reductions, reaching a two-year high of 18.9% in July, and up 3.4% from the previous year.

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Fluor expects growth in data center, semiconductor construction

Construction Dive

The Irving, Texas-based firm secured $3.1 billion in new awards during the second quarter, driven by manufacturing and life sciences projects.

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Henderson Engineers Hits Slam Dunk on Sustainable Design Features for Intuit Dome

Civil + Structural Engineer

National Building Systems Design Firm Helps Bring World’s First Climate Positive Arena to Life LENEXA, Kan. — Henderson Engineers , a national building systems design firm, is proud to be part of the all-star team helping deliver Intuit Dome , the world’s first climate positive arena and home of the Los Angeles Clippers. When fans pour into the state-of-the-art facility for NBA games, concerts, and other entertainment events upon its grand opening on August 15, they’ll be stepping into a multi

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Tutor Perini sees ‘major project opportunities,’ but settlement drags down profits

Construction Dive

The heavy civil contractor says demand for megaprojects is higher than the number of contractors qualified to bid on them, but disputes continue to make it risky business.

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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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Memphis District Engineer, Geotechnical Section Chief named Geotechnics Professional of the Year

Civil + Structural Engineer

MEMPHIS, Tenn. – The U.S. Army Corps of Engineers (USACE) Headquarters Engineering and Construction Division announced in June that Nicholas “Nikko” Aleman, the Geotechnical Section Chief for the Memphis District (MVM), is the recipient of this year’s Timothy Skeen Geotechnics Professional of the Year award. The Timothy Skeen Geotechnics Professional of the Year award recognizes one USACE geotechnics professional who has demonstrated the highest professionalism and commitment

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Marriott to emphasize conversions over new builds, CEO says

Construction Dive

The hospitality company is scaling back on new projects largely due to the high cost and complex financing involved in ground-up construction, according to its second quarter earnings call.

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Turner-Walsh JV breaks ground on contested, $800M Northwestern University stadium

Construction Dive

The new Ryan Field in Evanston, Illinois, will have 12,000 fewer seats, allowing it host smaller events in addition to football, but some local residents are fighting it.

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The Rise of Micro-Housing Developments Using ADUs

The Pro Builder

One ADU, two … tiny homes? Pocket-community units? Micro-housing clusters? What should the plural of accessory dwelling units be called?In grouping accessory dwelling units or ADUs into multi-unit clusters, the naming gets tricky. Accessory to what? But let’s not get tripped up on the nomenclature. Micro-housing developments (let’s go with that term) are coming, and builders and their customers stand to gain from it.

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3 essential advantages AI is delivering to quality teams

Construction Dive

When safety, cost, schedule and performance are on the line, quality teams need every advantage they can get. AI can help.

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Buy/sell agreements

Civil + Structural Engineer

By Ezequiel Tovar, Ownership Transition Analyst, Zweig Group From The Zweig Letter These are vital instruments for AEC companies to ensure smooth transitions and business continuity. In the AEC industry, buy/sell agreements are essential tools to ensure business continuity and stability. These agreements are pivotal in facilitating seamless ownership transitions and safeguarding the interests of all parties involved.

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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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New York transit chief paints grim picture for MTA without congestion pricing revenue

Construction Dive

As the Metropolitan Transportation Authority deals with the financial fallout from the congestion pricing pause, advocates filed two lawsuits seeking to overturn Gov. Kathy Hochul’s decision.

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Homeownership Rate Decrease Most Significant for Younger Demographic

The Pro Builder

While data show that the U.S. national homeownership rate in Q2 2024 held steady relative to Q1 at 65.6%, it was still the lowest rate of homeownership in two years, according to the National Association of Home Builders’ Eye On Housing blog, and below the 25-year average of 66.4%. But the data made clear it's households under 35 that are being hardest hit by housing affordability issues.

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Halff Expands Arkansas Presence with New Fayetteville Office

Civil + Structural Engineer

FAYETTEVILLE, Ark. — Halff, an award-winning, employee-owned, diverse and full-service infrastructure consulting firm, has opened an office in Fayetteville, marking its second office in Northwest Arkansas and the fifth in the Natural State. “Northwest Arkansas is one of the fastest growing areas in the U.S., which has created an even greater need for Halff’s services,” President and CEO Jessica Baker Daily said. “Our new Fayetteville office’s proximity to the

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Young Homebuyers Say They Are More Likely to Risk Safety to Afford a Home

The Pro Builder

In a market bogged down by high housing costs, some buyers are willing to make sacrifices to afford a home. A recent survey from housing market data tracker Redfin shows nearly one in five house hunters are prepared to compromise their physical safety to purchase a home within the next year. While survey respondents generally preferred to forgo less essential housing features, such as the number of bedrooms, a notable portion—particularly among younger generations—expressed a willingness to buy

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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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HS2: Euston private funding plan uncertain as ‘due’ date lapses

New Civil Engineer

Officials working up private funding options for the development of HS2’s Euston Station were due to have presented a shortlist to ministers by now, it has emerged. The post HS2: Euston private funding plan uncertain as ‘due’ date lapses appeared first on New Civil Engineer.

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Homeowners Keep Getting Older

The Pro Builder

Despite reports of home price cuts, costs remain elevated, ultimately causing the homeownership rate to drop. At 65.6%, the average homeownership rate is below the 25-year average of 66.4%, according to the National Association of Home Builders’ Eye On Housing blog. The homeownership rate for younger generations is even lower. As of Q2 2024, the homeownership rate for those under the age of 35 decreased to 37.4%.

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Refueling, EV, and Service Trailers Reduce Equipment Downtime

For Construction Pros

The next generation of service trailer might make-or-break your jobsite experience. A diverse mix of machine types means that your fueling trailers and trucks need to be able to handle every possible need to avoid a work stoppage.

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Home Price Cuts Are on the Rise

The Pro Builder

After months of home price gains, homebuyers can finally look forward to seeing price cuts across the housing market. In July, the median home price dropped to $439,950 from $445,000 in June, online real estate platform Realtor.com reported. Additionally, there was a rise in the number of listings with price reductions, reaching a two-year high of 18.9% in July, and up 3.4% from the previous year.

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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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Next 12 London Underground stations to have step-free accessibility upgrades announced

New Civil Engineer

Feasibility assessments and design work for step-free access is being carried out by Transport for London (TfL) at 12 more London Underground stations. The post Next 12 London Underground stations to have step-free accessibility upgrades announced appeared first on New Civil Engineer.

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Honey plans £53m Doncaster estate

The Construction Index

House-builder Honey has submitted plans and exchanged contracts on a 16-acre site in Bessacarr, Doncaster, to build a £53m, 184-home development.

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DLR extension from Beckton Riverside to Thamesmead business case to be developed

New Civil Engineer

The proposed Docklands Light Railway (DLR) from Beckton Riverside to Thamesmead extension will have its business case developed following a successful public consultation, Transport for London (TfL) has said. The post DLR extension from Beckton Riverside to Thamesmead business case to be developed appeared first on New Civil Engineer.

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Mastering the art of project schedule: Expert insights on design and construction

BDC Network

Mastering the art of project schedule: Expert insights on design and construction 0 qpurcell Mon, 08/05/2024 - 13:11 Architects We sat down with two experts in the design field, Ron Dick (Founding Partner and Architect) and Mike Niezer (COO and Architect), to talk about everything you need to know about the entire process. Mike Niezer, RA, and Ron Dick, AIA, LEED AP Contractors Designers Architects Starting a build project can be intimidating, even if you’ve had experience with it before.

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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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Keep Your Air Conditioner Functioning Properly With These Useful Tips

Civil Engineer Blog

As anyone who has had air conditioning installed in their home or office will know, it is a rather expensive investment. However, as long as it works well and keeps you cool, then it is worth the cost. Did you know that if properly looked after, most air conditioners can last between 10 and 15 […] The post Keep Your Air Conditioner Functioning Properly With These Useful Tips first appeared on Civil Engineer Blog.

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Network Rail undertakes urgent repairs to unique sliding railway bridge over Lincolnshire canal

New Civil Engineer

Railway engineers are working to repair a historic sliding swing bridge that takes trains over the Stainforth & Keadby Canal in the village of Keadby near Scunthorpe. The post Network Rail undertakes urgent repairs to unique sliding railway bridge over Lincolnshire canal appeared first on New Civil Engineer.

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Ravenscraig remediation plans drawn up

The Construction Index

Plans for transforming more old steelworks land in Motherwell are moving forward.

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Proposed £3bn 2GW Loch Ness pumped storage hydro scheme edges ahead

New Civil Engineer

A second community consultation will take place this month for a planned 2GW pumped storage hydro (PSH) project near Loch Ness. The post Proposed £3bn 2GW Loch Ness pumped storage hydro scheme edges ahead 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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Swansea council in hotel development talks

The Construction Index

Construction of a new hotel in Swansea's Copr Bay could start next year.

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Midlands Connect details top 17 road projects it believes government should build next

New Civil Engineer

Transport body Midlands Connect has detailed 17 road projects it believes the new government should build next to best benefit the Midlands region. The post Midlands Connect details top 17 road projects it believes government should build next appeared first on New Civil Engineer.

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Contract awarded for first phase of 2023 Olympic athlete village

Roads Online

Image courtesy of the Queensland Government. An $87 million contract has been awarded to deliver the athlete village for the Brisbane 2032 Olympic and Paralympic Games. BMD have been announced as the successful tenderer for the $87 million Economic Development Queensland contract that will deliver the first phase of the Northshore Brisbane Street Renewal Program.

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Weardale Natural Flood Management scheme in County Durham completed

New Civil Engineer

The £2.1M Weardale Natural Flood Management scheme, comprising 25 nature based features across County Durham, was completed last week. The post Weardale Natural Flood Management scheme in County Durham completed appeared first on New Civil Engineer.

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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.