article thumbnail

Non-Residential Construction Market Still Faltering

Job Order Contracting

Nonresidential construction has dropped 25% since 2020, while residential construction has boomed. Overall, however, the construction industry in in recovery. August 2020: 7.6%. August 2020: 7.2M. 2020 to Aug. 2020 to Aug. 2020 to Aug. Nonresidential: -9.5% (July 2020 to July 2021.

article thumbnail

Common challenges of residential construction projects

Lets Build

The Association of Professional Builders’ 2022 annual report on the state of residential construction included some alarming findings: Almost one-third of global residential construction projects were delivered late in 2021. Less than half of residential builders understand their fixed expenses per job and per day.

professionals

Sign Up for our Newsletter

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

article thumbnail

Residential Construction Jobs Almost Entirely Recovered

Pro Builder

Residential Construction Jobs Almost Entirely Recovered. Mon, 12/07/2020 - 09:55. Residential construction employment has nearly entirely recovered from its dramatic drop in March and April, but the same cannot be said for non-residential construction. While total construction industry employment totaled 7.4

article thumbnail

3 construction industry trends in 2023

Lets Build

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed Here’s what the top construction industry trends in 2023 look like: 1. More to read: How technology can help you maintain your profit margins at residential projects 2.

article thumbnail

As Residential Construction Booms, Nonresidential Suffers

Pro Builder

As Residential Construction Booms, Nonresidential Suffers. Fri, 10/02/2020 - 09:24. The residential construction industry has rebounded greatly since the beginning of the pandemic, but the same cannot be said for nonresidential construction. But from June to August, residential construction employment increased by 2.1%

article thumbnail

2020 National Electrical Code Resets GFCI Rule

Pro Builder

2020 National Electrical Code Resets GFCI Rule. Prior to the 2020 edition of the National Electrical Code (NEC), ground-fault circuit interrupters (GFCIs) weren’t required on connections between a new home’s electrical system and the air conditioning condenser unit—the part of the HVAC system that sits outside the home.

article thumbnail

5 Tips to Prepare for the Next Economic Recession

Construction Business Owner

Tue, 01/14/2020 - 11:17. However, given the 200,000 business failures, the almost complete collapse of profitability and the immeasurable human cost—our industry was at ground zero and will be again in the next recession. 5 Tips to Prepare for the Next Economic Recession. Elizabeth Manning.