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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Future-Proof Your Firm: Discover the Power of Next Gen Construction ERP

In the face of rising customer expectations and evolving industry standards, staying ahead in construction demands innovation. A Next Generation Construction ERP is designed to meet these challenges head-on. By integrating this advanced system into your tech stack, you empower your team with a single source of truth, enhancing decision-making and operational efficiency.

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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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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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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.

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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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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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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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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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Unlock Project Efficiency with the Ultimate Construction ERP Buyer’s Guide

Optimize your construction operations with our in-depth Buyer’s Guide on selecting the right ERP system. As the construction industry evolves, leaders must make decisions that ensure long-term success. Our guide provides a roadmap for choosing a specialized construction ERP that streamlines processes, enhances productivity, and boosts project visibility.

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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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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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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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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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The Art of Contingency Planning: Dealing with Unforeseen Costs

Contingency planning is a strategic plan to allocate resources, time, and money if “all hell breaks loose” on a project. It considers risk mitigation and planning for a worst-case scenario.  Contingency planning in construction is necessary. You're expected to throw in a percentage to cover a contingency plan in your estimates but is it enough? There is an art to this type of planning and, if project leaders aren’t careful, a contingency plan could cost the company a lot more than lapsed deadlin

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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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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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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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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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Switching to a Robust ERP Designed for Construction: 10 Essential Factors To Consider

For construction firms striving for operational excellence, the right ERP is a game-changer. Upgrading your construction ERP is essential for optimizing operations, enhancing decision-making, and driving growth. By downloading "10 Factors to Consider When Switching Your Construction ERP," you will learn: The importance of adaptability and scalability in ERP solutions.

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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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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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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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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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From Plan to Reality: Unlocking the Power of Aerial Imagery for AEC

Aerial imagery has emerged as a necessary tool for architecture, engineering, and construction firms seeking to improve pre-construction site analysis, make more informed planning decisions, and ensure all stakeholders have access to an accurate visualization of the site to keep the project moving forward. Download our guide and take a deeper look at how aerial imagery can be leveraged to drive project efficiency by reducing unnecessary site visits and providing the accurate details required to

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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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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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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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Barratt puts aside fresh £192m for building remediation

Construction News

Barratt Developments has put aside a fresh £192m to remediate dangerous buildings. In a trading update published this morning (10 July), the housebuilder said the “legacy property” sum includes £61.9m relating to increased contingency for fixing fire safety and external wall systems as well as… The post Barratt puts aside fresh £192m for building remediation appeared first on Construction News.

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Boost Profitability: Invest in a Construction Software Platform Today

To maximize your construction firm's profitability with a construction-specific software platform, your firm will be able to streamline every aspect of your operations. By design, this next-generation solution should offer unified functionality, replacing outdated systems and providing key capabilities including job costing, contract development, resource planning, and more.