December, 2023

article thumbnail

Construction input costs stabilizing but volatility ‘isn’t dead’

Construction Dive

Despite lower materials prices, the construction landscape remains complicated due to high interest rates and long lead times, according to AGC Chief Economist Ken Simonson.

article thumbnail

Single-Family Rental and Build-to-Rent Market Shows ‘Enduring Strength’ in the Long Term

The Pro Builder

Single-Family Rental and Build-to-Rent Market Shows ‘Enduring Strength’ in the Long Term qpurcell Mon, 12/04/2023 - 11:45 After enjoying robust demand during the pandemic, the single-family rental (SFR) and build-to-rent (BTR) sector hasn’t been immune from the challenges facing the rest of the homebuilding industry in 2023. “The overall SFR and BTR sector has seen a slowdown as rising interest rates and persistent construction costs hindered housing development,” says Doug Faron, cofounder and

Insiders

Sign Up for our Newsletter

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

article thumbnail

Construction had the most fatalities of any industry last year

Construction Dive

Both the number of deaths and fatality rate increased, as the same hazards continued to claim lives in a dangerous profession.

418
418
article thumbnail

Rehabilitation Extends Life, Restores Historical Aspects of Minneapolis’ Third Avenue Bridge

Civil + Structural Engineer

By Suze Parker Since the days when flour mills lined both sides of the Mississippi River in downtown Minneapolis, Minnesota, the Third Avenue Bridge has been a central connector in the area. It originally carried freight; today, it links retail and residential neighborhoods, carrying TH 65 across the river in the St. Anthony Falls Historic District.

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

New homes standard to make heat pumps mandatory

Construction News

All housing built from 2025 should include heat pumps, according to new government proposals. A consultation on technical requirements for the government’s Future Homes Standard opened on Wednesday (13 December), with the Department for Levelling Up, Housing and Communities (DLUHC) stating that the requirements will… The post New homes standard to make heat pumps mandatory appeared first on Construction News.

article thumbnail

Government threatened with law suit over HS2 cancellation as Sunak blames transport secretary

New Civil Engineer

A campaign organisation is on the brink of taking legal action against the government over the cancellation of HS2 Phase 2a, but the prime minister has pointed the finger at the transport secretary for the decision. The post Government threatened with law suit over HS2 cancellation as Sunak blames transport secretary appeared first on New Civil Engineer.

More Trending

article thumbnail

Top 5 States for Construction in 2023

The Pro Builder

Top 5 States for Construction in 2023 qpurcell Thu, 12/07/2023 - 10:27 Each year, Associated Builders and Contractors releases its Merit Shop Scorecard, ranking the U.S. states for their programs and policies that support the construction workforce. The Scorecard reviews all 50 states and the District of Columbia on their commitment to the construction industry.

article thumbnail

Washington sheet metal worker recruits other women to the trades

Construction Dive

Tammy Meyen recently joined the International Training Institute in a role designed to help entice nontraditional workers to join the construction industry.

410
410
article thumbnail

Auburn University approves $15 million Vehicle Research and Innovation Laboratory to address challenges faced by transit vehicle manufacturers

Civil + Structural Engineer

AUBURN, Ala. — The Auburn University Board of Trustees recently approved the beginning phases of a $15 million research lab for the Samuel Ginn College of Engineering. The object is to make transit vehicles more efficient with increased levels of safety and reduced emissions. The Vehicle Research and Innovation Laboratory project is proposed as a testing facility to address challenges faced by transit vehicle manufacturers in adopting low- or no-emissions technologies.

Approvals 269
article thumbnail

Announcing Procore’s 2023 Impact Report

Procore

Today, Procore released its 2023 Impact Report, which showcases the company’s continued environmental, social, and governance (ESG) efforts. Read a version of Tooey Courtemanche’s opening message below.  Construction transforms our world in both seen and unseen ways. A skyline can completely shift in a decade. But that skyline is not just made of buildings.

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

National Highways’ £1.7bn Stonehenge tunnel scheme returns to High Court

New Civil Engineer

Campaigners opposing National Highways’ £1.7bn A303 tunnel underneath Stonehenge World Heritage Site are heading to High Court today, 12 December, for a three-day hearing. The post National Highways’ £1.7bn Stonehenge tunnel scheme returns to High Court appeared first on New Civil Engineer.

article thumbnail

East West Rail: ‘Not yet clear’ how benefits of £6.6bn project will be achieved

Construction News

Ministers have failed to demonstrate how they will achieve the promised benefits of the under-construction Oxford-Cambridge rail link, despite spending more than £1bn on the project to date, a watchdog has warned. The National Audit Office (NAO) said it was “not yet clear” how the… The post East West Rail: ‘Not yet clear’ how benefits of £6.6bn project will be achieved appeared first on Construction News.

126
126
article thumbnail

Topcon Aptix and Grade Control Interoperability

For Construction Pros

As the AEMP Telematics standard has paved the way for some equipment performance data to cross proprietary boundaries, the industry next grapples with topographical data for 3D machine control.

122
122
article thumbnail

Job report signals no reprieve for construction

Construction Dive

As demand for workers in other economic sectors cools, construction still faces a wide margin between the number of available positions and the supply to fill them.

387
387
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

Revolutionary Façade Material Kaynemaile RE/8 Wins in Architectural Record’s Products of the Year

Civil + Structural Engineer

[NEW YORK] Kaynemaile, a leading designer and manufacturer of architectural mesh, is a winner in Architectural Record magazine’s Record Products of 2023 (Building Systems and Components) in recognition of its full-scale sustainability initiatives. Winners were selected for building systems, materials, and furnishings from around the world by an independent jury of U.S.

article thumbnail

Leveraging Existing Technology to Tackle the Industry’s Biggest Challenges: Procore Leaders Cast Predictions for 2024

Procore

In the past twelve months, the construction industry has experienced significant transformation in response to dynamic challenges and the continual emergence of new technologies. With 2024 just around the corner, construction spending in the United States has already surpassed $1.6 billion in the first 10 months of the year, marking a 5.6% increase compared to the same period in 2022.

article thumbnail

East West Rail | Track laying ‘99% complete’ between Bicester and Bletchley

New Civil Engineer

Track laying for East West Rail’s (EWR’s) first connections stage (CS1) between Bicester and Bletchley is now “99% complete” according to the project promoter East West Rail Co. The post East West Rail | Track laying ‘99% complete’ between Bicester and Bletchley appeared first on New Civil Engineer.

article thumbnail

Drying up: Where’s the green-tech startup funding gone?

Construction News

At a time when climate goals urgently demand innovative decarbonisation solutions, funding for green-tech startups in construction is evaporating Picture the scene: it’s 2050, and you’ve just signed a contract to build yet another flying-skateboard distribution centre. You compare materials sourced via the circular economy… The post Drying up: Where’s the green-tech startup funding gone?

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

Elevate Your Construction Career: The Ultimate eBook Bundle [15 eBooks] for 2024!

Construction Placements

Elevate Your Construction Career: The Ultimate eBook Bundle [15 eBooks] for 2024! Dive into the New Year with our exclusive construction eBook bundle! At just $9.99, these 15 eBooks cover everything from interview prep to green economy jobs. Perfect for both budding and experienced construction professionals, this offer is your ticket to career advancement.

article thumbnail

Holiday lights add festive mood to construction jobsites

Construction Dive

From a hospital project in Connecticut to a Christmas tree with a family history, contractors took time to make the season brighter.

399
399
article thumbnail

Innovative Architecture by RKTB Captures Dramatic Views for Mixed-Income Housing in Brooklyn

Civil + Structural Engineer

NEW YORK – Bolstering its reputation for pioneering unique solutions to help developers build on challenging infill sites and meet increasing demand for urban housing, RKTB Architects has announced the completion of an innovative new multifamily residence at One Sullivan Place in Brooklyn. Featuring dramatically cantilevered upper stories that spread out beyond the narrow site and over the rooftops of neighboring buildings, the design captures breathtaking views of the nearby Brooklyn Botanic Ga

article thumbnail

Opioids and Overdose Deaths In The Construction Industry: A Call to Action

For Construction Pros

Addressing the opioid and overdose crisis requires straight talk to acknowledge that there is a problem. Stigma associated with substance misuse creates barriers to care-seeking for addiction treatment and recovery. Let's talk about it.

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.

article thumbnail

First HS2 viaduct deck beam installation completed in Northamptonshire

New Civil Engineer

A Northamptonshire viaduct has become the first on the HS2 project to have all its deck beams installed. The post First HS2 viaduct deck beam installation completed in Northamptonshire appeared first on New Civil Engineer.

article thumbnail

Council warns of bankruptcy after HS2 phase two scrapped

Construction News

A local authority has warned that the cancellation of HS2’s northern leg may force it to trigger bankruptcy proceedings. Leaders of Cheshire East Council said that it had spent more than £11.2m preparing for the rail link, including £8.6m of capital costs funded by borrowing,… The post Council warns of bankruptcy after HS2 phase two scrapped appeared first on Construction News.

119
119
article thumbnail

40 Under 40: Champions of Construction 2023

Autodesk Construction Cloud

Innovation and leadership are the driving forces behind construction success. That’s why at Autodesk, we continuously put the spotlight on individuals who embody these characteristics. Case in point: our annual 40 Under 40: Champions of Construction roundup. More than just a list of people, Autodesk's 40 Under 40 initiative celebrates some of the brightest pros in our industry.

article thumbnail

Construction spending inches higher

Construction Dive

Manufacturing and infrastructure investments fueled a 0.1% uptick in October, but warehouse and distribution center outlays tumbled.

397
397
article thumbnail

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

article thumbnail

2024 construction industry forecast with AGC’s Ken Simonson

Equipment World

Construction growth will vary be sector in 2024 as inflation and interest rates continue to drag down residential and developer-led projects. Watch the video here.

120
120
article thumbnail

Green Asphalt Proves 100% RAP Mixes are Viable, Recycled Pavement

For Construction Pros

One asphalt plant is doing what many consider as the unthinkable: producing asphalt mixes from 100% reclaimed asphalt pavement (RAP), and they can convert any asphalt plant to do the same. Extensive testing says it works, but changing opinions is hard.

116
116
article thumbnail

Polar crane installed at first reactor building of Hinkley Point C

New Civil Engineer

The Hinkley Point C nuclear power station team has celebrated a milestone with the installation of a polar crane at the top of the first reactor building. The post Polar crane installed at first reactor building of Hinkley Point C appeared first on New Civil Engineer.

article thumbnail

Sunak: construction misunderstood our lockdown message

Construction News

Rishi Sunak has admitted that the government stopped more construction activity than it intended to during the first Covid-19 lockdown. The prime minister, who was chancellor when the pandemic started, this week told an official inquiry that the meaning of key communications was “slightly lost”… The post Sunak: construction misunderstood our lockdown message appeared first on Construction News.

article thumbnail

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