Sat.Jul 06, 2024 - Fri.Jul 12, 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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What is needed for London to become a Sponge City?

New Civil Engineer

The twin dangers of flooding and water scarcity are increasing and highly urbanised areas such as London must adapt to mitigate the impact on people, property, and the environment. Here I discuss the concept of ‘sponge cities’ and what London would need to do to… The post What is needed for London to become a Sponge City? appeared first on New Civil Engineer.

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Changes coming to NYC construction safety, permitting

Construction Dive

The code update will affect the definition of a major building and how many permits a superintendent can be involved with at one time, according to former DOB assistant commissioner Peter Amato.

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DRMP Leads Largest LED Lighting Conversion Project in Florida

Civil + Structural Engineer

by Jim Highland, PE Florida’s Turnpike Mainline stretches across 312 miles, traversing 11 counties within the state’s peninsula, while the Turnpike Extension spans 47 miles. The High-Pressure Sodium (HPS) lighting that illuminates the Turnpike, a familiar sight on many roadways, is antiquated and no longer being manufactured, making it difficult to repair and replace when necessary.

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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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Buyer Expectations Aren’t Aligned With Actual Home Prices

The Pro Builder

While home prices are increasing, recent research shows buyers’ expectations don't necessarily align with current prices. According to the National Association of Home Builders’ Eye On Housing blog, 38% of buyers expect to pay less than $250,000 for their next home, and 19% expect to pay less than $150,000. However, this may be unrealistic for most buyers as just 5% of home starts in 2023 were priced below $250,000.

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What is a Rainscreen in Building Construction?

Prodyogi

Watertight facades are a paramount feature for achieving building durability. These facades are essential features to improve the moisture resistance of the building envelope thereby protecting its structural integrity and preventing deterioration of exterior surfaces.

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Ecobot Completes Strong Quarter With Major Usage Milestone and New Product Offerings

Civil + Structural Engineer

On the heels of celebrating 150,000 environmental regulatory reports generated by customers, Ecobot widens its product offerings for the environmental consulting industry. ASHEVILLE, N.C.- Ecobot, the company driving the digitization of environmental permitting, today announced the launch of its end-to-end photo reporting feature for environmental assessments.

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Buyer Expectations Aren’t Meeting Actual Home Prices

The Pro Builder

While home prices are increasing, recent research shows buyers’ expectations do not necessarily align with current prices. According to the National Association of Home Builders’ Eye On Housing blog, 38% of buyers expect to pay less than $250,000 for their next home, and 19% expect to pay less than $150,000. However, this may be unrealistic for most buyers as only 5% of home starts in 2023 are priced below $250,000.

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Road runoff pollution causing ‘catastrophic damage’ to UK’s waterways

New Civil Engineer

Water running off roads in the UK is carrying pollution into the country’s waterways and causing “catastrophic damage”, but the issue has “flown under the radar” according to a new whitepaper from Keyline Civils Specialist. The post Road runoff pollution causing ‘catastrophic damage’ to UK’s waterways appeared first on New Civil Engineer.

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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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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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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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As Home Values Increase, Homeowners Face Higher Property Taxes

The Pro Builder

Despite providing higher equity, rising home values are also resulting in higher property taxes for many homeowners. In fact, according to housing market platform Realtor.com, there has been a 54% rise in home values over the past five years. At the same time, in 2022, property tax collections totaled about $760 billion, an increase of 31% since 2018.

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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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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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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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The tide that lifts all boats

Civil + Structural Engineer

by Lauren Aguilar, Ph.D., Founder and CEO of illuceo From The Zweig Letter How to make all employees feel safer at work and more willing to build authentic connections. The architecture, engineering, and construction industry is in a recruiting and retention crisis. So how do we attract the right talent and retain them? Within this scarcity we need powerful solutions.

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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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Old Oak Common excavation completes

The Construction Index

Construction of HS2’s new station in west London, Old Oak Common, has moved into a new phase as workers complete the excavation of the huge underground box structure.

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DOT awards $1.8B in transportation infrastructure grants

Construction Dive

Nearly 150 road, rail, transit and port projects will receive discretionary grant funds from the Rebuilding American Infrastructure with Sustainability and Equity, or RAISE, program.

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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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Clark Construction Announces Inaugural Graduates from Central Virginia Training Program for Small, Diverse-Owned Firms

Civil + Structural Engineer

RICHMOND, VA — Twenty-two Richmond-area small and diverse business leaders are positioned to take their firms to new heights following their successful completion of Clark Construction Group’s Strategic Partnership Program (SPP). Throughout the six-month executive development course, SPP participants focused on a range of business and construction industry topics, including financial statements and accounting, insurance and bonding, estimating, purchasing, project management, and e

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While Families Hold Off, Investors Continue to Buy Homes

The Pro Builder

While many would-be homebuyers are holding off purchasing due to elevated home prices and mortgage rates, real estate investors are continuing to buy up homes. According to housing market platform Realtor.com, investors made up 14.8% of home purchases in Q1 2024. This is the highest percentage since 2001. Of these deals, more than 62% were made by small investors, or those with 10 or fewer homes.

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Nominate Outstanding Women in Construction 2024

The Construction Business Owner

Nominate Outstanding Women in Construction 2024 Recognizing today's leading construction professionals mhodges Mon, 07/08/2024 - 14:54 Construction Business Owner (CBO) Magazine is thrilled to announce the opening of nominations for our annual celebration of some of the most hardworking professionals in the industry — our special section to honor Outstanding Women in Construction (OWIC).

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Bechtel wins $490M contract for California rail extension

Construction Dive

The new line will be the largest single public infrastructure project ever constructed in Santa Clara County, according to a news release.

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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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Stantec announces completion of first phase of construction for the Friant-Kern Canal Middle Reach Capacity Correction Project

Civil + Structural Engineer

The 10-mile section of new canal will provide critical water supplies to farmers in California’s Central Valley Stantec, a global leader in sustainable design and engineering, along with the Bureau of Reclamation and Friant Water Authority, has announced completion of the first phase of construction for a 10-mile section of the Friant-Kern Canal Middle Reach Capacity Correction Project.

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7 Home Types Expected to Rise in Value by 2025

The Pro Builder

High housing costs and a lack of inventory remain a challenge for homebuyers in today’s housing market. While these factors benefit sellers, prospective buyers should be cautious when trying to figure out which properties are and aren’t worth purchasing right now. According to GoBankingRates, certain types of homes are expected to see a significant growth in value by 2025 compared with other types of homes.

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BCIS: civils tender prices to rise faster than costs

The Construction Index

The Building Cost Information Service (BCIS) is forecasting that civil engineering contractors’ tender prices over the next five years will rise substantially more than their costs.

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Workers’ families file suit over Boise, Idaho, hangar deaths

Construction Dive

Relatives of two workers have sued several contractors, claiming rushed work and shoddy materials led to the fatal jobsite collapse in January.

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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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Dutchmark Roofing Beaumont TX Announce Range of Affordable Reroof Services in Beaumont Tx

Civil + Structural Engineer

Beaumont, TX — Dutchmark Roofing Beaumont TX, a leading roofing Beaumont company serving the communities of Beaumont, Nederland, and surrounding areas, is excited to announce the launch of its range of affordable reroof services, such as roof repair, metal roofing, commercial roofing, and roof replacement, to help more home and business owners improve the security and safety of their roofs.

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10 Challenges Facing the Build-to-Rent Sector

The Pro Builder

Single-family build-to-rent (B2R) communities are growing in popularity due to the high costs associated with purchasing a home. However, while many families are opting to rent rather than buy, the B2R segment is not without its challenges, according to Multi-Housing News. From staffing issues to flatter rent growth, there are a number of challenges B2R operators are facing.

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Government removes ban on onshore wind development in England

New Civil Engineer

The government has announced the immediate lifting of the de facto ban on onshore wind development in England, among other actions to speed up planning decisions. The post Government removes ban on onshore wind development in England appeared first on New Civil Engineer.

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3 key benefits of leveraging AI at the preconstruction phase

Construction Dive

Artificial Intelligence (AI) is not just for content creation or image manipulation; it’s a powerful tool that should be a part of your team’s everyday processes.

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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