Wed.Jul 10, 2024

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Here’s What Experts Are Predicting for the US Housing Market in 2025

The Pro Builder

While it is only halfway through 2024, experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise.

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Easing inflation, potential rate cuts boost backlog

Construction Dive

Builders have fared well so far this year despite high interest rates, rising prices and emerging weakness in the broader economy, according to ABC Chief Economist Anirban Basu.

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Duralite® is revolutionizing underground enclosures

Civil + Structural Engineer

Eco-friendly, lighter material is now the safer way to save time and money Underground enclosures are crucial to provide access to fiber networks and electrical equipment while protecting them from frost, rust, and the elements. For decades, these enclosures have been constructed from polymer concrete – a heavy, bulky, unwieldy, unsafe, and environmentally unfriendly product.

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After stalled labor talks, $2B Columbus airport project receives more funds

Construction Dive

Negotiations between local unions and contractors did not yield an agreement, but Hensel Phelps and the project owner say they’re dedicated to hiring local, disadvantaged businesses.

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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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First Geothermal Neighborhood in US Launches in Massachusetts

The Pro Builder

As concerns about greenhouse gas emissions grow, more developers across the U.S. are looking to incorporate energy efficiency into their building designs. A company in Massachusetts may have found a useful resource for this effort. In Framingham, Mass., electric services company Eversource Energy has established the first networked geothermal neighborhood in the U.S.

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New initiative seeks innovations to streamline NYC’s building process

Construction Dive

The Buildings Tech Lab is designed to evaluate technology solutions that can help the city’s Department of Buildings manage construction.

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BE&K to build $4.1B Novo Nordisk facility in North Carolina

Construction Dive

The project will encompass 1.4 million square feet across 10 buildings and boost the drugmaker’s production of the diabetes medication Ozempic.

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10 Most Undervalued Housing Markets in the US

The Pro Builder

Across the U.S., home prices are skyrocketing, causing many prospective buyers to continue renting. Despite elevated prices, some markets offer a better return on investment than others. GoBankingRates put together a list of the 10 most undervalued housing markets in the U.S. The number one most undervalued market is San Jose, followed by San Francisco, and then Clewiston, Fla.

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Office real estate is now a tale of three markets, Cushman & Wakefield says

Construction Dive

The office vacancy rate will peak at 21.6% in late 2025, but performance between the best and worst buildings varies greatly, according to the firm’s mid-year macro outlook for commercial real estate.

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The New Model of Rural Townhomes

Build LLC Blog

BUILD discusses the importance of rural density The post The New Model of Rural Townhomes appeared first on BUILD Blog.

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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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5 out of 6 shortlisted SMR firms submit tenders for Great British Nuclear competition

New Civil Engineer

Five out of six shortlisted firms have successfully submitted initial tenders for small modular reactors (SMRs) to Great British Nuclear (GBN) as the body’s competition for rolling out the technology in the UK moves forward. The post 5 out of 6 shortlisted SMR firms submit tenders for Great British Nuclear competition appeared first on New Civil Engineer.

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Floor Sanding: 7 Tips for Sanding Your Wooden Floor

Civil Engineer Blog

Planning on sanding your wooden floors? Make sure you do the job right. These seven tips will leave you with floors that are perfectly finished. Remove Molding Before You Sand If possible, you’ll want to carefully remove molding before you start your sanding project. You can reinstall the molding after the project is finished. The […] The post Floor Sanding: 7 Tips for Sanding Your Wooden Floor first appeared on Civil Engineer Blog.

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Struggling Thames Water needs £3.5bn to ‘hold asset deterioration stable’

New Civil Engineer

Thames Water has said its assets remain in “poor” condition despite £2.1bn investment in the last year and a further £3.5bn will be needed to “hold asset deterioration stable”. The post Struggling Thames Water needs £3.5bn to ‘hold asset deterioration stable’ appeared first on New Civil Engineer.

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Sheffield canal-side regeneration moves forward

The Construction Index

Sheffield City Council has approved plans for the first phase of a £300m mixed-use regeneration scheme.

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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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Willmott Dixon reports loss after supplier collapse cost £13m

Construction News

Willmott Dixon has suffered a second successive loss after the collapse of a major mechanical and electrical (M&E) subcontractor cost it £12.8m. Willmott Dixon did not name the subcontractor but said it had been completing works on two unnamed projects when it went under last… The post Willmott Dixon reports loss after supplier collapse cost £13m appeared first on Construction News.

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Why enhancing nature and reducing carbon emissions must be considered together

New Civil Engineer

Urgent action is needed by the construction industry to put nature on the same footing as carbon reduction during design and delivery – and we cannot afford for it to take as long as it did for net zero to become business as usual. The post Why enhancing nature and reducing carbon emissions must be considered together appeared first on New Civil Engineer.

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HE Services stocks up on Bobcats

The Construction Index

Plant hire company HE Services has started taking delivery of a new generation of Bobcat tracked loaders.

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Transport secretary expects DfT to ‘move fast and fix things’ and sets 5 strategic priorities

New Civil Engineer

The new transport secretary has said the new motto of the Department for Transport (DfT) is “move fast and fix things” as she set out five priorities to deliver “the biggest overhaul to transport in a generation”. The post Transport secretary expects DfT to ‘move fast and fix things’ and sets 5 strategic priorities appeared first on New Civil Engineer.

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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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Willmott Dixon picked for Cheadle College redevelopment

The Construction Index

Willmott Dixon has been appointed main contractor for a £27m campus redevelopment at Cheadle College.

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Industry cautiously positive on government’s National Wealth Fund for green investment

New Civil Engineer

Industry has welcomed this week’s announcement from the government about its National Wealth Fund (NWF) for green investments - but with some caveats. The post Industry cautiously positive on government’s National Wealth Fund for green investment appeared first on New Civil Engineer.

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Wirtgen and ANA: Always on the front foot

Roads Online

ANA Asphalts is now one of the largest players in the New South Wales asphalt industry, despite only being around for a number of years. Keeping ahead of industry requirements has led to the exponential growth of ANA Asphalts since 2014. Wirtgen machinery has also played a role, as Director Angus Walker explains. W hether it’s councils, civil contractors or private customers, ANA Asphalts has gone from the ‘new kid on the block’ to catering for some of the largest and toughest infrastructure pro

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Bolder steps needed by planners and policy makers to achieve future transport transformation

New Civil Engineer

Moving from “predict and provide” to “decide and provide” for long-term transport planning is critical to creating a transport network that supports the UK’s aspirations for economic prosperity, social mobility and carbon net zero. The post Bolder steps needed by planners and policy makers to achieve future transport transformation appeared first on New Civil Engineer.

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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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Bullish trading update from Galliford Try

The Construction Index

Galliford Try has told shareholders that continued strong trading will result in revenue and profits beyond analysts’ expectations Read Full Article: The Construction Index

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Balfour Beatty wins £184.7M contract long-waited A9 Tomatin to Moy dualling

New Civil Engineer

Balfour Beatty has been awarded the long awaited £184.7M contract to dual the section of the A9 between Tomatin and Moy marking a milestone for Transport Scotland’s £3.7bn upgrade of the road. The post Balfour Beatty wins £184.7M contract long-waited A9 Tomatin to Moy dualling appeared first on New Civil Engineer.

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Regional contractor delivers 7.3% operating margin

The Construction Index

Targeting care home developments has helped east midlands contractor Kori Construction grow turnover by more than 50% and deliver an operating margin of more than 7%.

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Exemplary Leadership & Strategic Vision: The Moore Family & US Handyman

CCR Magazine

US Handyman Service is delighted to announce Lynn Harnishfeger as its new Executive Vice President. Lynn brings a wealth of experience and expertise in leadership and strategic acumen to this pivotal role. As Executive Vice President, Lynn will play a crucial role in driving US Handyman’s continued growth and success in the facilities industry.

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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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Revised Bellway offer wins over Crest Nicholson board

The Construction Index

The board of Crest Nicholson has said that it is minded to recommend shareholders approve a revised £720m takeover bid form Bellway, should the offer be formalised.

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SOM, Energy Vault Enter Partnership on Gravity-Based Energy Storage

ENR Construction

The companies will continue to develop systems that use the lifting of large composite blocks and the pumping of water to store potential energy for later power generation.

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Hill site manager rises to managing director

The Construction Index

The Hill Group has promoted Cain Peters to managing director in charge of special projects. Cain Peters began his time with Hill as a site manager 17 years ago and now takes charge of the housing developer’s large, high density construction projects.

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Siplast Demo-Cast: Siplast WALLcontrol™ Air Barrier Systems

Construction Specifier

Join Siplast for an insightful Demo-Cast on their WALLcontrol Air Barrier Systems. Register now to learn, interact, and grow with the best in the industry! The post Siplast Demo-Cast: Siplast WALLcontrol™ Air Barrier Systems appeared first on Construction Specifier.

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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.