Sat.Aug 03, 2024 - Fri.Aug 09, 2024

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Mortgage Rates Hit New Low, Signaling Good News for Homebuyers

The Pro Builder

This year has been tough for prospective homebuyers, but some good news came recently in the form of lower mortgage rates. According to Fast Company, the average 30-year fixed mortgage rate fell to 6.4%, and the 15-year fixed rate dropped to 5.89%. These are the lowest rates since April and May 2023, respectively. Mortgage rates fluctuate daily with the economy, influenced by factors like inflation and job growth, and while lower rates benefit buyers, they can also indicate challenges for the U.

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Jacobs sees double-digit growth in water, environmental work

Construction Dive

On an earnings call this week, CEO Bob Pragada emphasized the strength of infrastructure-adjacent sectors and advanced facility construction, including semiconductor plants and data centers.

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Schmidt Associates Launches Waypoint Strategies Welcomes Audra Blasdel as Division Lead

Civil + Structural Engineer

Indianapolis, Ind. – Schmidt Associates, a leading Midwest architectural and engineering firm, is excited to announce the launch of Waypoint Strategies, a new division dedicated to helping organizations plan, build, maintain, and operate facilities. Waypoint Strategies’ mission is to meet Owners where they are, offering tailored solutions that go beyond technical proficiency to ensure projects are delivered with understanding, respect, and care.

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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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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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Residential Building Wages See Fastest Rate of Growth Since 2018

The Pro Builder

Wages for residential building workers are growing. According to the National Association of Home Builders’ Eye On Housing blog, residential building workers’ wage growth increased to 9% in June, marking the fastest year-over-year growth rate since December 2018. As of June, the average hourly earnings for residential building workers was $32.28 per hour, compared with $29.62 per hour one year ago.

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New construction technology releases: August 2024

Construction Dive

From a smaller drywall robot to tech that helps builders comply with tougher green construction standards, this month’s fresh offerings promise to streamline jobsites and the back office.

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More Trending

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Various Types of Water Tanks

Prodyogi

Water tank is a storage solution for water whose objective is to store water before drinking, washing or cleaning or irrigation activities. Based on its application in domestic, agricultural or industrial applications, water tanks can be opted differently. Water tanks are essential components in various applications, from residential to commercial and industrial settings.

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Extreme Weather Events Call for Stronger Insurance Solutions for Homeowners

The Pro Builder

The increasing frequency and severity of climate change and extreme weather events are causing damage to property, exacerbating risks for both homeowners and insurers across the U.S. As the current homeowners' insurance market struggles to keep up with these challenges, a nationwide solution could be the answer. According to National Mortgage Professional, one solution being proposed is the Federal Natural Hazard Insurance Corporation (FNHIC).

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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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KAI Designs and Builds New Urban League Senior Living Center in St. Louis

Civil + Structural Engineer

ST LOUIS – In keeping with its mission to transform communities, KAI joined a diverse crowd of residents, public officials, contractors, clergy and business partners on May 21 to celebrate the grand opening of the Urban League Senior Living Center in Dellwood, MO. The event marked a significant milestone in the community’s revitalization efforts.

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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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Barratt-Redrow merger competition concerns limited to Shropshire

The Construction Index

The Competition & Markets Authority has found that Barratt’s £2.5bn deal to purchase Redrow Homes raises competition concerns only in one specific part of the country.

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Extreme Weather Events Call for Stronger Solutions for the Homeowners Insurance Crisis

The Pro Builder

The increasing frequency and severity of climate change and extreme weather events are causing damage to property, exacerbating risks for both homeowners and insurers across the U.S. As the current homeowners' insurance market struggles to keep up with these challenges, a nationwide solution could be the answer. According to National Mortgage Professional, one solution being proposed is the Federal Natural Hazard Insurance Corporation (FNHIC).

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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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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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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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Contractors still cutting corners on fire safety

The Construction Index

Insulation contractors report that they are losing jobs to cost-cutting competitors who appear to have forgotten – or never learned – the lessons of the Grenfell Tower fire.

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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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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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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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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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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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What Impact Does New-Home Construction Have on the US Housing Market?

The Pro Builder

With an ongoing housing shortage, markets across the U.S. have seen an influx of new home construction. In a recent report, housing market data tracker Parcl Labs analyzed 20 high-growth U.S. housing markets to understand what impact new construction has on supply-demand dynamics as well as on pricing. As of June 2024, Boise, Idaho, experienced the most significant housing stock increase at 33.3% of the total market share, followed by Austin, Texas, at 21.6%.

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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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Community RISES to Occasion

Civil + Structural Engineer

Rockaway Beach Coastal Restoration Project, New York City By JoAnne Castagna, Ed.D. Allan Little, a sixty-two-year-old Far Rockaway resident, who is deaf, is sitting next to a beach dune, digging into the sand with his bare hands, under the warm sun. He is planting vegetation to help make Rockaway Beach more resilient to coastal storm erosion and flooding.

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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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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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£260m Richmond blocks finally clear planning

The Construction Index

After a five-year planning battle, developers have secured unconditional planning consent for a £260m residential scheme in Richmond upon Thames.

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US hotel construction pipeline grows to new highs — again

Construction Dive

In Q2 2024, hotels in the total pipeline grew 9% annually, with extended stay remaining popular and upper midscale leading other segments, according to Lodging Econometrics.

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Buildots Launches New Integrated Tracking Capability, Combining AI-Driven Data with Human Construction Field Expertise

Civil + Structural Engineer

LONDON– AI construction technology leader Buildots has announced the release of a new Integrated Tracking feature to further enable unified tracking of automated and manually-recorded tasks within a single platform on both mobile and desktop devices. The new feature allows project teams to leverage AI for automated progress tracking, while enabling professionals to log and verify tasks requiring human oversight, such as confirming the presence of electrical wiring in conduits or completion of

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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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Arsenal Emirates stadium expansion ‘conversations starting to occur’

New Civil Engineer

Arsenal Football Club is in the early stages of considering expansion to its 60,000 seater Emirates Stadium in North London. The post Arsenal Emirates stadium expansion ‘conversations starting to occur’ appeared first on New Civil Engineer.

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RRB Recruitment 2024 For Engineers and Supervisors | 7951 Posts | 29-08-2024

Construction Placements

RRB Recruitment 2024 For Engineers and Supervisors | 7951 Posts | 29-08-2024 RRB Recruitment 2024 For Engineers and Supervisors with 7951 Posts vacancies, last date to apply for this job is 29-08-2024 The post RRB Recruitment 2024 For Engineers and Supervisors | 7951 Posts | 29-08-2024 appeared first on ConstructionPlacements.

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Innovative transmission, energy storage projects in 18 states get $2.2B from DOE

Construction Dive

Companies involved in winning projects include Allete, Duke Energy, Eversource, Grid United, National Grid, Pacific Gas and Electric and Southern California Edison.

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Financial Statements Demystified: A Practical Guide For Contractors

Contractor Bookkeeping

Understanding financial statements might sound daunting, but small business owners like you must stay on top of your game. Each financial report offers unique insights into your company's economic status. As a construction contractor, your financial statements provide valuable insights into your company's financial health and are essential for making informed decisions.

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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